STOCKS IN ACTION 29 January
HDFC Bank- Life Insurance Corp. has received the Reserve Bank of India's nod for acquiring up to a 9.99% stake in HDFC Bank Ltd.
Adani Green Energy: The company raised Rs 2,337.5 crore via issuance of warrants. The warrants were allotted to Ardour Investment Holding on a private placement basis.
Adani Power: The company entered into a Memorandum of Understanding to sell two wholly owned subsidiaries to AdaniConnex Pvt. for Rs 540 crore. The power major will sell a 100% stake in Aviceda Infra Park Ltd. for Rs 190 crore and Innovant Buildwell Pvt. for Rs 350 crore to AdaniConnex.
DLF: The company entered a pact with three lenders for the purchase of bonds with Rs 600 crore face value. It entered a pact with Standard Chartered Bank, DB International (Asia), Deutsche Investments India for a total consideration of Rs 825 crore.
Laurus Labs: The company will form a 49:51 joint venture with Slovenia's Krka Pharma in Hyderabad.
Himatsingka Seide: The company's board approved a fundraise of up to Rs 400 crore via qualified institutional placement in one or more tranches.
Coal India: The company emerged as the lowest bidder for 300 MW solar project in Khavda, Gujarat.
Strides Pharma: The company's Singapore unit received US FDA approval for Pregabalin capsules.
Shriram Finance:. The company approved a change in the list of key managerial personnel.
Accordingly, five senior management personnel will cease to be designated as KMP with effect from Jan. 25, 2024. The company also declared a second interim dividend of Rs 10 per equity share of face value of Rs 10 each.
SJVN: The company won the GUVNL auction for 100 MW Solar Project at Rs 2.54 per unit on a build-own and operate basis through a tariff based competitive bidding process of GUVNL Phase XXI.
Dhanlaxmi Bank: The bank received Reserve Bank of India's nod for extending JK Shivan's term as managing director and chief executive officer till his successor assumes office.
L&T Finance: The company appointed Sudipta Roy as the managing director and chief executive officer effective Jan. 24, 2024
Lemon Tree Hotels: The company announced its latest signing - Lemon Tree Hotel, Motihari, Bihar. The property, which will be franchised by Lemon Tree Hotels, is expected to open in FY25.
HDFC Bank- Life Insurance Corp. has received the Reserve Bank of India's nod for acquiring up to a 9.99% stake in HDFC Bank Ltd.
Adani Green Energy: The company raised Rs 2,337.5 crore via issuance of warrants. The warrants were allotted to Ardour Investment Holding on a private placement basis.
Adani Power: The company entered into a Memorandum of Understanding to sell two wholly owned subsidiaries to AdaniConnex Pvt. for Rs 540 crore. The power major will sell a 100% stake in Aviceda Infra Park Ltd. for Rs 190 crore and Innovant Buildwell Pvt. for Rs 350 crore to AdaniConnex.
DLF: The company entered a pact with three lenders for the purchase of bonds with Rs 600 crore face value. It entered a pact with Standard Chartered Bank, DB International (Asia), Deutsche Investments India for a total consideration of Rs 825 crore.
Laurus Labs: The company will form a 49:51 joint venture with Slovenia's Krka Pharma in Hyderabad.
Himatsingka Seide: The company's board approved a fundraise of up to Rs 400 crore via qualified institutional placement in one or more tranches.
Coal India: The company emerged as the lowest bidder for 300 MW solar project in Khavda, Gujarat.
Strides Pharma: The company's Singapore unit received US FDA approval for Pregabalin capsules.
Shriram Finance:. The company approved a change in the list of key managerial personnel.
Accordingly, five senior management personnel will cease to be designated as KMP with effect from Jan. 25, 2024. The company also declared a second interim dividend of Rs 10 per equity share of face value of Rs 10 each.
SJVN: The company won the GUVNL auction for 100 MW Solar Project at Rs 2.54 per unit on a build-own and operate basis through a tariff based competitive bidding process of GUVNL Phase XXI.
Dhanlaxmi Bank: The bank received Reserve Bank of India's nod for extending JK Shivan's term as managing director and chief executive officer till his successor assumes office.
L&T Finance: The company appointed Sudipta Roy as the managing director and chief executive officer effective Jan. 24, 2024
Lemon Tree Hotels: The company announced its latest signing - Lemon Tree Hotel, Motihari, Bihar. The property, which will be franchised by Lemon Tree Hotels, is expected to open in FY25.
