nestle india shares: Stocks in news: L&T Finance, Arvind, Nestle India, Sobha, Whirlpool India

Benchmark indices ended higher on Wednesday, with the Nifty hitting its fresh record closing level amid a largely positive trend in global equities. In today’s trade, shares of L&T Finance, Arvind, Nestle India, Sobha, Whirlpool India among others will be in focus due to various news developments.

L&T Finance

Bain Capital is likely to sell its entire stake in L&T Finance through a Rs 1,500-crore block deal, according to reports.

Arvind
The strike has been called off by the workers at Santej Plant and operations were partially impacted due to the strike getting back to normalcy. The company has estimated potential loss of revenue of around Rs 180-200 crore.

Nestle India
FMCG major Nestle India on Wednesday said it has changed the record date for the payment of final dividend to July 16 from July 15 earlier. Further, the board of Nestle India gave nod to continuation of payment of general licence fees (royalty) at the current rate of 4.5% to its Swiss parent Nestle.

Sobha
The board of Sobha approved a rights issue of up to Rs 2,000 crore with an issue price at Rs 1,651 per share.PTC India Financial Services
Sebi passed an order in PTC India financial services matter where it fined Pawan Singh ₹25 Lakh and bars him from taking Director’s post in a listed company for 2 years.

Whirlpool India
Whirlpool entered into a joint marketing agreement with Hindustan Unilever for 3 years.