STOCKS IN ACTION 16 August🔽
ITC: The shareholders will get one share in ITC Hotels for every 10 shares held in the parent company. The indicative timeline for listing ITC Hotels is approximately 15 months. The hotel business will be given a licence to use the ‘ITC' brand. The board has approved the acquisition of a 25% stake in Maharaja Heritage from Russell Credit and a 45.36% stake in International Travel House.
Ashok Leyland: The company will acquire OHM Global Mobility (OHM India) from OHM International Mobility under a share purchase agreement. It will infuse fresh equity or preference capital of up to Rs 300 crore in one or more tranches for its business requirements.
Suzlon Energy: The company has raised Rs 2,000 crore via QIP and allotted 113.96 crore shares at Rs 17.55 apiece, representing a discount of 4.83% to the floor price. More than 5% of the equity shares offered were allotted to BNP Paribas, Bandhan Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, and Max Life Insurance. Goldman Sachs and ICICI Prudential
Infosys bags order of more than $1.6 Billion from liberty global to scale digital platforms
Pennar Industries bags orders worth Rs 702 crore across various business verticals
Mahindra to launch new Scorpio-N based pickup SUV by 2026-27
MahindraGroup has partnered with Dolby Atmos & Harman Kardon for upcoming born electric vehicles
Mahindra Group to launch the Oja Tractor platform, its first lightweight tractor, in Cape Town
Adani Ent’s subsidiary AMG Media Networks signs MoU with Quintillion Media to acquire remaining 51% stake in Quintillion Business Media
AMG Media Currently holds 49% stake in Quintillion Business Media
Reliance Industries: Jio completed the minimum roll-out obligations of 5G ahead of schedule across all spectrum bands acquired in the 2022 auction. Jio customers are now using 26 GHz millimetre wave-based connectivity across all 22 telecom circles.
Quint Digital Media: Adani Group arm AMG Media Networks acquires the remaining 51% stake in Quintillion Business Media. Post-acquisition, QBML will become a wholly-owned subsidiary of AMNL.
SJVN: The company signed power purchase deals worth Rs 7,000 crore for 1,200 MW of solar power projects with Punjab State Power Corp.
HCLTech: Cricket Australia renews deal with HCLTech to expedite digital transformation
Zee Entertainment: The markets regulator SEBI passed a confirmatory order barring Chairman Emeritus Subash Chandra and former Managing Director Punit Goenka from company boards over allegations of diversion of the company's funds.
Waaree Renewable Technologies: The company received a letter of Intent from one of India's leading power generation companies for the execution of engineering, procurement, and construction works for a ground-mounted solar power project of 78 MWp capacity.
Adani Green Energy: Its subsidiary Adani Energy Holding has filed an appeal before the Commissioner of Income Tax (Appeals) in a matter relating to AY 2017-18. The expected financial implications, if any, due to compensation and penalty are Rs. 72.16 crore. The I-T department computed the capital gain on account of the transfer of equity shares in the internal restructuring scheme by considering t
Hero MotoCorp: The company received the family settlement deal from the promoter group, under which Sunil Kant Munjal has resigned as Joint Managing Director and will exit the company. Management and control will vest with the family group comprising Santosh Munjal, Renu Munjal, Suman Kant Munjal, and Pawan Munjal. An understanding has been reached between the family and Sunil Munjal on the usage
ITC: The shareholders will get one share in ITC Hotels for every 10 shares held in the parent company. The indicative timeline for listing ITC Hotels is approximately 15 months. The hotel business will be given a licence to use the ‘ITC' brand. The board has approved the acquisition of a 25% stake in Maharaja Heritage from Russell Credit and a 45.36% stake in International Travel House.
Ashok Leyland: The company will acquire OHM Global Mobility (OHM India) from OHM International Mobility under a share purchase agreement. It will infuse fresh equity or preference capital of up to Rs 300 crore in one or more tranches for its business requirements.
Suzlon Energy: The company has raised Rs 2,000 crore via QIP and allotted 113.96 crore shares at Rs 17.55 apiece, representing a discount of 4.83% to the floor price. More than 5% of the equity shares offered were allotted to BNP Paribas, Bandhan Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, and Max Life Insurance. Goldman Sachs and ICICI Prudential
Infosys bags order of more than $1.6 Billion from liberty global to scale digital platforms
Pennar Industries bags orders worth Rs 702 crore across various business verticals
Mahindra to launch new Scorpio-N based pickup SUV by 2026-27
MahindraGroup has partnered with Dolby Atmos & Harman Kardon for upcoming born electric vehicles
Mahindra Group to launch the Oja Tractor platform, its first lightweight tractor, in Cape Town
Adani Ent’s subsidiary AMG Media Networks signs MoU with Quintillion Media to acquire remaining 51% stake in Quintillion Business Media
AMG Media Currently holds 49% stake in Quintillion Business Media
Reliance Industries: Jio completed the minimum roll-out obligations of 5G ahead of schedule across all spectrum bands acquired in the 2022 auction. Jio customers are now using 26 GHz millimetre wave-based connectivity across all 22 telecom circles.
Quint Digital Media: Adani Group arm AMG Media Networks acquires the remaining 51% stake in Quintillion Business Media. Post-acquisition, QBML will become a wholly-owned subsidiary of AMNL.
SJVN: The company signed power purchase deals worth Rs 7,000 crore for 1,200 MW of solar power projects with Punjab State Power Corp.
HCLTech: Cricket Australia renews deal with HCLTech to expedite digital transformation
Zee Entertainment: The markets regulator SEBI passed a confirmatory order barring Chairman Emeritus Subash Chandra and former Managing Director Punit Goenka from company boards over allegations of diversion of the company's funds.
Waaree Renewable Technologies: The company received a letter of Intent from one of India's leading power generation companies for the execution of engineering, procurement, and construction works for a ground-mounted solar power project of 78 MWp capacity.
Adani Green Energy: Its subsidiary Adani Energy Holding has filed an appeal before the Commissioner of Income Tax (Appeals) in a matter relating to AY 2017-18. The expected financial implications, if any, due to compensation and penalty are Rs. 72.16 crore. The I-T department computed the capital gain on account of the transfer of equity shares in the internal restructuring scheme by considering t
Hero MotoCorp: The company received the family settlement deal from the promoter group, under which Sunil Kant Munjal has resigned as Joint Managing Director and will exit the company. Management and control will vest with the family group comprising Santosh Munjal, Renu Munjal, Suman Kant Munjal, and Pawan Munjal. An understanding has been reached between the family and Sunil Munjal on the usage
