STOCKS IN ACTION 3 AUGUST

Unichem Laboratories: Promoter Prakash A. Mody sold a 33.4% stake for Rs 945.35 crore to Ipca Laboratories via the block deal mechanism. Ipca Laboratories has made an open offer to the company's public shareholders to acquire another 26% stake at Rs 440 apiece, aggregating to Rs 805.44 crore.

Vedanta: Twin Star Holdings is likely to sell a 4.3% stake via a block trade, seeking at least Rs 4,136 crore. The shareholder may sell 16 crore shares at a floor price of Rs 258.5 apiece, representing a discount of 5% on Wednesday's closing price.

Gujarat Gas: The company will buy a 7.87% stake in GSPC LNG for Rs 100 crore.

UltraTech Cement: The company will acquire a 26% stake in VEH Radiant Energy for Rs 15.10 crore. It has signed a share subscription and shareholder agreement as well as an energy offtake agreement with VEH Radiant Energy.

Mining companies: Both houses of Parliament have cleared the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, which opens up deep-seated minerals like lithium mining to private players.

JSW Steel: The company signed a joint-venture deal with Japan's JFE Steel to produce cold-rolled grain-oriented silicon steel. The project cost is Rs 5,500 crore and will be financed by a mix of equity and debt.

Hindalco Industries: The company has won the bid to mine the Meenakshi West coal mine in Odisha.

Sheela Foam: The board approved raising up to Rs 1,200 crore via Qualified Institutional Placement. It also approved raising Rs 600 crore via the private placement of non-convertible debentures.

NTPC: The company's subsidiary, NTPC Mining, has won the bid to mine the North Dhadu coal mine in Jharkhand.

Torrent Power: The company has incorporated its unit, Torrent Green Energy Pvt., to carry on business in the electricity generation from renewable energy industries. It has yet to commence operations.

Central Bank of India: The company appointed Dr. Bhaskar Gorugantu as the Chief Risk Officer with effect on Aug. 3 after Ashwini Kumar Shukla

Asian Energy Services: The company received a Letter Of Authorisation from Gail India for the hiring of services for the acquisition of seismic data in Block RJONHP20211 in Rajasthan. The value of the LOA is Rs 16.69 crore, and the contract duration is six months.

Narayana Healthcare: Four independent directors to retire with effect from Aug. 7.

Oil India: The company's wholly owned subsidiary, Oil India International, was allowed voluntary liquidation by NCLT order.

Interglobe Aviation: The Board approved the incorporation of a limited liability partnership for Rs 7 crore, which will be completed in three years.

Gujarat Gas to buy 7.67% stake in GSPC LNG for 100 Cr

Bain Capital offers 7.9 crore L&T Finance shares in block trade

Vedanta promoter Twinstar likely to sell 16 crore shares via block deals on Thursday

DrReddy’s: Mukesh Rathi resigns from the position of Chief Information Officer

@daytradertelugu