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Ambuja Cements' shares rose after announcing the merger of Sanghi Industries and Penna Cement. Sanghi shareholders will receive 12 Ambuja shares for every 100 they own. This merger boosts Ambuja's cement production capacity, aiming to exceed 100 MTPA by the fiscal year-end. The move streamlines operations and enhances shareholder value.
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News and Media
So, you throw down your cards and you wait for the opponent to show their cards and then he makes a different play after that. So, it is a wait and watch. Markets have priced in one level of Trump moves post Jan 20th but let us see what actually comes, that could surprise, so that is one. As far as the Fed goes, a rate cut tomorrow and then a pause probably.
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News and Media
Identical Brains Studios' 20 crore SME IPO opened for subscription on December 18 and closes December 20. The VFX studio offers shares at 51-54 apiece, with a GMP of 38. Proceeds will fund office renovations, a new Lucknow branch, and working capital.
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News and Media
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