Acquisition: These two companies gave important information related to the purchase, the effect will be seen on the stock

ABB India

The company said in a communication sent to the stock exchange that ABB has signed an agreement to buy the power electronics business of Gamesa Electric in Spain from Siemens Gamesa. In a communication sent to the stock exchange, ABB India said that the Board of Directors will review the impact (if any) of this acquisition on the Indian business. ABB India’s stock closed with a decline of more than 2 percent on Wednesday.

Lloyda Metals and energy

The company said in a communication sent to the stock exchange that in the meeting held on December 18, the Board of Directors has approved the acquisition of 79.82 percent stake in Thriveni Earthmovers and Infra. The stake will be acquired for Rs 70 crore. Along with this, the company will give a guarantee of `2500 Cr for Thriveni Earthmovers. On Wednesday, the stock closed at 1179 with a gain of more than 2 percent. The stock was close to the level of 600 a year ago.