United Breweries surged 9.34% to Rs 474.80 and topped the gainers in the BSE's 'A' group. The stock extended Wednesday's 7.53% surge. The stock rose on higher volume of 6.74 lakh shares as against an average daily volume of 14,000 shares in the past two weeks.
UTV Software Communications jumped 3.04% to Rs 979.85 after the government approved the proposal of the US-based Walt Disney Co to fully acquire the media firm. It was second biggest gainer in 'A' group. A release published after market hours on Wednesday, 7 December 2011 showed the Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Walt Disney Company (Southeast Asia) Pte, Singapore for increasing its stake in UTV Software Communications pursuant to the Foreign Investment Promotion Board recommendation in its meeting held on 15 November 2011.
Foreign promoter Walt Disney Company plans acquire 100% stake in UTV Software Communications and delist the latter's shares from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Walt Disney Company held 50.28% stake in UTV Software Communications while 19.75% is held by other promoters--Rohinton Screwvala, Unilazer Exports and Management Consultants, Unilazer (Hong Kong) and Zarine Mehta. The total promoter holding in UTV Software Communications is 70.04% as at end September 2011.
Wipro gained 2.35% to Rs 413.25 after the company announced its plans to create a focused global unit called the Business Operations Unit to deliver differentiated value for clients with seamless, predictable execution. The company made this announcement during trading hours today, 8 December 2011. It was third biggest gainer in 'A' group.
United Phosphorus shot up 2.33% to Rs 135.95 and was fourth biggest gainer in 'A' group.
Piramal Healthcare advanced 2.32% to Rs 376.95 and was fifth biggest gainer in 'A' group. The stock rose on higher volume of 22,000 shares as against an average daily volume of 12,000 shares in the past two weeks.
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