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The Nifty IT index was trading 0.04 per cent down at 31781.4.

The stock quoted a 52-week high price of Rs 933.5 and a 52-week low of Rs 737.6.

Under the OFS, the government will offload seven crore equity shares, representing about 3.5% of equity with an oversubscription option of another 3.5%. Based on the base offer and oversubscription option, the government plans on selling up to 14.01 crore shares.

ITC Q2 Preview: Diversified conglomerate ITC is expected to post mid-single-digit revenue growth in the September quarter due to subdued performance in papers and agri businesses. Revenue for the quarter is seen growing 4%, according to an average estimate of five brokerages. Net profit, meanwhile, is likely to rise by 8%.

HUL Q2 Preview: Revenue for the June-September period is likely to grow at 4%, while profit growth for the same period is seen at 6%, according to an average estimate of three brokerages. Due to the late festive season this year, analysts expect the pipeline for festive demand (Diwali) to shift to October, hence more evident in the third quarter.

Another source said the Boston Consulting Group (BCG), which was tasked with completing the integration process, is working overtime to complete the responsibilities associated with the merger.

A total of 2,377 shares changed hands on the counter till 12:02PM (IST)

The transition will trigger an open offer for an additional 26% stake in accordance with takeover laws, which mandate an incoming promoter or controlling entity to buy the additional shares from existing minority investors.

Taking cues from the international prices, the MCX December gold futures opened in the green on Wednesday and traded at Rs 59,620 per 10 gram, up by Rs 402, or 0.20%. Meanwhile, the December silver futures were trading at Rs 72,172 per kg, lower by Rs 605 or 0.85%.

“Before the end of the year, now there may be 75 days left, we will be placing a three-digit aircraft order and we have got the cash on hand to place a three-digit aircraft order. So, absolutely, we should be able to see through 2032 here very shortly with the existing set of financials that we have.”