STOCKS IN ACTION 26 February
Kotak Mahindra Bank: Zurich Insurance Company plans to buy a 70% stake in Kotak Mahindra General Insurance Company for Rs 5,560 crore via primary and secondary acquisitions in a single tranche.
Zee Entertainment Enterprises: The company said its board has constituted an independent advisory committee to review the alleged widespread circulation of misinformation, market rumours and speculation about the company.
Housing and Urban Development: To reach 25% of the minimum public shareholding, the government plans to sell up to 0.17% of the stake over a period of 12 months. It currently holds 75.17% equity in the developer.
Union Bank of India: The company approved Rs 135.65 per share as the issue price of the share.
The QIP is fully subscribed.
LIC Housing: The board is to meet on March 7 to mull the FY25 borrowing budget.
JSW Infra: The company has received a letter of award from the V.O. Chidambaranar Port Authority for handling dry bulk cargo at V.O. Chidambaranar Port on a design, build, finance, Operate and transfer (DBFOT) basis through a PPP basis.
Swan Energy: The board will consider the issue price for QIP on Feb. 28.
Sanofi India: The company reported revenue of Rs 694 crore and net profit of Rs 138 crore in the December quarter.
Bharti Airtel: The company strengthened its retail footprint in Agartala, Hyderabad, Jalandhar, Chandigarh, and Vizag.
Ashok Leyland: The company acquired a 49.9% stake in TVS Trucks for Rs 24.95 crore to strengthen the company's automotive business.
KIOCL: The company's pellet plant has been suspended due to an ongoing downward trend in pellet market conditions.
Suven Pharmaceuticals: The USFDA conducted an inspection at the company's plant from Feb.
12 to 23 and no Form 483 has been issued because of the inspection.
Punjab and Sind Bank: The company will raise Rs 2,000 crore in one or more tranches via shares or bonds on Feb. 28.
Dixon Technologies: The company has launched a manufacturing unit in Uttarakhand to manufacture washing machines. The company's unit, Padget Electronics, has a pact with Compal for the manufacturing of mobile phones.
Electronics Mart India: The company commenced commercial operations for a new multi-brand store in New Delhi.
Narayan Hrudayalaya: The company has been allotted 7.26 acres of land in New Town, Kolkata for setting up a healthcare facility.
TIPS Industries: The board will consider a proposal for buyback shares on Feb. 28.
Alembic Pharma: The company resumed manufacturing operations at the Sikkim plant.
Sona Comstar: The company executed definitive documents with Cleanmax Enviro Energy for setting up a captive power-generating facility in the state of Maharashtra with a solar capacity of 4.00 MWp. The SPV has been incorporated for this purpose.
KPI Green: The Gujarat Electricity Regulatory Commission has adopted a tariff for a 200 MWac grid-connected solar project.
HUDCO: The company has signed a MoU with NBCC for effective implementation of consultancy services, asset monetization activities, and corporate social responsibility activities.
New India Assurance: AS Rajeev has resigned from the board of the company with immediate effect.
Kotak Mahindra Bank: Zurich Insurance Company plans to buy a 70% stake in Kotak Mahindra General Insurance Company for Rs 5,560 crore via primary and secondary acquisitions in a single tranche.
Zee Entertainment Enterprises: The company said its board has constituted an independent advisory committee to review the alleged widespread circulation of misinformation, market rumours and speculation about the company.
Housing and Urban Development: To reach 25% of the minimum public shareholding, the government plans to sell up to 0.17% of the stake over a period of 12 months. It currently holds 75.17% equity in the developer.
Union Bank of India: The company approved Rs 135.65 per share as the issue price of the share.
The QIP is fully subscribed.
LIC Housing: The board is to meet on March 7 to mull the FY25 borrowing budget.
JSW Infra: The company has received a letter of award from the V.O. Chidambaranar Port Authority for handling dry bulk cargo at V.O. Chidambaranar Port on a design, build, finance, Operate and transfer (DBFOT) basis through a PPP basis.
Swan Energy: The board will consider the issue price for QIP on Feb. 28.
Sanofi India: The company reported revenue of Rs 694 crore and net profit of Rs 138 crore in the December quarter.
Bharti Airtel: The company strengthened its retail footprint in Agartala, Hyderabad, Jalandhar, Chandigarh, and Vizag.
Ashok Leyland: The company acquired a 49.9% stake in TVS Trucks for Rs 24.95 crore to strengthen the company's automotive business.
KIOCL: The company's pellet plant has been suspended due to an ongoing downward trend in pellet market conditions.
Suven Pharmaceuticals: The USFDA conducted an inspection at the company's plant from Feb.
12 to 23 and no Form 483 has been issued because of the inspection.
Punjab and Sind Bank: The company will raise Rs 2,000 crore in one or more tranches via shares or bonds on Feb. 28.
Dixon Technologies: The company has launched a manufacturing unit in Uttarakhand to manufacture washing machines. The company's unit, Padget Electronics, has a pact with Compal for the manufacturing of mobile phones.
Electronics Mart India: The company commenced commercial operations for a new multi-brand store in New Delhi.
Narayan Hrudayalaya: The company has been allotted 7.26 acres of land in New Town, Kolkata for setting up a healthcare facility.
TIPS Industries: The board will consider a proposal for buyback shares on Feb. 28.
Alembic Pharma: The company resumed manufacturing operations at the Sikkim plant.
Sona Comstar: The company executed definitive documents with Cleanmax Enviro Energy for setting up a captive power-generating facility in the state of Maharashtra with a solar capacity of 4.00 MWp. The SPV has been incorporated for this purpose.
KPI Green: The Gujarat Electricity Regulatory Commission has adopted a tariff for a 200 MWac grid-connected solar project.
HUDCO: The company has signed a MoU with NBCC for effective implementation of consultancy services, asset monetization activities, and corporate social responsibility activities.
New India Assurance: AS Rajeev has resigned from the board of the company with immediate effect.
