STOCKS IN ACTION 29 AUGUST
Sun Pharmaceutical Industries: The drugmaker aims to spend 7-8% of its sales in the current fiscal on research and development activities to further strengthen its product portfolio across therapeutic segments. It also expects high single-digit consolidated topline growth for FY24.
Zomato: Tiger Global's Internet Fund III Pte. Ltd. sold its entire 1.4% stake in the food delivery giant for Rs 1,123.85 crore via open market transactions.
SJVN: The state-run power company's unit, SJVN Green Energy, bagged a deal from APDCL for three solar projects with a cumulative capacity of 320 MW in Assam. The cost of the project is Rs 1,900 crore.
NBCC India: The company received a work order worth Rs 66.32 crore from the Indian Medical Association for the planning, designing, and execution of IMA House at Indraprastha, New Delhi.
KRBL: The company submitted the Letter of Offer for the buyback of up to 65 lakh fully paid-up equity shares of Rs 1 each at a price of Rs 500 apiece for a maximum amount of Rs 325 crores through the tender offer process.
HFCL: The company has set the floor price for qualified institutional placement issues at Rs 68.61 apiece. The QIP opened on Aug. 28.
LTIMindtree: The IT firm announced a strategic collaboration with automation platform CAST AI to help businesses optimise cloud investments. The partnership will help companies save over 60% on cloud costs as they modernise legacy applications for cloud migration.
Bayer CropScience: Duraiswami Narain has resigned as the vice chairman, MD, and CEO of the company with effect from Oct. 31 due to his planned repatriation to Bayer US. The company has appointed Simon Weibusch as Narain's replacement, with effect from Nov. 1.
Gokaldas Exports: The company, through its wholly owned subsidiaries, will acquire UAE-based Atraco Group (Atraco), a leading manufacturer of apparel, for $55 million. The acquisition will be funded by a mix of debt and internal accruals.
Rane Madras: The board has approved divestment by way of stock sale of the entire holdings in Rane Light Metal Casting Inc., USA (LMCA), held through its wholly owned subsidiary Rane (Madras) International Holdings BV, The Netherlands (RMIH).
Schaeffler India: The company has entered into a share purchase agreement for the acquisition of 100% of the shareholding of KRSV Innovative Auto Solutions ("Koovers") following the board's approval.
Divis Laboratories: Madhusudana Rao Divi retired as a director as well as a full-time director in view of his age and health situation with immediate effect.
Indiabulls Real Estate: The company appointed its current senior vice president, Atul Chandra, as Chief Operating Officer with immediate effect.
V-Mart Retail: Promoter Lalit Agarwal has executed a gift deed in favour of promoter Madan Gopal Agarwal to transfer 10.4 lakh shares, representing 5.27% of the paid-up share capital.
Apollo Hospital: BlockDeals
Promoter may sell up to 26.3 lakh shares (0.85% equity) via block deals
Floor Price is likely at Rs 1,595/sh, 4.3% discount to CMP
Base size of the block deals likely at Rs 303 cr and greenshoe at Rs 116 cr
BAYER_CROPSCIENCES: Duraiswami Narain Resigns As Vice Chairman & MD & CEO Of Company with effect from October 31, 2023
Resigns Due To His Planned Repatriation To Bayer US
SJVN :BAGS ORDER Arm SJVN Green Energy Limited Gets Letter Of Awards From Assam Power Development Corporation Limited For 3 Solar Power Projs Of Cumulative Capacity 320 MW
SUN PHARMA:FY24 OUTLOOK
Expect High-Single-Digit Consolidated Topline Growth For FY24
The Expansion Of Company’s Global Specialty Business Is Expected To Continue
Expect R&D Spending To Be Around 7-8% Of FY'24 Sales
HCL TECHNOLOGIES: SIGNS AGREEMENT
Signs Exclusive Preferred Professional Services Agreement With Cloud Software Group
Company Signs Agreement For TIBCO Products For Enterprise Customers Across The Globe
@daytradertelugu
Sun Pharmaceutical Industries: The drugmaker aims to spend 7-8% of its sales in the current fiscal on research and development activities to further strengthen its product portfolio across therapeutic segments. It also expects high single-digit consolidated topline growth for FY24.
Zomato: Tiger Global's Internet Fund III Pte. Ltd. sold its entire 1.4% stake in the food delivery giant for Rs 1,123.85 crore via open market transactions.
SJVN: The state-run power company's unit, SJVN Green Energy, bagged a deal from APDCL for three solar projects with a cumulative capacity of 320 MW in Assam. The cost of the project is Rs 1,900 crore.
NBCC India: The company received a work order worth Rs 66.32 crore from the Indian Medical Association for the planning, designing, and execution of IMA House at Indraprastha, New Delhi.
KRBL: The company submitted the Letter of Offer for the buyback of up to 65 lakh fully paid-up equity shares of Rs 1 each at a price of Rs 500 apiece for a maximum amount of Rs 325 crores through the tender offer process.
HFCL: The company has set the floor price for qualified institutional placement issues at Rs 68.61 apiece. The QIP opened on Aug. 28.
LTIMindtree: The IT firm announced a strategic collaboration with automation platform CAST AI to help businesses optimise cloud investments. The partnership will help companies save over 60% on cloud costs as they modernise legacy applications for cloud migration.
Bayer CropScience: Duraiswami Narain has resigned as the vice chairman, MD, and CEO of the company with effect from Oct. 31 due to his planned repatriation to Bayer US. The company has appointed Simon Weibusch as Narain's replacement, with effect from Nov. 1.
Gokaldas Exports: The company, through its wholly owned subsidiaries, will acquire UAE-based Atraco Group (Atraco), a leading manufacturer of apparel, for $55 million. The acquisition will be funded by a mix of debt and internal accruals.
Rane Madras: The board has approved divestment by way of stock sale of the entire holdings in Rane Light Metal Casting Inc., USA (LMCA), held through its wholly owned subsidiary Rane (Madras) International Holdings BV, The Netherlands (RMIH).
Schaeffler India: The company has entered into a share purchase agreement for the acquisition of 100% of the shareholding of KRSV Innovative Auto Solutions ("Koovers") following the board's approval.
Divis Laboratories: Madhusudana Rao Divi retired as a director as well as a full-time director in view of his age and health situation with immediate effect.
Indiabulls Real Estate: The company appointed its current senior vice president, Atul Chandra, as Chief Operating Officer with immediate effect.
V-Mart Retail: Promoter Lalit Agarwal has executed a gift deed in favour of promoter Madan Gopal Agarwal to transfer 10.4 lakh shares, representing 5.27% of the paid-up share capital.
Apollo Hospital: BlockDeals
Promoter may sell up to 26.3 lakh shares (0.85% equity) via block deals
Floor Price is likely at Rs 1,595/sh, 4.3% discount to CMP
Base size of the block deals likely at Rs 303 cr and greenshoe at Rs 116 cr
BAYER_CROPSCIENCES: Duraiswami Narain Resigns As Vice Chairman & MD & CEO Of Company with effect from October 31, 2023
Resigns Due To His Planned Repatriation To Bayer US
SJVN :BAGS ORDER Arm SJVN Green Energy Limited Gets Letter Of Awards From Assam Power Development Corporation Limited For 3 Solar Power Projs Of Cumulative Capacity 320 MW
SUN PHARMA:FY24 OUTLOOK
Expect High-Single-Digit Consolidated Topline Growth For FY24
The Expansion Of Company’s Global Specialty Business Is Expected To Continue
Expect R&D Spending To Be Around 7-8% Of FY'24 Sales
HCL TECHNOLOGIES: SIGNS AGREEMENT
Signs Exclusive Preferred Professional Services Agreement With Cloud Software Group
Company Signs Agreement For TIBCO Products For Enterprise Customers Across The Globe
@daytradertelugu
