Wipro IT Services completed the acquisition of an additional 20% stake in insurer Aggne Global for $28.5 million, according to a Tuesday filing to the Indian stock exchanges.
The purchase increased the Wipro (NSE:WIPRO, BOM:507685) subsidiary's total stake in Aggne to 80%.
The transaction is expected to strengthen Wipro's competitive advantage in the insurance sector, the filing said.
The company's shares were down over 2% in Wednesday's trade.
Nagambie Resources (ASX:NAG) said Mandalay Resources Costerfield Operations, a wholly-owned unit of Alkane Resources (ASX:ALK) began diamond drilling of the antimony-gold project at the Nagambie mine in Victoria, according to a Wednesday Australian bourse filing.Nagambie and Alkane earlier entered into an earn-in and potential joint venture over Nagambie's mining license MIN 5412 and exploration license EL 5511. Alkane will provide Nagambie with quarterly reports on exploration activities across the tenements to support Nagambie's ASX disclosure obligations, per the filing.Alkane's shares rose 1% in recent trading on Wednesday.
Meituan (HKG:3690) has an average rating of overweight and mean price target of HK$108.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has an average rating of buy and mean price target of 1,922.46 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)