Adani Power: Ardour Investment Holding acquired 1.93% between Sept. 26 and Nov. 16. Emerging market Investment DMCC acquired 0.13% on Sept. 29. Promoters now hold 71.14% of the company.

Elecon Engineering: Elecon Middle East FZCO, Dubai, has incorporated its wholly owned subsidiary, 'Elecon Radicon Africa'.

Newgen Software: The board on Nov. 27 will consider and recommend a proposal for the issue of bonus shares.

Tamilnad Mercantile Bank: ED orders the bank to transfer the 3.31% stake held by MGM Maran in favour of the Director of Enforcement. The ED had attached assets worth Rs 205 crore to MGM Maran and his associates under PMLA in 2016.

BhartiAirtel: Department Of Telecom, Hyderabad, imposes penalty of ₹1,07,000 on company for alleged violation of subscriber verification norms

South Indian Bank: hikes lending rates by 5 bps across tenures w.e.f. November 20, 2023

Softbank: sells 1.83 cr shares of Delhivery at an avg price of Rs 403.51/sh

Cipla: gives guarantee of ZAR 945 million to First Rand Bank, South Africa
Guarantee for extending general banking facilities to subsidiary Medpro Pharma

SATIN CREDITCARE:
Boardmeet To Consider Fund Raising Via NCDs

RATEGAIN TRAVEL TECHNOLOGIES:
Boardmeet To Consider and determine the issue price for QIP

OBEROI REALTY:
Executes an Agreement for Sale with Ireo Residences and others for acquiring land admeasuring approx 14.816 Acres at Sector 58, Gurugram, Haryana
Consideration for the transaction is in the form of event/ time linked monetary consideration of upto Rs 597 Crore Company’s entitlement from the project at full potential estimated upto 2.6 Million square feet of FAR
Transaction marks the Company’s foray into the NCR region Intends to primarily develop a luxury residential group housing project on the said land

ZEN TECHNOLOGIES:
SECURES NEW ORDER
Announces the receipt of an export order valued at US $ 5.12 Million (Approximately Rs 42 Crores) Order comprising state-of-the-art simulators, is from a friendly nation

KAYNES TECHNOLOGY INDIA:
Board Approves Raising Funds Upto Rs 1400 Crores Via Preferential Allotment/ QIP/ Rights Issue/ FPO

BIRLA CORPORATION:
GETS API LICENCE
Informs that the American Petroleum Institute grants License to the Company’s Cement Plant at Chanderia namely, Birla Cement Works, to use official API monogram on manufactured products viz. API Well Cement Class G w.e.f. 17th November, 2023
Company intends to participate in the tender process to cater to the needs of the oil exploration entities

DELHIVERY:
LARGE TRADE SVF DOORBELL (CAYMAN) LIMITED SELL 1,83,05,480 Shares @ Rs 403.51/ Share

JINDAL STAINLESS:
LARGE TRADE HYPNOS FUND LIMITED SELL 17,50,000 Shares @ Rs 477.25/ Share Promoter JSL OVERSEAS LIMITED
BUY 17,50,000 Shares

VEDANTA: CRISIL DOWNGRADES
Crisil Ratings has downgraded its ratings on the longterm bank facilities and debt instruments of the Company to ‘CRISIL AA-’ from ‘CRISIL AA’
And placed these ratings on ‘Rating Watch with Developing Implications’ from ‘Rating Watch with Negative Implications’

@daytradertelugu

STOCKS IN ACTION 20 NOVEMBER

Larsen & Toubro: Qatar's General Tax Authority has imposed a penalty of Rs 111.31 crore for 2016–2017 and Rs 127.64 crore for 2017–2018. An appeal has been filed against the levy of this penalty, as the company believes it is arbitrary and unjustified.

RITES: RITES emerged as the lowest bidder in two tenders from CFM Mozambique. Out of the two tenders, one is for the supply of 10 diesel electric locomotives with incidental service of Rs 3.7 crore, and the other is for the supply of 300 high-side wagons.

Bajaj Finance: The company stopped sanctioning and disbursing loans under its two lending products, namely, ‘eCOM’ and ‘Insta EMI Card’, until the deficiencies observed by the RBI were rectified to their satisfaction.

Sterling And Wilson: Disputes between Sterling and Wilson International FZE, Dubai and Jinko Solar have been amicably settled.

Dalmia Bharat Sugar: The company informed that there is disruption of operations at Kolhapur and Ninaidevi units in Maharashtra due to farmers' agitation. Consequentially, there could be a material impact. The company said it is taking all possible steps to restore normalcy.

SBI Cards and Payment Services: The capital adequacy is expected to decline by 400 basis points on account of the RBI's revised credit risk weights. The bank is well capitalised as of now and well above the regulatory guideline of 15%. It has enough sources and a diversified lender base to manage its impact, and it doesn't foresee a significant impact on the cost of funds during this fiscal

IndusInd Bank: The RBI has approved the appointment of Arun Khurana as whole-time executive director for a period of three years with effect from Nov. 16.

Remsons Industries: The company will consider and approve the proposal for raising funds by way of the issuance of equity shares or any other eligible securities/warrants convertible.

Aurobindo Pharma: A USFDA inspection at its facility in Telangana from Nov. 13 to 17 closed with zero observations and a classification of 'No Action Indicated'.

Exide Industries: The company settled the chloride trademark dispute with the UK's Vertiv Group and India's Vertiv Energy. VCGL and VEPL shall not use the said 'CHLORIDE' mark in India, either directly or indirectly, and shall withdraw all their claims over this mark in favour of Exide.

Kalyan Jewellers: Unit Kalyan Jewellers FZE acquired the remaining 30% stake in Kalyan Jewellers LLC, Oman, on Nov. 16. Kalyan Jewellers LLC, Oman, has become a wholly owned subsidiary of Kalyan Jewellers FZE.