STOCKS IN ACTION 29 DECEMBER

Punjab National Bank: The bank approved raising up to Rs 7,500 crore in one or more tranches during the next financial year.

Swan Energy: The company approved raising Rs 4,000 crore via multiple instruments.

RBL Bank: ICICI Prudential AMC and ICICI Prudential Life received RBI's nod to acquire aggregate holdings of up to 9.95% in the two lenders.

Federal Bank, Equitas Small Finance Bank: The RBI approved ICICI Prudential Asset Management Company to acquire up to a 9.95% stake in the company.

Oil Marketing Companies: As per reports, state-run OMCs are likely to announce cuts in petrol and diesel prices.

ICICI Lombard General Insurance: The company received a Rs 1,728 crore demand from the GST
Authority and a penalty of Rs 172 crore for the period July 2017 to March 2022. The company said it will file an appeal.

Thermax: The company has completed the transfer of lease hold rights to a vacant plot situated at MIDC Industrial Area Chinchwad, Pune, measuring 57482 sq. metres, for a consideration of Rs 135.66 crore.

Tata Coffee, Tata Consumer Products: The scheme of arrangement between Tata Coffee, Tata Consumer Products, and its wholly-owned subsidiary, TCPL Beverages and Foods, will be effective from Jan. 1, 2024. The scheme involves the demerger of Tata Coffee's plantation business into TCPL Beverages & Foods and the merger of the remaining business with Tata Consumer Products.

D B Realty: The company approved providing a corporate guarantee of Rs 45 crore to Capri Global Capital in respect of the term loan facility granted by Capri Global Capital to the company's subsidiary, Esteem Properties.

Aditya Birla Fashion and Retail: The company raised its stake in unit Finesse International Design to 63.5% from 58.7% for Rs 20 crore.
Info Edge India: The company will invest Rs 25 crore in Zwayam Digital, a wholly owned subsidiary.

The Ramco Cements: The company has approved to acquire the shares of its arm, Ramco Industries, from Promoter Group Nalina Ramalakshmi for Rs 16 crore in one or more tranches.

Kama Holdings: The promoter has sold 17,234 shares (0.05%) in the open market to achieve a minimum public shareholding of 75%.

Satin Creditcare Network: The company entered into a master agreement for the co-lending of loans to microfinance borrowers by way of a co-lending module in tranches with Karnataka Bank.
A ratio of 80:20 will be funded by the bank and the company, respectively.

RedTape: The company has entered into a strategic, marketing and technical tie-up with Open Network for Digital Commerce (ONDC) for marketing its products.

Waaree Renewables: The company has signed a collaboration agreement with 5B Maverick Services to accelerate the deployment of utility-grade solar power, both domestic and international.

Lemon Tree Hotels: The company has signed a franchise agreement for an upcoming hotel in Mussoorie, Uttarakhand, under the company's brand, 'Lemon Tree Hotel'.

Power Mech Projects: CFO J. Satish has resigned from the position and Nani Aravind Nallamothu has been appointed for the same position.

PCBL: The company has incorporated Advaya Chemicals as a wholly owned subsidiary.

UPL: The company incorporated a new subsidiary in Saudi Arabia for its chemical manufacturing business.

India Shelter Finance: The company reported a net profit of Rs 60 crore in Q2, up 67.1% year-on-year. The company also earned an interest of Rs 167.9 crore in 02 FY24 as against Rs 118 crore in Q2 FY23, up 42% YoY.

Bank Of Baroda raises InterestRates on retail term deposits for various tenors by up to 125 bps

Tata Steel: Uttar Pradesh State Pollution Control Board imposes an environmental damage compensation of ₹6,75,000

Aarti Drugs: SEBI has sent an administrative warning over the non-disclosure of plant closures in April 2022.

@daytradertelugu