Biocon: Subsidiary Biocon Generics has acquired Eywa Pharma's oral solid dosage manufacturing facility in New Jersey, U.S. for $7.7 million (around Rs 64 crore). The facility has a potential for capacity expansion up to two billion tablets/capsules per year.

JSW Steel: The steelmaker surrendered its Jajang iron ore block located in Keonjhar, Odisha citing uneconomic operations. The surrender is subject to the government’s approval. The company had four iron ore mining leases in Odisha acquired through auction in 2020.

Rail Vikas Nigam: The company won a Rs 282 crore order from Madhya Gujarat Vij (MGVCL) for full Turnkey contract (design, supply and installation) for development of distribution infrastructure work for loss reduction at Dahod. The duration of the contract is 31 months.

ICICI Bank and ICICI Lombard General Insurance: ICICI Bank received an IRDAI nod for increasing its stake in ICICI Lombard General Insurance by 4%, thus making it a subsidiary of the company. The lender will have to increase its stake in the insurance company in one or more tranches latest by Aug. 31, 2024.

Mindspace Business Parks REIT: Company has acquired 0.24 million square feet of leasable office space at Commerzone Porur in Chennai for Rs 181.6 crore as part of its expansion plan. Mindspace REIT, through its asset special purpose vehicle, now owns 100% of the project with a total leasable area of about 1.1 million square feet.

Mishra Dhatu Nigam: The company said that it supplied specialised metals and alloys used in Aditya-L1 launcher vehicle.

PAYTM: Change in Significant Beneficial Ownership Antfin's shareholding in the Company has reduced from 23.79% to 9.90% of the total equity share capital Accordingly, no person affiliated with Antfin will qualify as a Significant Beneficial Owner of the Co

SHILPA MEDICARE: Gets Marketing Authorization From MHRA, UK, For Betahistine Dihydrochloride Orodispersible Films, 24 mg

VENUS PIPES: Arun Axaykumar Kothari Resigns As CFO Of The Co w.e.f. September 1, 2023
Compnay Appoints Arun Axaykumar Kothari As A Chairperson Of The Board
Appoints Kunal Bubna As CFO Of The Co w.e.f. September 2, 2023

PARAS DEFENCE: Patent Office, Government of India has granted 3 individual patents for the design of the products
1⃣. Electromagnetic Pulse Protected Rack
2⃣. Shock/Vibration Heavy Duty Console
3⃣. EMP Protected Rugged Display

GMR POWER AND URBAN INFRA: BAGS ORDER
Arm Receives Letter of Award worth Rs 5123.4 Crores from Purvanchal Vidyut Vitran Nigam In UP

EICHER MOTORS:
AUGUST AUTO SALES
Total Sales @ 77,583 Units
Up 11% Vs 70,112 Units (YoY)
Awaaz Anumaan Was 4.7 Lakh Units
Exports Up 13% At 8,090 Units Vs 7,220 Units (YoY)

COAL INDIA: AUGUST UPDATES Logs 15.3% supply growth in August’23; output rises 13.2%

RITES: Nippon Mutual Fund Sold 5.03 Lakh Shares or 0.20% Stake Via Open Market Reduces Holding from 4.46% to 4.25%

KHADIM INDIA: Boardmeet Postponed - Will be updated in due course
(Had intimated that a Board Meeting will be convened on September 08 for consideration and approval of Scheme of Arrangement relating to the Demerger of the Distribution Business)

MIDHANI: ADITYA L-1
Contribution through supply of Specialized Metals & Alloys
MIDHANI’s critical materials have been used in the Aditya-L1 launcher vehicle PSLV-C57 and many more components (The launcher was built with MIDHANI critical materials)

MOIL: AUGUST UPDATES
Delivers best August production since inception, registering a growth of 53% YoY Sales of 1.11 lakh tonnes for the month, which is more than double than August, 2022

MAHARASHTRA SEAMLESS: BAGS ORDER
Company has received orders with cumulative basic value of Rs. 157 crores approx. from Oil India Ltd. and IOCL Ltd. for supply of seamless pipes

HP ADHESIVES: Boardmeet
To Consider Sub-Division/ Splitting of Equity Shares (Current Face Value of Rs 10)

STOCKS IN ACTION 4 SEPTEMBER

Bharat Electronics: The company is in pact with Israel Aerospace Industries to collaborate on short range air defense systems.

IDBI Bank: The Department of Investment and Public Asset Management has invited bids for asset valuers for the bank. The bids are expected to be submitted by Oct. 9. The asset valuer will work closely with transaction adviser and legal adviser. The government is looking to sell 30.48%, while Life Insurance Corp. of India is looking to offload 30.24% of its stake in IDBI Bank, along with the transf

ONGC: The board has approved capital restructuring of ONGC Petro additions (OPAL). It includes buyback of convertible debentures of Rs 7,778 crore by ONGC and an investment of Rs 7,000 crore in equity/quasi-equity security of OPaL.

Coal India: The state-run miner's production rose 13.2% year-on-year to 52.3 million tonnes in August 2023. Comparative production for the month surged ahead by 6.1 MTs. Total coal supplies to all consuming sectors shot up by 15.3% to 59 MTs in August 2023. Supplies were up nearly 8 MTs in a single month.

Hero MotoCorp: The company's sales rose 5.4% year-on-year to 4.89 lakh units in August. Domestic sales rose 4.7% to 4.73 lakh units while exports rose 24.7% to 15,770 units.

Eicher Motors: The company's total motorcycle sales rose 11% year-on-year to 77,583 units helped by new launches such as the Hunter 350. Exports was up by 13% to 8,190 units.

Infosys: The IT major completed the acquisition of Danske Bank’s IT centre in India. Danske Bank selected Infosys as a strategic partner to accelerate digital transformation initiatives with speed and scale.

Hindalco Industries: The company has entered into a shareholder’s agreement and power purchase agreement with Seven Renewable Power for acquisition of 26% stake in SRPPL for Rs 32.5 lakh. It plans to develop and operate captive power plant to supply 100 MW round-the-clock renewable energy to its smelter located in Odisha.

C.E. Info system: The company acquired 35,000 CCPS at Rs 2,571 apiece constituting 18.62% on fully diluted basis of Kogo Tech Labs aggregating to around Rs 9 crore. The total shareholding shall become 39.89% on a fully diluted basis.

Tata Power: The company's unit Tata Power Renewable Energy signed a Power Delivery Agreement of group captive project for 6 MW AC with Chalet Hotels. The plant will generate 13.75 million units of clean energy from renewable sources under this arrangement.

Chalet Hotels: The company will acquire a 26% stake in TP Agastaya and set up of a group captive solar power plant in Maharashtra.

Lemon Tree Hotels: The company has signed a License Agreement for an 80-room property in Dehradun, Uttarakhand under the brand “Lemon Tree Premier”. The hotel is expected to be operational by Q3 of FY25.

Delta Corp: The company approved the voluntarily strike off of subsidiary Delta Offshore Developers, Mauritius. The striking off process will be undertaken as per the laws of Mauritius. It also approved the incorporation of Deltin Foundation, along with Highstreet Cruises and Entertainment.

Lupin: The drugmaker completed the acquisition of French pharma firm Medisol, following regulatory approval.

Mahindra & Mahindra: The company entered into an Asset Transfer Agreement and a Business Transfer Agreement with unit Mahindra Last Mile Mobility for transfer of identified assets and business pertaining to the Last Mile Mobility Business to MLMML.

Deepak Fertilisers: The company has signed two gas purchase agreement with GAIL (India) for the next three years with a gas basket consisting of a combination of Brent, HH and domestic linked.

Kotak Mahindra Bank: Uday Kotak resigned as MD and CEO effective Sept. 1, four months ahead of his retirement. Dipak Gupta, joint managing director of the private lender will conduct the duties of MD and CEO, until Dec 31, when a new CEO will be appointed.