STOCKS IN ACTION 27 February
One 97 Communication: Paytm Founder and Chief Executive Officer, Vijay Shekhar Sharma, has resigned from the board of Paytm Payments Bank. The board has been reconstituted.
CMS Info System: Promoter Sion Investment Holdings, an affiliate of Baring Private Equity Asia, will offer to sell 4.17 crore shares, or a 26.67% stake in the company, at a floor price of Rs 360 apiece, representing a discount of 9.3% of the current market price.
Union Bank of India: The company raised Rs 3,000 crore at an issue price of Rs 135.65 per share.
Morgan Stanley, Societe Generale, HDFC Life, BNP Paribas, SBI Life, and Sundaram MF are among the investors.
Religare Enterprises: Religare Finvest, a wholly owned subsidiary of the company, has cleared all its debts with external lenders, in turn resolving all legacy issues.
МСХ: The company signed a MoU with Jakarta Futures Exchange for knowledge sharing and regional development.
Wipro: The IT major announced a joint private wireless solution with Nokia to help enterprises scale their digital transformation.
Andhra Cements: The promoter, Sagar Cements, has proposed to sell up to a 5% stake in the company via an offer for sale on Feb. 27.
Tanla Platforms: The company has launched its new product, Trubloq.Al, which leverages generative Al to elevate the trusted Trubloq experience. The company aims to make digital commerce easier for Indian SMBs with WhatsApp-based solutions.
Canara Bank: The public sector lender approved the stock split in the ratio of 1:5.
Grauer and Weil: The company had approved the bonus issue in the ratio of 1:1.
Zuari Agro Chemicals: The company has finalised the sale of land parcels in Goa to Zuari Infinity.
The land spans 2,16,015 sq. metres, and the sale amount is Rs. 80 crore.
Jindal Steel and Power: The company announced the deployment of 10 electric buses and 27 electric SUVs at its Angul unit in Odisha, India.
PDS: The company's unit has proposed to acquire an equity stake of 5% in Frontier Knitters for Rs 1.02 crore to expand its apparel manufacturing footprint and leverage it to grow its sourcing business.
Lemon Tree Hotels: The company announced the signing of two new properties: Sankhwas Garh, a Lemon Tree Resort and Keys Lite by Lemon Tree Hotels, Vijayawada.
Power Mech Projects: The company received an order worth 396.3 crore from Southeast Central Railway for the execution of civil construction and electrical works.
TVS Motor: The company's Singapore arm will raise its stake in Germany-based Killwatt GmbH to 49% from 39.28%. The company acquired 8,000 shares of Killwatt GmbH at €500 per share.
Hind Rectifiers: The company received the order worth Rs 200 crore from Indian Railways.
Sigachi Industries: The company and UAE-based Imass Investment have formed a joint ventur Sigachi Global, to enter the growing UAE food and pharma market.
HFCL: bags purchase orders worth ₹40.36 cr for supply of optical fiber cables
Bank of Baroda: cuts car loan interest rates by 65 bps to 8.75% for FY24
Canara Bank: board approves split of each share into 5 shares
Andhra Cement: promoter Sagar Cements to sell 5% stake in the company via OFS on Feb 27-28, Floor Price at ₹90/sh
@daytradertelugu
One 97 Communication: Paytm Founder and Chief Executive Officer, Vijay Shekhar Sharma, has resigned from the board of Paytm Payments Bank. The board has been reconstituted.
CMS Info System: Promoter Sion Investment Holdings, an affiliate of Baring Private Equity Asia, will offer to sell 4.17 crore shares, or a 26.67% stake in the company, at a floor price of Rs 360 apiece, representing a discount of 9.3% of the current market price.
Union Bank of India: The company raised Rs 3,000 crore at an issue price of Rs 135.65 per share.
Morgan Stanley, Societe Generale, HDFC Life, BNP Paribas, SBI Life, and Sundaram MF are among the investors.
Religare Enterprises: Religare Finvest, a wholly owned subsidiary of the company, has cleared all its debts with external lenders, in turn resolving all legacy issues.
МСХ: The company signed a MoU with Jakarta Futures Exchange for knowledge sharing and regional development.
Wipro: The IT major announced a joint private wireless solution with Nokia to help enterprises scale their digital transformation.
Andhra Cements: The promoter, Sagar Cements, has proposed to sell up to a 5% stake in the company via an offer for sale on Feb. 27.
Tanla Platforms: The company has launched its new product, Trubloq.Al, which leverages generative Al to elevate the trusted Trubloq experience. The company aims to make digital commerce easier for Indian SMBs with WhatsApp-based solutions.
Canara Bank: The public sector lender approved the stock split in the ratio of 1:5.
Grauer and Weil: The company had approved the bonus issue in the ratio of 1:1.
Zuari Agro Chemicals: The company has finalised the sale of land parcels in Goa to Zuari Infinity.
The land spans 2,16,015 sq. metres, and the sale amount is Rs. 80 crore.
Jindal Steel and Power: The company announced the deployment of 10 electric buses and 27 electric SUVs at its Angul unit in Odisha, India.
PDS: The company's unit has proposed to acquire an equity stake of 5% in Frontier Knitters for Rs 1.02 crore to expand its apparel manufacturing footprint and leverage it to grow its sourcing business.
Lemon Tree Hotels: The company announced the signing of two new properties: Sankhwas Garh, a Lemon Tree Resort and Keys Lite by Lemon Tree Hotels, Vijayawada.
Power Mech Projects: The company received an order worth 396.3 crore from Southeast Central Railway for the execution of civil construction and electrical works.
TVS Motor: The company's Singapore arm will raise its stake in Germany-based Killwatt GmbH to 49% from 39.28%. The company acquired 8,000 shares of Killwatt GmbH at €500 per share.
Hind Rectifiers: The company received the order worth Rs 200 crore from Indian Railways.
Sigachi Industries: The company and UAE-based Imass Investment have formed a joint ventur Sigachi Global, to enter the growing UAE food and pharma market.
HFCL: bags purchase orders worth ₹40.36 cr for supply of optical fiber cables
Bank of Baroda: cuts car loan interest rates by 65 bps to 8.75% for FY24
Canara Bank: board approves split of each share into 5 shares
Andhra Cement: promoter Sagar Cements to sell 5% stake in the company via OFS on Feb 27-28, Floor Price at ₹90/sh
@daytradertelugu
