STOCKS IN ACTION 28 MAY
HPCL: The board recommended a bonus issue of 1 share for every 2 shares held.
Asian Paints: The Singapore-based arm signed a pact to acquire a 24.3% stake in SCIB for Rs 34.42 crore. Arm APIP to hold an 85.6% stake in SCIB post-stake acquisition.
Jyoti Structures: The company rights have been subscribed by 207%, with the company receiving applications worth Rs. 361.66 crores pursuant to its rights issue as against an issue size of Rs. 174.63 crores.
Adani Energy Solutions: The board approved a fund-raising plan for an aggregate amount not exceeding Rs 12,500 crore through QIP or another permissible mode.
Praveg: The company bought a 51% stake in Abhik Advertising and Bidhan Advertising.
Diamond Power Infrastructure: Founder Monarch Infraparks and GSEC will sell a 2.44% stake each in the company via OFS on May 28 and 29. The company has set the OFS floor price at Rs.855 per share.
ZF Commercial Vehicle Control Systems India: The company has partnered with IT Madras to forge a pioneering partnership to build global mobility digital infrastructure.
@DAYTRADERTELUGU
HPCL: The board recommended a bonus issue of 1 share for every 2 shares held.
Asian Paints: The Singapore-based arm signed a pact to acquire a 24.3% stake in SCIB for Rs 34.42 crore. Arm APIP to hold an 85.6% stake in SCIB post-stake acquisition.
Jyoti Structures: The company rights have been subscribed by 207%, with the company receiving applications worth Rs. 361.66 crores pursuant to its rights issue as against an issue size of Rs. 174.63 crores.
Adani Energy Solutions: The board approved a fund-raising plan for an aggregate amount not exceeding Rs 12,500 crore through QIP or another permissible mode.
Praveg: The company bought a 51% stake in Abhik Advertising and Bidhan Advertising.
Diamond Power Infrastructure: Founder Monarch Infraparks and GSEC will sell a 2.44% stake each in the company via OFS on May 28 and 29. The company has set the OFS floor price at Rs.855 per share.
ZF Commercial Vehicle Control Systems India: The company has partnered with IT Madras to forge a pioneering partnership to build global mobility digital infrastructure.
@DAYTRADERTELUGU
