STOCKS IN ACTION 19 January

• State Bank of India: The company raised Rs 5,000 crore through 10-year AT-1 bonds.

• REC: The company has been designated as the overall implementation agency for the rooftop
solar programme of the Renewable Energy Ministry. The company aims to achieve a cumulative
capacity of 40,000 MW from rooftop solar panels by 2026.

• JSW Infrastructure: The company clarified on media reports that it is leading the race to acquire
Navkar Corp. The company said there are no specific proposals underway regarding the matter in
the news.

• Shalby: The company will acquire an 87.26% stake in PK Healthcare for Rs 102 crore.
• Lupin: The company receives USFDA approval for Febuxostat tablets.

• Bandhan Bank: The lender received an RBI nod, appointing Rajinder Kumar Babbar as executive
director for 3 years.

• Wipro: The company will acquire a 14% stake in Huoban Energy 11 to enhance renewable energy
usage.

• Power Finance Corp: The company incorporated two special-purpose vehicles for developing
transmission projects in Gujarat and Rajasthan.
• Indian Bank: The company received approval from the RBI for setting up a new unit for operations
support

• Dhunseri Ventures: The company made an investment of $1 million in DYL USA. The company's
total investment stands at $3 million in DYL USA for a 79.68% stake.

Finolex Industries reports Q3 earnings
Net Profit up 20% at ₹95.4 cr vs ₹79.5 cr (YoY)
Revenue down 9.3% at ₹1,019.7 cr vs ₹1,124.8 cr (YoY)
EBITDA up 30.6% at ₹120 cr vs ₹91.9 cr (YoY)
Margin at 11.8% vs 8.2% (YoY)

Zaggle Prepaid CEO shares details of new ₹200 crore Torrent Gas contract

Shoppers Stop reports Q3 earnings
Net profit down 41.2% at ₹36.7 cr vs ₹62.7 cr (YoY)
Revenue up 8.8% at ₹1,237.5 cr vs ₹1,137.1 cr (YoY)

Lupin gets US FDA approval For Febuxostat Tablets that are used for the chronic management of hyperuricemia in adult patients

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