Stocks to watch out on Wednesday
Tasty Bite Eatables: Mars Food has signed a definitive agreement to acquire Preferred Brands International, a Stamford, Connecticut-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite brand.
BEML, Scooters India: The government is in advanced stage to appoint advisors for proposed strategic sales in state-run firms such as Scooters India, BEML, Pawan Hans Ltd and Hindustan Prefab, to divest its entire or partial stakes to private sector players, reported a leading business daily.
Inox Leisure: Inox Leisure plans to invest around Rs 100 crore to open 39 more screens this fiscal to take its total screen count to over 500. The company operates over 475 screens in 58 cities.
GMR Infra: The RBI has turned down the plea of the consortium of lenders led by IDBI Bank to extend the deadline for sale of their 55% stake in GMR Rajahmundry Energy’s gas-based power project in Andhra Pradesh.
Heritage Foods: Heritage Foods expects its recent acquisition of Reliance’s dairy business to break even by the third quarter of this financial year, reported a leading business daily.
Phoenix Mills: Canada Pension Plan Investment Board and company has acquired land parcel in Pune for Rs