Pre-Market Information-Reliance New Energy to acquire 100% stake in Faradion for GBP 100 Million

Global markets have a muted start. The US markets ended in red. SGX Nifty is also in red. But the gap down is milder one.

There are several stocks in focus. Reliance Industries’s Subsidiary Reliance New Energy Solar is to acquire. Faradion for 100 Million pounds. In another development, Sterling and Wilson Renewable Energy approved the allotment of 2.93 Cr shares to Reliance New Energy Solar. 

IDFC, IDFC First Bank gave their “in-principle” approval to merger, along with IDFC Financial Holding Co.

SBI buys 9.95% stake in IFSC ltd.