STOCKS IN ACTION 26 October

Tech Mahindra: The board approved the merger of three of the company's wholly owned subsidiaries with itself. Perigord Premedia India, Perigord Data Solutions India, and Tech Mahindra Cerium will be incorporated under the rearrangement scheme.

Share India Securities: The board approved the proposal for the amalgamation of Silverleaf Capital Services as a going concern with the company.

SH Kelkar and Co: The company has invested 4.99 million euros in its Europe subsidiary, Keva Europe BV. The investment was made by subscribing to 1.39 million equity shares at 3.59 euros per share.

Samvardhana Motherson International: The company has initiated phased operational reconfiguration of a few of its European units. The operational reconfiguration entails a one-time cost of 25–30 million euros.

Karnataka Bank: The bank has entered into a partnership agreement with Vakrangee for providing business correspondent banking services through Vakrangee Kendra outlets on a pan-India basis.

Hero Motocorp: The company has made an investment of Rs 15 crore by way of a rights issue in its subsidiary company, HMC MM Auto. The company's shareholding in its unit has increased from 60% to 66.32%.

INDUSIND BANK:
Promoter Hinduja's confirm plan to hike stake in the Bank

RBL BANK: LARGE TRADE
BNP PARIBAS ARBITRAGE
Net SELL 31,81,690 Shares @ Rs 230.9/ Share

INDIABULLS HOUSING FINANCE: LARGE TRADE
CAPRI GLOBAL HOLDINGS PRIVATE LIMITED SELL 25,37,000 Shares @ Rs 157.8/ Share

SOMANY CERAMICS: Boardmeet To Consider BuyBack Proposal

KOLTE PATIL: Boardmeet
To Consider Fund Raising Via Debt Securities

AFFLE INDIA: Boardmeet To Consider Raising of Funds Via Preferential Issue of Shares/ Securities

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