PRE-MARKET INDIAN STOCKS NEWS: Porsche entered into a five-year strategic agreement with Tata Consultancy Services and MHP Management- und IT-Beratung valued at EUR 1.25bln, following TCS’s acquisition of MHP
Key Indian pre-market developments include TCS's EUR 1.25bln deal with Porsche, Coal India's new overseas subsidiary, government stake sales in Hindustan Copper, and capital raising by ICICI Bank and Piramal Finance.
News detail
Coal India (COAL IS) - Co. incorporated Singapore-based wholly owned subsidiary CIL Global to pursue overseas acquisitions of critical-mineral assets, manage international investments and provide flexibility for future acquisitions. (Moneycontrol) Hindustan Copper (HCP IS) - The government will sell a 3% stake in the Co. through an offer for sale, with an option to sell a further 3% if oversubscribed. (Economic Times) ICICI Bank (ICICIBC IS) - Co.’s IFSC Banking Unit priced USD 1bln of senior unsecured fixed-rate notes. (Economic Times) Piramal Finance (PIRAMALF IS) - Co. launched a qualified institutional placement with a floor price of INR 2,102.65/shr. (Moneycontrol) Tata Consultancy Services (TCS IS) - Porsche entered into a five-year strategic agreement with the Co. and MHP Management- und IT-Beratung valued at EUR 1.25bln, following TCS’s acquisition of MHP. (Economic Times)
What do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.
