STOCKS IN ACTION 26 MARCH

ICICI Securities: The company received a warning from SEBI after an inspection of its books and records for merchant banking activities.

UltraTech Cement: The company commissioned 1 MTPA brownfield cement capacity at the Uttarakhand unit. The total unit capacity is now at 2.1 MTPA.

JSW Energy: The company's step-down unit is in a pact with Reliance Power to acquire a 45 MW wind power project in Maharashtra for Rs 132 crore.

Lupin: The company to sell-trade generics businesses in India to arm for Rs 100-120 crore on a slump sale basis.

Sanghi Industries: Promoter Ambuja Cements sold a 2% stake in the company for Rs 258 crore
The promoter's stake currently stands at 60.44%.

Eicher Motors: The company incorporated its wholly owned subsidiary in the Netherlands, named
Royal Enfield Europe BV.

Dr Reddy's Laboratories: The company has entered into a licence agreement with Pharmazz to commercialise the first-in-class innovative drug Centhaquine in India.

UNO Minda: The company has entered into a technical licence agreement with Starcharge Energy to manufacture and sell electric vehicle supply equipment in India.

Schaeffler India: The company has reappointed Harsha Kadam as the managing director and chief executive officer for three years, effective from Oct. 1.

Raymond: The board approved selling the entire investment in wholly owned subsidiaries
Raymond Apparel and Ultrashore Realty for a consideration of Rs 1.26 crore.

Garden Reach Shipbuilders & Engineers: The company has signed a contract worth Rs 26.45
crore with the Ministry of External Affairs for a fast patrol vessel.

Exide Industries: The company made an investment of Rs 110 crore in arm Chloride Metals via rights basis.

Medplus Health Services: The company has received a temporary suspension order for two of its stores.

Hindustan Aeronautics: The company has received an order worth Rs 194 crore from the Guyana
Defence Force.

Maruti Suzuki India: The company recalls 11,185 units of the Baleno and 4,190 units of the Wagon R on a possible fuel pump motor defect. It also agreed to acquire a 6.44% stake in Amigo Labs for Rs 1.99 crore.

Reliance Industries: The company acquired a 100% stake in MSKVY Nineteenth Solar SPV and
MSKVY Twenty-second Solar SPV from MSEB Solar Agro Power.

Mangalore Refinery and Petrochemicals: The board has approved the acquisition of 1.35 crore shares of Mangalore SEZ for Rs 47.18 crore from IL&FS. The company's stake in Mangalore SEZ is expected to increase from 0.96% to 27.92% post-acquisition.

Hinduja Global Solutions: The company entered into an agreement to sell its optical fibre assets to its subsidiary, Indusind Media and Communications for Rs 208.04 crore

RailTel: receives work order worth over ₹36.35 crore for VMWare virtualisation licences

Tech Mahindra: to merge arm Born Group, Inc., with its parent company, Tech Mahindra (Americas) Inc. The merger is subject to regulatory approvals in the country of incorporation

Maruti Suzuki: invests ₹1.99 crore in AI and machine learning startup Amlgo Labs, to own 6.44% equity

Zydus Life: gets tentative approval from US FDA for Letermovir Tablets, 240 mg & 480 mg

Puravankara: launches a residential project ‘Purva Kensho Hills’ in Bengaluru, Karnataka

Bajaj Auto: to launch CNG-run motorcycle in June 2024, says no plans to make cars or enter racing

Exide: subsidiary Chloride Metals faces ₹133-crore income tax demand for FY22-23

Maruti Suzuki: recalls 11,851 units of Baleno & 4,190 units of WagonR on possible defect in a part of fuel pump motor manufactured between July 30, 2019 & November 1, 2019

Ambuja Cements: sells 2% stake in co for ₹258.32 crore. With this, Ambuja Cements stake in co came down to 60.44% from 62.44%