Business

Reliance Industries to IndiGo: Stocks to watch on August 29, 2024

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Reliance Industries

The Competition Commission of India (CCI) has authorized the merger of Viacom18, sponsored by Reliance Industries, and Star India, controlled by Walt Disney. 

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IndiGo

Rakesh Gangwal, co-founder of InterGlobe Aviation (which controls IndiGo), intends to sell up to $850 million of his interest in the country's largest airline via block agreements.

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Tencent Cloud Europe BV

Tencent Cloud Europe BV is expected to sell its 2.1% investment (about 9.7 million shares) in PolicyBazaar's promoter through block sales.

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Vedanta

Vedanta, the mining company owned by Anil Agarwal, will explore a third interim dividend at its board meeting on September 2.

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Tata Steel

Tata Steel has bought 178.34 crore ordinary equity shares in T Steel Holdings Pte (TSHP) for Rs 2,347.81 crore. 

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Zomato

Zomato has purchased Paytm's entertainment ticketing business for Rs 2,048 crore to enhance its "going-out" sector. 

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