STOCKS IN ACTION 13 MARCH
ITC: British American Tobacco, the largest public shareholder of the company, has launched a block trade to offload up to a 3.5% stake in the company for over Rs 17,482 crore.
Vedanta: The Securities Exchange Board of India ordered the company to pay Rs 77.62 crore to Scottish explorer Cairn for delay in payment of dividends and barred the firm's entire board from accessing the capital market for the same.
Aurobindo Pharma: Eugia Pharma has restarted distribution of aseptic products and will start commercial production from aseptic lines in a phased manner beginning next week.
Glenmark Pharma: The company completed the transfer of the remaining 20% stake in Glenmark
Life Sciences to Nirma.
Shree Cement: The company has entered into an asset purchase agreement with Starcrete LLP for the purchase of five ready-mix concrete plants located in Maharashtra for Rs 33.5 crore.
SRF: The company incorporated a wholly owned subsidiary, SRF Middle East, in Dubai for trading in refrigerant gases.
Oriental Rail Infrastructure: The company received an order worth Rs. 1,249 crore from the Ministry of Railways for the manufacturing and supply of 3,055 BOXNHL wagons.
Ramco Cements: The company inaugurated the Gati Shakti Cargo Terminal project in Andhra Pradesh to transport crushed limestone through railway wagons from the company's mines in Budawada to its integrated cement plant in Jayanthipuram.
Allcargo Logistics: The company LCL volume for the month of February increased 7% YoY and
FCL volume up 5% YoY for the month of February.
Muthoot Capital: The company partners with Greaves Cotton unit Greaves Finance 100% EV-focused lending platform evfin for electric two-wheeler financing across India.
Indoco Remedies: The company approved the purchase of 2,860 sq m of land in Mumbai.
Sterling & Wilson: The company has issued clarification on the Shapoorji stake sale report and said it is not aware of negotiations.
Titagarh Rail Systems: The company launched its second 25T Bollard Pull Tug, Bahubali, for the Indian Navy.
Vakrangee: The Reserve Bank of India has renewed the authorization issued to the company for white-label ATMs.
Jammu and Kashmir Bank: The company clarified that the news item of an Enforcement Directorate action does not pertain to the bank in any manner.
Ethos: The company reduced its stake in Silvercity Brands AG to 35% from 100% earlier.
Gensol Engineering: The company incorporated Gensol Clean Energy as a wholly owned subsidiary.
Welspun Living: The company received approval from the NCLT, Hyderabad Bench for the amalgamation of five companies with itself and is awaiting approval from the NCLT, Ahmedabad
Bench.
Signature Global India: The company, through its subsidiary, has launched its new project
"Orchard Avenue-3" in Gurugram. The project consists of a total of 235 units, with an area of 1.66 acres.
@DAYTRADERTELUGU
ITC: British American Tobacco, the largest public shareholder of the company, has launched a block trade to offload up to a 3.5% stake in the company for over Rs 17,482 crore.
Vedanta: The Securities Exchange Board of India ordered the company to pay Rs 77.62 crore to Scottish explorer Cairn for delay in payment of dividends and barred the firm's entire board from accessing the capital market for the same.
Aurobindo Pharma: Eugia Pharma has restarted distribution of aseptic products and will start commercial production from aseptic lines in a phased manner beginning next week.
Glenmark Pharma: The company completed the transfer of the remaining 20% stake in Glenmark
Life Sciences to Nirma.
Shree Cement: The company has entered into an asset purchase agreement with Starcrete LLP for the purchase of five ready-mix concrete plants located in Maharashtra for Rs 33.5 crore.
SRF: The company incorporated a wholly owned subsidiary, SRF Middle East, in Dubai for trading in refrigerant gases.
Oriental Rail Infrastructure: The company received an order worth Rs. 1,249 crore from the Ministry of Railways for the manufacturing and supply of 3,055 BOXNHL wagons.
Ramco Cements: The company inaugurated the Gati Shakti Cargo Terminal project in Andhra Pradesh to transport crushed limestone through railway wagons from the company's mines in Budawada to its integrated cement plant in Jayanthipuram.
Allcargo Logistics: The company LCL volume for the month of February increased 7% YoY and
FCL volume up 5% YoY for the month of February.
Muthoot Capital: The company partners with Greaves Cotton unit Greaves Finance 100% EV-focused lending platform evfin for electric two-wheeler financing across India.
Indoco Remedies: The company approved the purchase of 2,860 sq m of land in Mumbai.
Sterling & Wilson: The company has issued clarification on the Shapoorji stake sale report and said it is not aware of negotiations.
Titagarh Rail Systems: The company launched its second 25T Bollard Pull Tug, Bahubali, for the Indian Navy.
Vakrangee: The Reserve Bank of India has renewed the authorization issued to the company for white-label ATMs.
Jammu and Kashmir Bank: The company clarified that the news item of an Enforcement Directorate action does not pertain to the bank in any manner.
Ethos: The company reduced its stake in Silvercity Brands AG to 35% from 100% earlier.
Gensol Engineering: The company incorporated Gensol Clean Energy as a wholly owned subsidiary.
Welspun Living: The company received approval from the NCLT, Hyderabad Bench for the amalgamation of five companies with itself and is awaiting approval from the NCLT, Ahmedabad
Bench.
Signature Global India: The company, through its subsidiary, has launched its new project
"Orchard Avenue-3" in Gurugram. The project consists of a total of 235 units, with an area of 1.66 acres.
@DAYTRADERTELUGU
