Reliance Industries (RIL) shares will be in focus on Monday following the announcement that the merger between Viacom18 Media Private Limited, JioCinema, and The Walt Disney Company’s Star India Private Limited (SIPL) has been completed. The transaction values the joint venture (JV) at Rs 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies.
Open FlipBalu Forge share price gained percent on November 18 after the company announced on MoU for expanding operations in defence and railway sectors. At around 9.30 am, the shares of the company were trading at Rs 753.90 per share on the NSE, up 0.54 percent .A meeting of the board of directors held on November 14 approved the formation of a SPV between Balu Forge and Swan Energy.
Open FlipShares of Delhivery gained over three percent in the morning session on November 18 after the logistics player posted a profit for the second consecutive quarter. Delhivery posted a profit of Rs 1o.2 crore in Q2 of the current financial year ahead of a busy festive season, which fuels e-commerce shopping, a primary source of income for the logistics company.
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