STOCKS IN ACTION 29 APRIL
Small Finance Banks: The RBI has invited applications from small finance banks meeting specified criteria, including a minimum net worth of Rs 1,000 crore, for becoming regular or universal banks. There are about a dozen SFBs, including AU Small Finance Bank, Equitas Small Finance Bank, and Ujjivan Small Finance Bank.
HCL Technologies: HCL Software, the software business unit of HCL Tech, announced that it has been selected by the State Bank of India for their Mar Tech solution as part of SBI's digital transformation programme.
Apollo Hospitals Enterprise: The company's arm, Apollo HealthCo, will raise Rs 2,475 crore from Advent International and integrate Keimed over the next 24-30 months.
Adani Enterprises: The company's Mauritius-based arm completed the acquisition of a 49% stake in Abu Dhabi-based Adani Esyasoft Smart Solutions for $24,500.
Patanjali Foods: The company received a proposal to acquire a non-food business from Patanjali
Ayurved.
NDTV: The company reported a 59% growth in revenue YoY in the fourth quarter. Its digital arm witnessed a significant increase of 39% in global traffic in March 2024.
AMI Organics: The company approved raising to Rs 99 crore via preferential issue of shares.
Cipla: The company arm, Cipla Health, completed the purchase of cosmetics and personal care businesses from Ivia Beaute.
Hinduja Global Solutions: The company arm acquired a 51% stake in Seven Star Balaji Broadband. Seven Star Balaji Broadband is now the step-down arm of the company.
Macrotech Developers: NCLT has approved a resolution plan for V Hotels in which the company will pay Rs 900 crore under the resolution plan for V Hotels over 270 days; the first tranche of Rs 90 crore has already been remitted.
Lloyds Enterprises: The company has invested a 26% stake in Adithya Power.
CESC: The company has successfully acquired a 100% stake in Bhadla 3 SKP Green Ventures from SKP Green Ventures for a total sale consideration of Rs 3.84 crore. The target company is involved in developing a 300 MW renewable solar park in Rajasthan.
NBCC: gets an in-principle approval to form a wholly owned subsidiary in Dubai
Ircon: International gets order worth Rs 1,198.09 cr from the East Coast Railway
ICICIBank: Q4 Earnings | Net profit gains over 17% to ₹10,707.5 crore, up 3.7% from Street estimates
RBLBank: reports ₹352.5 crore net profit in fourth quarter, above Street estimates
Force Motors: declares dividend of ₹20 per share as Q4 revenue rises 35%
SBI Card results: Q4 net profit surges over 11% to ₹662 crore
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY: CO SAYS GOVT GRANTED THE ‘NAVRATNA STATUS’ TO CO
@daytradertelugu
Small Finance Banks: The RBI has invited applications from small finance banks meeting specified criteria, including a minimum net worth of Rs 1,000 crore, for becoming regular or universal banks. There are about a dozen SFBs, including AU Small Finance Bank, Equitas Small Finance Bank, and Ujjivan Small Finance Bank.
HCL Technologies: HCL Software, the software business unit of HCL Tech, announced that it has been selected by the State Bank of India for their Mar Tech solution as part of SBI's digital transformation programme.
Apollo Hospitals Enterprise: The company's arm, Apollo HealthCo, will raise Rs 2,475 crore from Advent International and integrate Keimed over the next 24-30 months.
Adani Enterprises: The company's Mauritius-based arm completed the acquisition of a 49% stake in Abu Dhabi-based Adani Esyasoft Smart Solutions for $24,500.
Patanjali Foods: The company received a proposal to acquire a non-food business from Patanjali
Ayurved.
NDTV: The company reported a 59% growth in revenue YoY in the fourth quarter. Its digital arm witnessed a significant increase of 39% in global traffic in March 2024.
AMI Organics: The company approved raising to Rs 99 crore via preferential issue of shares.
Cipla: The company arm, Cipla Health, completed the purchase of cosmetics and personal care businesses from Ivia Beaute.
Hinduja Global Solutions: The company arm acquired a 51% stake in Seven Star Balaji Broadband. Seven Star Balaji Broadband is now the step-down arm of the company.
Macrotech Developers: NCLT has approved a resolution plan for V Hotels in which the company will pay Rs 900 crore under the resolution plan for V Hotels over 270 days; the first tranche of Rs 90 crore has already been remitted.
Lloyds Enterprises: The company has invested a 26% stake in Adithya Power.
CESC: The company has successfully acquired a 100% stake in Bhadla 3 SKP Green Ventures from SKP Green Ventures for a total sale consideration of Rs 3.84 crore. The target company is involved in developing a 300 MW renewable solar park in Rajasthan.
NBCC: gets an in-principle approval to form a wholly owned subsidiary in Dubai
Ircon: International gets order worth Rs 1,198.09 cr from the East Coast Railway
ICICIBank: Q4 Earnings | Net profit gains over 17% to ₹10,707.5 crore, up 3.7% from Street estimates
RBLBank: reports ₹352.5 crore net profit in fourth quarter, above Street estimates
Force Motors: declares dividend of ₹20 per share as Q4 revenue rises 35%
SBI Card results: Q4 net profit surges over 11% to ₹662 crore
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY: CO SAYS GOVT GRANTED THE ‘NAVRATNA STATUS’ TO CO
@daytradertelugu
