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The impact of the Federal Reserve's announcement can be seen on the stock market in Thursday's trading, however, in the meantime, the impact of news related to them will also dominate in many other stocks. News related to IREDA, Powergrid, Jindal Saw, Lemon Tree, GE T&D, Nazara Tech and Aditya Birla Capital came after the market closed on Wednesday, impact on these stocks is possible in Thursday's trading.

 

 

IREDA has got approval to sell 7 percent stake through QIP. The company has given this information after the market closed. On the recommendation of the high level committee, DIPAM has approved the optional system on the company's proposal to raise money. On Wednesday, IREDA's stock saw a slight decline and the stock closed 0.2 percent down at 227.37.

 

 

Power Grid has informed that the company has proved to be a successful bidder in the tariff based competitive bidding for setting up the interstate transmission system for Rajasthan REZ Phase 4. According to the company, it has received the Letter of Intent on 18 September itself. Apart from this, the company has informed that it will set up a new transmission line and substation in Madhya Pradesh.

 

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Jindal Saw has said in a communication to the stock exchange that on September 18, it has
entered into a share purchase agreement with step-down subsidiary Derwent Sand SARL Algeria for the sale of its entire stake in the company's subsidiary Green Ray Holdings Ltd, UK. On Wednesday, the stock closed at 715.2 with a gain of 0.35 per cent.

 

 

Lemon Tree has informed the stock market about the new agreement. According to the company, it has signed a licensing agreement for a 40-room hotel.

 

GE T&D India has informed that the company has fixed the floor price for the offer for sale. The floor price has been kept at Rs 1400 per share. Promoters will sell 11.7 percent stake through OFS.

 

 

NAZARA TECH has informed that it will make a strategic investment of Rs 145.5 crore in Absolute Sports. The company will buy 19.35 percent stake in Absolute Sports. Apart from this, the board of the company has approved raising Rs 900 crore through preferential issue. The company will issue 94.31 lakh shares at a price of Rs 54.27 per share.

 

Aditya Birla Capital has informed that it has received NoC for merger with Aditya Birla Finance, No Objection Certificate has been received from the Reserve Bank for this merger. The stock closed at 227 with a gain of 0.9 percent on Wednesday.

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