STOCKS IN ACTION 24 MAY
UPL: The company and Aarti Industries entered a joint venture for the manufacturing and marketing of specialty chemicals that find application in multiple downstream industries. The JV Company is expected to commence commercial supplies by Q1 FY 2026-27, with a peak annual revenue potential of Rs. 400-500 crores in the next 2-3 years.
Vodafone Idea: The company has clarified that they are in discussion with Ericsson and other network vendors for 5G network gear.
Wipro: The company appointed Sarat Chand as regional MD of Northern Europe.
Sun Pharmaceutical Industries: Taro shareholders have approved the merger agreement with the company.
Brigade Enterprises: The company signed a joint development agreement for a residential project with a GDV of Rs 720 crore on Old Madras Road, Bengaluru.
Transformers and Rectifiers: The company received an export order worth Rs 161 crore from AL
Anwaar, an order worth Rs 179 crore from Adani Group and Rs 19 crore from L&T.
Zee Entertainment Enterprises: The company seeks a termination fee of $90 million from Culver Max and Bangla Entertainment to terminate the merger cooperation agreement on account of a breach by Culver Max and BEPL.
HCLTech: buys Communications Technology Group (CTG) assets of Hewlett Packard Enterprise for $225 million
SUN PHARMA: CO SAYS MERGER AGREEMENT BETWEEN TARO PHARMACEUTICAL INDUSTRIES AND CO IS APPROVED BY AFFIRMATIVE VOTE OF TARO SHAREHOLDERS || COMPLETION OF MERGER BETWEEN TARO PHARMACEUTICAL INDUSTRIES AND CO EXPECTED TO CLOSE IN ABOUT 35 DAYS
ZAGGLE PREPAID OCEAN SERVICES: CO SAYS EXPECT REVENUE GROWTH FOR THIS FISCAL YEAR TO TUNE OF 45%-55% || INTEND TO PURSUE INORGANIC GROWTH OPPORTUNITIES THROUGH MERGERS AND ACQUISITIONS
ZAGGLE PREPAID OCEAN SERVICES: CO SAYS WE PLAN TO EXPAND GEOGRAPHICALLY INTO US MARKETS AS PART OF OUR GROWTH STRATEGY || CO SAYS WE ARE POISED TO DOUBLE OUR REVENUE OVER NEXT 2 YEARS THROUGH ORGANIC GROWTH
NAVIN FLUORINE INTERNATIONAL: CO UNIT EXECUTED FIVE YEAR MATERIAL SUPPLY AGREEMENT FOR SUPPLY OF A FLUORO INTERMEDIATE FOR NOVEL AGROCHEMICAL PRODUCT || INVESTMENT REQUIRED AT 150M RUPEES
NAVIN FLUORINE INTERNATIONAL: CO SAYS PERIOD WITHIN WHICH PROPOSED CAPACITY IS TO BE ADDED AT WITHIN 12 MONTHS || PROPOSED CAPACITY ADDITION HAS INCREMENTAL REVENUE POTENTIAL OF 200-300 MLN RUPEES PER ANNUM
ADANI ENTERPRISES: BOARD MEETING ON MAY 28 TO CONSIDER PROPOSAL OF RAISING OF FUNDS BY WAY OF ISSUANCE EQUITY SHARES OR ANY OTHER ELIGIBLE SECURITIES
@daytradertelugu
UPL: The company and Aarti Industries entered a joint venture for the manufacturing and marketing of specialty chemicals that find application in multiple downstream industries. The JV Company is expected to commence commercial supplies by Q1 FY 2026-27, with a peak annual revenue potential of Rs. 400-500 crores in the next 2-3 years.
Vodafone Idea: The company has clarified that they are in discussion with Ericsson and other network vendors for 5G network gear.
Wipro: The company appointed Sarat Chand as regional MD of Northern Europe.
Sun Pharmaceutical Industries: Taro shareholders have approved the merger agreement with the company.
Brigade Enterprises: The company signed a joint development agreement for a residential project with a GDV of Rs 720 crore on Old Madras Road, Bengaluru.
Transformers and Rectifiers: The company received an export order worth Rs 161 crore from AL
Anwaar, an order worth Rs 179 crore from Adani Group and Rs 19 crore from L&T.
Zee Entertainment Enterprises: The company seeks a termination fee of $90 million from Culver Max and Bangla Entertainment to terminate the merger cooperation agreement on account of a breach by Culver Max and BEPL.
HCLTech: buys Communications Technology Group (CTG) assets of Hewlett Packard Enterprise for $225 million
SUN PHARMA: CO SAYS MERGER AGREEMENT BETWEEN TARO PHARMACEUTICAL INDUSTRIES AND CO IS APPROVED BY AFFIRMATIVE VOTE OF TARO SHAREHOLDERS || COMPLETION OF MERGER BETWEEN TARO PHARMACEUTICAL INDUSTRIES AND CO EXPECTED TO CLOSE IN ABOUT 35 DAYS
ZAGGLE PREPAID OCEAN SERVICES: CO SAYS EXPECT REVENUE GROWTH FOR THIS FISCAL YEAR TO TUNE OF 45%-55% || INTEND TO PURSUE INORGANIC GROWTH OPPORTUNITIES THROUGH MERGERS AND ACQUISITIONS
ZAGGLE PREPAID OCEAN SERVICES: CO SAYS WE PLAN TO EXPAND GEOGRAPHICALLY INTO US MARKETS AS PART OF OUR GROWTH STRATEGY || CO SAYS WE ARE POISED TO DOUBLE OUR REVENUE OVER NEXT 2 YEARS THROUGH ORGANIC GROWTH
NAVIN FLUORINE INTERNATIONAL: CO UNIT EXECUTED FIVE YEAR MATERIAL SUPPLY AGREEMENT FOR SUPPLY OF A FLUORO INTERMEDIATE FOR NOVEL AGROCHEMICAL PRODUCT || INVESTMENT REQUIRED AT 150M RUPEES
NAVIN FLUORINE INTERNATIONAL: CO SAYS PERIOD WITHIN WHICH PROPOSED CAPACITY IS TO BE ADDED AT WITHIN 12 MONTHS || PROPOSED CAPACITY ADDITION HAS INCREMENTAL REVENUE POTENTIAL OF 200-300 MLN RUPEES PER ANNUM
ADANI ENTERPRISES: BOARD MEETING ON MAY 28 TO CONSIDER PROPOSAL OF RAISING OF FUNDS BY WAY OF ISSUANCE EQUITY SHARES OR ANY OTHER ELIGIBLE SECURITIES
@daytradertelugu
