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Contact: Daytradertelugu@gmail.com
Oil India: Ajit Chandra Haloi, Executive Director, to superannuate from services on the closure of working hours on Oct. 31.
Tejas Networks: The company received government approval to appoint Anand S. Athreya as Executive Director (Managing Director and CEO Designate) from April 21, 2023 to June 20, 2023 and as Managing Director and CEO from June 21, 2023 to April 20, 2028.
Ethos: The company approved the floor price for its preliminary placement at Rs. 1,627.49 per equity share. The company may offer a discount of not more than 5% on the floor price, as calculated for the issue.
Inox Wind Energy: The company successfully raised Rs 800 crore via the sale of shares of Inox Winds via block deals on stock exchanges. The transaction witnessed strong participation from long-only domestic and foreign institutional investors. It reduced its stake in Inox Wind to 38.4% from 50.2% earlier.
Birlasoft: The company approves an interim dividend of Rs 2.5 per share with a face value of Rs 2 each for FY24. The company also appointed Satyavati Berera as an independent director, not liable to retire by rotation. The appointment is for a period of five years, effective Oct. 31, 2023.
CSB Bank: The company entered into an agreement with Oracle Financial Services Software for the procurement of the new Core Banking Solution (CBS) for the bank.
GR Infraprojects: The company entered into a share purchase agreement with Aadharshila Infratech for the transfer of 21% of the equity shares being held by it to its wholly owned subsidiary, namely Nagaur Mukundgarh Highways Private Limited. NMHPL would cease to be a wholly owned subsidiary of the company.
Power Mech: The company received an award worth Rs 355 crore from Bharat Heavy Electricals. Order related to erection, commissioning and trial at the BHEU client's stores or storage yard, transportation to the site and handing over of the boiler and its auxiliaries, power cycle piping, and steam turbine generators of units 1 and 2 at 2x660 MW NTPC, Talcher, Odisha.
Vardhaman Textiles: Yarn Production in Q2 at 53564 metric tonnes vs. 63406 the previous quarter. Grey fabric production stood at 469 lakh metres vs. 430 in Q1.
Larsen and Toubro: Company to incorporate fabless semiconductor chip arm with Rs 830 crore investment The order book at the end of Q2 stood at Rs 4.51 lakh crore, up 21% YoY. The company appoints Ajay Tyagi as an independent director for five years.
Oberoi Realty: The company's wholly owned subsidiary, Sight Realty, executed a SPA and divested its entire 33% stake in JV Metropark Infratech and Realty Developments for a consideration of Rs 55.19 lakh. The buyer, Dipak Sharma, is an existing shareholder of the JV.
NBCC: The company gets two orders worth Rs 100.79 crore. Order received for LED Flood Light in Dampa Tiger Reserve Forest in Mizoram for Rs 60.79 crore and order for construction of phase A and B works for JNV Khagariya in Bihar for Rs 40 crore.
Aster DM Healthcare: Aster DM Healthcare (Trivandrum), a wholly owned subsidiary of the company, launched Whitefield Hospital, a 506-bed multispecialty hospital at Whitefield, Bengaluru, on Oct. 31. The new hospital will offer Aster’s Centres of Excellence in Oncology, Cardiac Sciences, Neurosciences, Astroenterology, Women and Child Care, and more.
United Spirits: A board-approved multi-year supply chain agility programme is expected to strengthen the end-to-end supply chain, thereby making it fit for the future. As a result, the company has closed factory operations at its manufacturing unit located in Rosa, UP.
KEI Industries: The company has invested approx. Rs 30 crore in phase 1 for capacity addition of LT Power Cable at Silvasa Plant.
360 One Wam: The company incorporates a wholly owned subsidiary, ‘360 ONE Alternates Asset Management Limited, on Oct. 31.
Dhampur Sugar Mills: The company withdraws a writ petition filed by the UP Sugar Mill Association that created a financial liability of Rs 18 crore for the company.
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Tejas Networks: The company received government approval to appoint Anand S. Athreya as Executive Director (Managing Director and CEO Designate) from April 21, 2023 to June 20, 2023 and as Managing Director and CEO from June 21, 2023 to April 20, 2028.
Ethos: The company approved the floor price for its preliminary placement at Rs. 1,627.49 per equity share. The company may offer a discount of not more than 5% on the floor price, as calculated for the issue.
Inox Wind Energy: The company successfully raised Rs 800 crore via the sale of shares of Inox Winds via block deals on stock exchanges. The transaction witnessed strong participation from long-only domestic and foreign institutional investors. It reduced its stake in Inox Wind to 38.4% from 50.2% earlier.
Birlasoft: The company approves an interim dividend of Rs 2.5 per share with a face value of Rs 2 each for FY24. The company also appointed Satyavati Berera as an independent director, not liable to retire by rotation. The appointment is for a period of five years, effective Oct. 31, 2023.
CSB Bank: The company entered into an agreement with Oracle Financial Services Software for the procurement of the new Core Banking Solution (CBS) for the bank.
GR Infraprojects: The company entered into a share purchase agreement with Aadharshila Infratech for the transfer of 21% of the equity shares being held by it to its wholly owned subsidiary, namely Nagaur Mukundgarh Highways Private Limited. NMHPL would cease to be a wholly owned subsidiary of the company.
Power Mech: The company received an award worth Rs 355 crore from Bharat Heavy Electricals. Order related to erection, commissioning and trial at the BHEU client's stores or storage yard, transportation to the site and handing over of the boiler and its auxiliaries, power cycle piping, and steam turbine generators of units 1 and 2 at 2x660 MW NTPC, Talcher, Odisha.
Vardhaman Textiles: Yarn Production in Q2 at 53564 metric tonnes vs. 63406 the previous quarter. Grey fabric production stood at 469 lakh metres vs. 430 in Q1.
Larsen and Toubro: Company to incorporate fabless semiconductor chip arm with Rs 830 crore investment The order book at the end of Q2 stood at Rs 4.51 lakh crore, up 21% YoY. The company appoints Ajay Tyagi as an independent director for five years.
Oberoi Realty: The company's wholly owned subsidiary, Sight Realty, executed a SPA and divested its entire 33% stake in JV Metropark Infratech and Realty Developments for a consideration of Rs 55.19 lakh. The buyer, Dipak Sharma, is an existing shareholder of the JV.
NBCC: The company gets two orders worth Rs 100.79 crore. Order received for LED Flood Light in Dampa Tiger Reserve Forest in Mizoram for Rs 60.79 crore and order for construction of phase A and B works for JNV Khagariya in Bihar for Rs 40 crore.
Aster DM Healthcare: Aster DM Healthcare (Trivandrum), a wholly owned subsidiary of the company, launched Whitefield Hospital, a 506-bed multispecialty hospital at Whitefield, Bengaluru, on Oct. 31. The new hospital will offer Aster’s Centres of Excellence in Oncology, Cardiac Sciences, Neurosciences, Astroenterology, Women and Child Care, and more.
United Spirits: A board-approved multi-year supply chain agility programme is expected to strengthen the end-to-end supply chain, thereby making it fit for the future. As a result, the company has closed factory operations at its manufacturing unit located in Rosa, UP.
KEI Industries: The company has invested approx. Rs 30 crore in phase 1 for capacity addition of LT Power Cable at Silvasa Plant.
360 One Wam: The company incorporates a wholly owned subsidiary, ‘360 ONE Alternates Asset Management Limited, on Oct. 31.
Dhampur Sugar Mills: The company withdraws a writ petition filed by the UP Sugar Mill Association that created a financial liability of Rs 18 crore for the company.
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STOCKS IN ACTION 1 November
SBI: Deputy Managing Director and Chief Risk Officer Sureddi Srinivasa Rao to superannuate from his services at the close of business hours on Oct. 31. Rama Mohan Rao Amara will be entrusted as ‘Deputy Managing Director and Chief Risk Officer’ and will assume charge on Nov. 1.
ITC: The company acquired 2296 equity shares of Rs 10 each of Delectable Technologies. post-acquisition shareholding in the company now stands at 39.32%.
Lupin: The company received an EIR from the U.S. FDA for the Mandideep Unit-2 manufacturing facility. The inspection closed with the facility receiving the classification 'No Action Indicated'.
Tata Consumers: The company will merge three subsidiaries—NourishCo Beverages, Tata SmartFoodz, and Tata Consumer Soulfull Private—with itself. L. Krishnakumar, the Executive Director and Group CFO, resigned effective the close of business hours on Oct. 31, 2023. Navaneel Kar, President and Head of India Sales, submits his resignation w.e.f. Nov. 17. Current Senior CP of Strategy and M&A Punit Gup
GMM Pfaudler: Acquisition of Mixpro delayed by a month to Nov. 30.
SBI Cards: Company and Reliance Retail to roll out Reliance SBI Cards. Cardholders to benefit from Reliance Retail’s presence and large portfolio of brands and SBI Card's value propositions and offers
Mahanagar Gas: M. V. Iyer has ceased to be the Director and Chairman of the Company, w.e.f. Oct. 31. The board appoints Sandeep Kumar Gupta as Non-Executive Non-Independent Director, designated as Chairman of the Company, with immediate effect.
Bharti Airtel: The Department of Tax imposes a penalty of Rs 1.72 lakh for alleged violations of subscriber verification norms. The board approved the appointment of Douglas Anderson Baille as additional director, w.e.f Oct. 31, for a term of five years.
Zee Media: Company to strike off Zee Media Americas LLC, the entity formed by the company to be the wholly owned subsidiary of the company, in the State of Delaware, USA.
Zydus Lifesciences: Parties that entered the Sale and Purchase Agreement previously approved by the board have executed the SPA.
Newgen Software Technologies: The company received a purchase order for the supply, implementation and maintenance of trade finance and supply chain finance solutions. The aggregate value stands at Rs 18 crore, and the order is valid for five years.
Mankind Pharma: The board approves a scheme of amalgamation between Shree Jee Laboratory, JPR Labs and Jaspack Industries, wholly owned subsidiaries of the company, with the company and their respective shareholders and creditors, subject to requisite approvals and consents.
SBI: Deputy Managing Director and Chief Risk Officer Sureddi Srinivasa Rao to superannuate from his services at the close of business hours on Oct. 31. Rama Mohan Rao Amara will be entrusted as ‘Deputy Managing Director and Chief Risk Officer’ and will assume charge on Nov. 1.
ITC: The company acquired 2296 equity shares of Rs 10 each of Delectable Technologies. post-acquisition shareholding in the company now stands at 39.32%.
Lupin: The company received an EIR from the U.S. FDA for the Mandideep Unit-2 manufacturing facility. The inspection closed with the facility receiving the classification 'No Action Indicated'.
Tata Consumers: The company will merge three subsidiaries—NourishCo Beverages, Tata SmartFoodz, and Tata Consumer Soulfull Private—with itself. L. Krishnakumar, the Executive Director and Group CFO, resigned effective the close of business hours on Oct. 31, 2023. Navaneel Kar, President and Head of India Sales, submits his resignation w.e.f. Nov. 17. Current Senior CP of Strategy and M&A Punit Gup
GMM Pfaudler: Acquisition of Mixpro delayed by a month to Nov. 30.
SBI Cards: Company and Reliance Retail to roll out Reliance SBI Cards. Cardholders to benefit from Reliance Retail’s presence and large portfolio of brands and SBI Card's value propositions and offers
Mahanagar Gas: M. V. Iyer has ceased to be the Director and Chairman of the Company, w.e.f. Oct. 31. The board appoints Sandeep Kumar Gupta as Non-Executive Non-Independent Director, designated as Chairman of the Company, with immediate effect.
Bharti Airtel: The Department of Tax imposes a penalty of Rs 1.72 lakh for alleged violations of subscriber verification norms. The board approved the appointment of Douglas Anderson Baille as additional director, w.e.f Oct. 31, for a term of five years.
Zee Media: Company to strike off Zee Media Americas LLC, the entity formed by the company to be the wholly owned subsidiary of the company, in the State of Delaware, USA.
Zydus Lifesciences: Parties that entered the Sale and Purchase Agreement previously approved by the board have executed the SPA.
Newgen Software Technologies: The company received a purchase order for the supply, implementation and maintenance of trade finance and supply chain finance solutions. The aggregate value stands at Rs 18 crore, and the order is valid for five years.
Mankind Pharma: The board approves a scheme of amalgamation between Shree Jee Laboratory, JPR Labs and Jaspack Industries, wholly owned subsidiaries of the company, with the company and their respective shareholders and creditors, subject to requisite approvals and consents.
