STOCKS IN ACTION 10 JULY

Reliance Industries: The conglomerate will reduce equity share capital held by shareholders in Reliance Retail Ltd. other than its promoter and holding company, Reliance Retail Ventures. The shares held by such shareholders shall be cancelled and extinguished upon reduction. A consideration of Rs 1,362 per share will be paid towards the capital reductio

Vedanta: The company has acquired two units of Twin Star Technologies, Vedanta Foxconn Semiconductors and Vedanta Displays, via share transfer, thus adding semiconductors and display glass ventures to its portfolio. The share purchase price of Vedanta Displays has a face value of Rs 5 lakh. The share purchase price of Vedanta Foxconn is at a face value of Rs 5 lakh, including net operating liabili

Indian Oil Corporation: The company has agreed to raise capital up to Rs 22,000 crore by issuing equity shares on a rights basis. Separately, it inked a pact with Sun Mobility Singapore to form a 50:50 joint venture for the battery swapping business. Indian Oil will invest Rs 1,800 crore in equity till fiscal 2026–27. It will also invest $78.31 million in IOCL Singapore for the purchase of prefere

Samvardhana Motherson International: The company has inked a contract to acquire a 100% stake in Rollon Hydraulics. The business will be housed under the company's precision metals and modules division.

Aurobindo Pharma: The company’s unit, CuraTeQ Biologics, has inked an exclusive licencing agreement with U.S.-based BioFactura Inc. to sell the BFI-751 biosimilar. BFI-751 is a proposed biosimilar of Ustekinumab, which is a recombinant monoclonal antibody sold under the brand Stelera. It is used to treat Crohn's disease, ulcerative colitis, plaque psoriasis, and psoriatic arthritis. BioFactura wil

ITC: The conglomerate clarified a media report regarding the demerger of the hotel business. It said the company remains committed to implementing its 'asset-right' strategy with respect to the hotel business. It is committed to focusing on sweating existing assets, creating additional revenue streams, and pursuing alternate structures to enhance growth and value. ITC said it will inform regarding

Suzlon Energy: The board of Suzlon Energy has approved a fund raising of Rs 2,000 crore via equity and debt instruments. Fundraising is subject to the approval of shareholders.

Tata Motors Group Q1 Update (Year-on-year) Total global wholesales, including Jaguar Land Rover, rose 5% to 3.22 lakh. Global wholesales of commercial vehicles and Tata Daewoo fell 15% to 88,456. Global wholesales of passenger vehicles rose 8% to 1.40 lakh. Global wholesales for Jaguar Land Rover were 93,253 vehicles. Jaguar wholesales for Q1 were 10,324 vehicles, while Land Rover wholesales for t

Sula Vineyards Q1 Update (Year-on-year) The company’s own brand sales went up 24% YoY, led by premiumisation The company estimates its net revenues will grow by 17%. Elite, premium wines drove sales of the winemaker’s own brands, with the segment estimated to grow 24% to Rs 103.5 crore. The company sold off its lowest-priced Heritage brand, which was only available in Karnataka. The wine tourism

FSN E-Commerce Ventures Beauty and personal care category consumption remains strong despite a slowdown in discretionary spends Expect the beauty and personal care segment to grow in the early twenties on a YoY basis in Q1. Discretionary spending will improve with the revival of seasonal demand. Nykaa Fashion's net sales value for the quarter is expected to grow in low to mid-teens on YoY basis. F