RIL: Reliance Industries (RIL) on Sunday announced selling 1.34 per cent stake in its digital services subsidiary, Jio Platforms, to private equity (PE) firm General Atlantic for Rs 6,598.38 crore to accelerate consumer business and cut debt. That apart, its rights issue will open on May 20.
Earnings today: As many as 14 firms are scheduled to report their March quarter numbers including Bharti Airtel, and Dr Lal Path Labs.
Cipla: Drug maker Cipla on Friday reported a 35 per cent dip in profit before tax to Rs 327.9 crore for the March quarter, and announced its plan to raise funds by up to Rs 3,000 crore through issue of equity shares or foreign currency convertible bonds or other financial instruments.
KNR Constructions: KNR Constructions Ltd, Hyderabad, a premier infrastructure development company has received two work order for Rs 2,309 from Irrigation & CAD Department, Govt. of Telangana.