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Contact: Daytradertelugu@gmail.com
STOCKS IN ACTION 7 DECEMBER
Bharat Electronics: The company received orders worth Rs 3,915 crore for the supply of various defence equipment.
Ircon International: Government to sell an 8% stake via OFS at a floor price of Rs 154 per share, 4% of which includes base size and green shoe of 4%. OFS to non-retail to open on Dec. 7 and for retail on Dec. 8.
Delta Corp: The High Court of Calcutta has granted interim relief to subsidiary Deltatech Gaming of Rs 6,384 crore for which a GST notice was sent in October.
Network18 Media & Investments: The company will merge its television and digital news businesses with itself. Under the scheme of amalgamation, TV18 Broadcast shareholders will get 100 fully paid-up equity shares of Rs 5 each of Network18 for every 172 equity shares held in the broadcast company.
Dr. Reddy's Laboratories: The drugmaker and Coya Therapeutics entered into a collaboration for the development and commercialization of COYA 302, an investigational combination therapy for the treatment of Amyotrophic Lateral Sclerosis. The company will make an upfront payment of $7.5 million to Coya for the development and commercialisation deal, and the company will obtain commercialization rights for COYA 302 in the U.S., Canada, the EU, and the U.K.
One 97 Communications: The company expands its credit distribution business to enhance focus on higher-ticket loans for consumers and merchants in partnership with banks and NBFCs.
Adani Ports and Special Economic Zone: The company will consider a proposal to raise funds through a bond issue in its board meeting on Dec. 12.
Vedanta: The company's subsidiary Hindustan Zinc Board approved a second interim dividend of Rs 6 per equity share for FY24, amounting to Rs 2,535 crore.
Hindustan Unilever: The board approved the appointment of Tarun Bajaj as an independent director.
IDFC First Bank: Madhivanan Balakrishnan resigned as Executive Director w.e.f. Dec. 6.
Rites: The company signed an MoU with Meghalaya Industrial Development Corp. for developing multi-modal logistics projects.
Brigade Enterprises: The company signed a joint development agreement for office space in Bangalore with a development value of Rs 500 crore.
PVR-INOX: The company opened a 4-screen multiplex at Gwalior; with this, the company now operates the largest multiplex network with 1,709 screens across 358 properties in 113 cities.
Alok Industries: The company entered into facility agreements with SBI to avail of a Rs 1,750 crore loan to repay existing debt and a Rs 90 crore loan to meet working capital requirements.
Sharda Cropchem: Appointed Shailesh Anant Mehendale as CFO w.e.f. Dec. 6.
Jtekt India: The company has approved capacity expansion for MS-Gear Line from 2.0 million to 2.4 million.
IDFC First Bank :Cloverdell Investment (Warburg Pincus) likely to sell 1.3% stake in IDFC First Bank via block deal, sources to
IRCON: Government to sell 8% stake in IRCON via offer for sale (OFS), floor price at ₹154/share
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Bharat Electronics: The company received orders worth Rs 3,915 crore for the supply of various defence equipment.
Ircon International: Government to sell an 8% stake via OFS at a floor price of Rs 154 per share, 4% of which includes base size and green shoe of 4%. OFS to non-retail to open on Dec. 7 and for retail on Dec. 8.
Delta Corp: The High Court of Calcutta has granted interim relief to subsidiary Deltatech Gaming of Rs 6,384 crore for which a GST notice was sent in October.
Network18 Media & Investments: The company will merge its television and digital news businesses with itself. Under the scheme of amalgamation, TV18 Broadcast shareholders will get 100 fully paid-up equity shares of Rs 5 each of Network18 for every 172 equity shares held in the broadcast company.
Dr. Reddy's Laboratories: The drugmaker and Coya Therapeutics entered into a collaboration for the development and commercialization of COYA 302, an investigational combination therapy for the treatment of Amyotrophic Lateral Sclerosis. The company will make an upfront payment of $7.5 million to Coya for the development and commercialisation deal, and the company will obtain commercialization rights for COYA 302 in the U.S., Canada, the EU, and the U.K.
One 97 Communications: The company expands its credit distribution business to enhance focus on higher-ticket loans for consumers and merchants in partnership with banks and NBFCs.
Adani Ports and Special Economic Zone: The company will consider a proposal to raise funds through a bond issue in its board meeting on Dec. 12.
Vedanta: The company's subsidiary Hindustan Zinc Board approved a second interim dividend of Rs 6 per equity share for FY24, amounting to Rs 2,535 crore.
Hindustan Unilever: The board approved the appointment of Tarun Bajaj as an independent director.
IDFC First Bank: Madhivanan Balakrishnan resigned as Executive Director w.e.f. Dec. 6.
Rites: The company signed an MoU with Meghalaya Industrial Development Corp. for developing multi-modal logistics projects.
Brigade Enterprises: The company signed a joint development agreement for office space in Bangalore with a development value of Rs 500 crore.
PVR-INOX: The company opened a 4-screen multiplex at Gwalior; with this, the company now operates the largest multiplex network with 1,709 screens across 358 properties in 113 cities.
Alok Industries: The company entered into facility agreements with SBI to avail of a Rs 1,750 crore loan to repay existing debt and a Rs 90 crore loan to meet working capital requirements.
Sharda Cropchem: Appointed Shailesh Anant Mehendale as CFO w.e.f. Dec. 6.
Jtekt India: The company has approved capacity expansion for MS-Gear Line from 2.0 million to 2.4 million.
IDFC First Bank :Cloverdell Investment (Warburg Pincus) likely to sell 1.3% stake in IDFC First Bank via block deal, sources to
IRCON: Government to sell 8% stake in IRCON via offer for sale (OFS), floor price at ₹154/share
@DAYTRADERTELUGU
