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Contact: Daytradertelugu@gmail.com
STOCKS IN ACTION 30 October
Tata Group: Taiwan-based Wistron Corp., a contract manufacturer for Apple Inc., will sell its India unit to the Tata Group for $125 million. Wistron will sell a 100% stake in its unit, Wistron InfoComm Manufacturing (India) Pvt., to Tata Electronics Pvt., following board approval.
Tata Power: The company's renewable energy arm inked a power delivery agreement with Mukand Ltd., a Bajaj Group company, for a 43.75 MW AC Group Captive Solar project. The installation will generate 99.82 MUs annually.
Bombay Dyeing: The company's Global Depository Receipt programme has been terminated, and the GDRs have been delisted from the Luxembourg Stock Exchange. Due to the termination of the GDR programme, Naira Holdings has surrendered their 27.40 lakh GDRs for cancellation and, subsequently, has taken possession of the equivalent corresponding equity shares of the company.
Strides Pharma Science: The company's Singapore unit, Strides Pharma Global, has entered into a binding agreement to sell its manufacturing facility for a consideration of $15 million to Rxilient Biohub.
IRB Infrastructure Developers: The company has emerged as the preferred bidder for the project of tolling, operation, maintenance and transfer of a 316-kilometre highway stretch in the states of Uttar Pradesh and Madhya Pradesh. The IRB Infrastructure Trust is to pay an upfront concession fee of Rs 4,428 crore to NHAI for a revenue-linked concession period of 20 years.
SJVN: The company's unit, SJVN Green Energy, inked an MoU with Norway's Ocean Sun for collaboration in the green and clean energy sector. The unit will develop and finance a pilot membrane-based floating solar project of about 2 MW in India, with Ocean Sun providing patented technological support for the same.
Blue Dart Express: CFO V.N. Lyer resigns w.e.f. Jan. 31, 2024.
Thermax: The company's subsidiary, Thermax Onsite Energy Solutions Ltd., infused an additional Rs 24.94 crore in its step-down subsidiary, Thermax Energy & Environment Lanka Pvt. The additional capital is being infused to meet the fund requirements for the execution of a project.
Grindwell Norton: The company executed a share sale and purchase agreement with Shinagawa Refractories Co. and SG Shinagawa Refractories India Pvt. for the sale of 49% of the equity shares held by the company in SG Shinagawa Refractories India.
State Bank of India: ropes in MS Dhoni as brand ambassador
UltraTech Cement: board Approves the 3rdphase of growth with an investment of ₹13,000 crore towards increasing the capacity by another 21.9 mtpa with a mix of brown field and green field projects
Airtel: collaborates with Microsoft to enable integrated calling through MicrosoftTeams
ICICI Bank: JP Associates in talks over loan recast settlement
Panacea Biotec: launches Paclitaxel Protein-Bound Particles for Injectable Suspension (Albumin-Bound), a generic version of Abraxane in the Canadian market
Kalpataru Projects: DG of GST Intelligence initiated search at certain premises in Gujarat
@daytradertelugu
Tata Group: Taiwan-based Wistron Corp., a contract manufacturer for Apple Inc., will sell its India unit to the Tata Group for $125 million. Wistron will sell a 100% stake in its unit, Wistron InfoComm Manufacturing (India) Pvt., to Tata Electronics Pvt., following board approval.
Tata Power: The company's renewable energy arm inked a power delivery agreement with Mukand Ltd., a Bajaj Group company, for a 43.75 MW AC Group Captive Solar project. The installation will generate 99.82 MUs annually.
Bombay Dyeing: The company's Global Depository Receipt programme has been terminated, and the GDRs have been delisted from the Luxembourg Stock Exchange. Due to the termination of the GDR programme, Naira Holdings has surrendered their 27.40 lakh GDRs for cancellation and, subsequently, has taken possession of the equivalent corresponding equity shares of the company.
Strides Pharma Science: The company's Singapore unit, Strides Pharma Global, has entered into a binding agreement to sell its manufacturing facility for a consideration of $15 million to Rxilient Biohub.
IRB Infrastructure Developers: The company has emerged as the preferred bidder for the project of tolling, operation, maintenance and transfer of a 316-kilometre highway stretch in the states of Uttar Pradesh and Madhya Pradesh. The IRB Infrastructure Trust is to pay an upfront concession fee of Rs 4,428 crore to NHAI for a revenue-linked concession period of 20 years.
SJVN: The company's unit, SJVN Green Energy, inked an MoU with Norway's Ocean Sun for collaboration in the green and clean energy sector. The unit will develop and finance a pilot membrane-based floating solar project of about 2 MW in India, with Ocean Sun providing patented technological support for the same.
Blue Dart Express: CFO V.N. Lyer resigns w.e.f. Jan. 31, 2024.
Thermax: The company's subsidiary, Thermax Onsite Energy Solutions Ltd., infused an additional Rs 24.94 crore in its step-down subsidiary, Thermax Energy & Environment Lanka Pvt. The additional capital is being infused to meet the fund requirements for the execution of a project.
Grindwell Norton: The company executed a share sale and purchase agreement with Shinagawa Refractories Co. and SG Shinagawa Refractories India Pvt. for the sale of 49% of the equity shares held by the company in SG Shinagawa Refractories India.
State Bank of India: ropes in MS Dhoni as brand ambassador
UltraTech Cement: board Approves the 3rdphase of growth with an investment of ₹13,000 crore towards increasing the capacity by another 21.9 mtpa with a mix of brown field and green field projects
Airtel: collaborates with Microsoft to enable integrated calling through MicrosoftTeams
ICICI Bank: JP Associates in talks over loan recast settlement
Panacea Biotec: launches Paclitaxel Protein-Bound Particles for Injectable Suspension (Albumin-Bound), a generic version of Abraxane in the Canadian market
Kalpataru Projects: DG of GST Intelligence initiated search at certain premises in Gujarat
@daytradertelugu
