Top stocks in focus: Mindtree, L&T, Sheela Foam, Wockhardt, ICICI Prudential - Highlight Investment Research

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Wednesday 27 March 2019

Top stocks in focus: Mindtree, L&T, Sheela Foam, Wockhardt, ICICI Prudential

L&Ts open offer to buy 31% shares in Mindtree will commence on May 14 and close on May 27, the company said in a detailed public statement (DPS) on March 26.

Mindtree
 board has decided not to proceed with a buyback of equity shares of the company and has formed directors panel to evaluate L&T open offer.

Sheela Foam stock in focus as it two promoters to sell up to 8.68% stake in the company via offer for sale on March 27-28. OFS floor price set at Rs1,100 per share.

Ireland’s HMPRA and the UK’s MHRA carried out a joint inspection of Wockhardt’s Aurangabad facility. The company said that HPRA has granted GMP certificate for the aforementioned facility for a period of three years until January 2022.






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