STOCKS IN ACTION 24 January

Religare Enterprise: The Competition Commission of India approved the acquisition of 5.27% of a total issued and outstanding stake through open market purchases by the Burman Family. The acquisition includes an open offer for up to 26% of the total expanded voting stake.

AU Small Finance Bank: The CCI gave the nod for the proposed amalgamation of Fincare SFB into itself. Amalgamation remains subject to receipt of RBI approval.

Lupin: The pharma major received tentative approval from the USFDA for its abbreviated new drug application for Rivaroxaban Tablets.

Responsive Industries: The company has been selected as a key partner for several prestigious hospitality and projects in the holy city of Ayodhya.

Rallis India: The company approved proposal for a capacity addition of 2000 MT per annum of the existing Pendimethalin Plant at Dahej SEZ unit which is expected to be completed in a phased manner by FY25.

ICRA: The company approved to join the Association of Indian Rating Agencies by way of subscribing to their shares up to 20% of the paid-up share capital of the Association of Indian
Rating Agencies.

Bharti Airtel: The company prepaid Rs 8,325 crore to the Department of Telecom towards part prepayment of the deferred liabilities pertaining to spectrum acquired in the auction of the year 2015.
Oberoi Realty: The company achieved gross bookings of Rs 882 crore during the launch of its new tower in Elysian at Oberoi Garden City, Mumbai.

KEl Industries: The company approved the voluntary liquidation of unit KEl Cables Australia.

Sandhar Technologies: The company has proposed to acquire a 20.08% stake in Sandhar Tooling in one or more tranches. Post-acquisition, the company can focus on the growth and the expansion plans, to be a market leader in the business.

Godrej Properties: Jamshyd Godrej resigned as non-independent director of the company after attaining the age of 75.