Top stocks in focus: Lupin, Indian Hotels, Godrej Industries, Tata Power

Lupin's Board approved divestment of entire equity stake (99.82%) in company’s Japanese step down subsidiary Kyowa Pharma to Unis Capital Partners’ entity Plutus at an enterprise value of Rs3,702.4cr. The proposed transaction is an all cash-transaction, subject to the terms of the definitive agreements executed among the parties. receipt of requisite approvals.

Tata Power’s arm received a Letter of Award from Gujarat Urja Vikas Nigam Limited to develop a 50 MW solar project in Dholera Solar Park in Gujarat.

Indian Hotels' Board approved acquisition of a hotel in Pune for Rs108cr, within the framework with Government of Singapore Investment Corporation. The company will make equity investment up to Rs20cr (representing 30% of equity) and the acquisition will be made by the JV company. Board also gave nod, subject to signing of definitive agreements, to acquire remaining 14.28% stake in Claridges Hotels’ arm and Excalibur for a consideration of Rs250cr over a period of two years.

Avanti Feeds said that the company and its arm Avanti Frozen Foods’ premises were searched by the Income Tax authorities from Nov. 7-11.

NIIT buyback period from Nov. 25-Dec. 6. The company stated that it has received final observations from SEBI on Draft Letter of Offer.

Embassy Office Parks REIT has received an invitation of offer from Embassy Sponsor for potential sale of 6.2 million square feet of completed office premises and 2.5 million sq ft of under-construction area in Embassy TechVillage, Bengaluru.

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