STOCKS IN ACTION 13 DECEMBER

Indian Bank: The bank opened its qualified institutional placement to raise up to Rs 4,000 crore.
The floor price for the QIP is set at Rs 414.44 per share, which indicates a discount of 5.28% to the stock's previous close of Rs 437.55 on the NSE.

Reliance Industries: The company invested Rs 418 crore in five subsidiaries of Mercury Holdings.
Mercury Holdings is a joint venture between Brookfield Infrastructure and Digital Realty.

Shilpa Medicare: The company received approval from TGA, Australia, for the manufacturing, labelling, packaging, and testing of medicinal oral mouth-dissolving films.

UNO Minda: The National Company Law Tribunal has sanctioned the scheme of amalgamation of Minda iConnect Private with itself, formerly known as Minda Industries Ltd.

Cummins India: The company collaborated with Repos Energy and launched DATUM, an innovative fuel management system for diesel applications.

Bank of Baroda: The bank's capital-raising committee will be meeting on Dec. 15 to discuss fundraising.

Laurus Labs: The U.S. FDA inspection at the Andhra Pradesh plant between Dec. 4 and Dec. 12
ended with five observations.

Wipro: The IT major and RSA signed a new multi-year contract to accelerate RSA's cloud migration.

KIOCL: The company has temporarily suspended Mangalore plant operations due to the non-availability of iron-ore fines.

Shalby: The company is availing of an enhanced and renewed SBLC facility of Rs 1,700 million from ICIC Bank to guarantee the scheduled principal and interest payments of the step-down subsidiary of the company under the working capital facility arrangement sanctioned by IBG- New York Branch.

Zydus Wellness: The company's arm, Heinz India, gets an assessment order worth Rs 5.66 crore from the Punjab Tax Authority for FY2016-17.
Axita Cotton: The company has fixed Dec. 25 as the record date for the issue of bonus shares in the ratio of 1:3.

Life Insurance Corporation of India: The company increased its stake in Atul from 4.997% to 5.117%.

Allcargo Terminals: The company's November CFS volume stood at 47.1 TEUs, up 2% year-on-year.

Infibeam Avenues: The company announced that its flagship payment gateway brand, CCAvenue, is gearing up to introduce Bandhan Bank's EMI facilities to over 10 million merchants.

Cyient: The company inaugurates the CyientiflQ Experience Centre, an immersive showcase of intelligent engineering and technology solutions in action.

Jammu & Kashmir Bank: The bank will consider raising funds in its board meeting on Dec. 14.

Orient Green Power: The company will consider raising funds in its board meeting on Dec. 15.

ShilpaMedicare: Unit VI, Dabaspet, Bengaluru gets TGA, Australia approval for manufacture, labeling, packaging and testing of medicinal Oral Mouth Dissolving Films (Wafers)

Equitas Small Finance Bank: appoints Ashwini Biswal as Chief Compliance Office w.e.f. January 28, 2024

ZEE ENTERTAINMENT ENTERPRISES: LARGE TRADE PLUTUS WEALTH MANAGEMENT LLP Bought 90 Lakh Shares Rs 292.34/ Share

KARUR VYSYA BANK:
LARGE TRADE SBI Mutual Fund Bought 45 Lakh Shares Rs 162/ Share

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