STOCKS IN ACTION 30 AUGUST
Zomato: SoftBank Group’s affiliate SVF Growth Singapore will sell a 1.17% stake in the company for at least Rs 940 crore. SVF Growth Singapore will sell 10 crore shares at a floor price of Rs 94 apiece, representing a 0.7% discount on Tuesday’s closing price.
MPS: Its subsidiary MPS Interactive Systems will acquire a 65% stake in Australia-based Liberate Group entities for AUD 9.32 million. The entities include Liberate Learning, Liberate eLearning, App-eLearn, and Liberate Learning (New Zealand). The remaining 35% shareholding will be acquired by MPSi in subsequent tranches.
ONGC: Company will invest about Rs 2 lakh crore to achieve zero carbon emissions by 2038, its chairman Arun Kumar Singh said on Tuesday. It will invest Rs 1 lakh crore by 2030 in setting up 10 gigawatts of renewable energy capacity, green ammonia plant, and offshore wind energy projects, the remaining would be used to achieve Scope-1 and 2 net zero carbon emissions.
Lupin: The drugmaker's Canada unit launched Propranolol LA (long-acting) capsules in 60 mg, 80 mg, 120 mg, and 160 mg.
GR Infraprojects: Two wholly owned subsidiaries have executed a concession agreement with the National Highways Authority of India for two projects in Karnataka worth a total of Rs 1,457 crore.
SBFC Finance: The company reported a standalone net profit of Rs 47 crore for the quarter ended June. Net interest income stood at Rs 141 crore.
HCL Tech: The company announced an exclusive preferred professional services agreement with Cloud Software Group to help implement, upgrade, modernise, and provide services for all TIBCO products for enterprise customers across the globe.
IndiaMart: The company submitted a Letter of Offer for the buyback of 12.5 lakh shares of face value of Rs 10 each not exceeding Rs 500 crore by way of tender offer on a proportionate basis.
Central Bank of India: The bank has entered into a strategic co-lending partnership with Samunnati Financial Intermediation & Services to offer agriculture and MSME loans at competitive rates. It will also tie up with IKF Home Finance to offer MSME and home loans at competitive rates.
Unichem Laboratories: The company announced that it has received ANDA approval for its Prasugrel Tablets USP, 5 mg and 10 mg, from the USFDA to market a generic version of Effient (Prasugrel) Tablets, 5 mg and 10 mg, from Cosette Pharmaceuticals, Inc.
Jupiter Wagons: The company will consider fundraising through any means in a board meeting on Sept. 5.
TVS Supply Chain Solutions: Current Executive Vice Chairman R Dinesh will take over as its Chairman with immediate effect after S Mahalingam stepped down. Two additional independent directors, K. Ananth Krishnan and Narayan K. Seshadri, were inducted, taking the total strength of the independent directors on the board to five.
Dalmia Bharat: Puneet Dalmia will take over as its MD and CEO of Dalmia Cement (Bharat) after Mahendra Singhi's decade-long tenure comes to an end on Dec. 8.
State Bank Of India: The bank received approval to set up a wholly-owned subsidiary, 'SBI Funds Management,' at IFSC Gift City.
PME Entertainment: Reports of Miss World 2023 Finale being held in Kashmir incorrect
The venue for the finale is to be finalized, will be announced officially at a later date
Suzlon: Avikiran Solar India downsizes Kutch project to 168 MW
STRIDES PHARMA SCIENCES: Board approves providing corporate guarantee aggregating to Rs 135 Crores on behalf of Stelis Biopharma Limited, an associate company of Strides
CAPACITE INFRA: GOLDMAN SACHS INVESTMENTS (MAURITIUS) I Sold 375,000 Shares @ Rs 203.19/ Share
AMI ORGANICS: Morgan Stanley Asia Singapore
BUY 621,898 Shares @ Rs 1250/ Share
EICHER MOTORS: NEW LAUNCH Royal Enfield to launch a new Bike Today
Could be the much-awaited new-generation Bullet 350 – NEW ROYAL ENFIELD BULLET 350
IOC | BPCL | HPCL: Government Writes To Oil Marketing Companies Asking Them To Decrease The Effective cost Of Subsidized Domestic LPG by Rs 200 per 14.2 Kg Cylinder With Effect From 30-August
@daytradertelugu
Zomato: SoftBank Group’s affiliate SVF Growth Singapore will sell a 1.17% stake in the company for at least Rs 940 crore. SVF Growth Singapore will sell 10 crore shares at a floor price of Rs 94 apiece, representing a 0.7% discount on Tuesday’s closing price.
MPS: Its subsidiary MPS Interactive Systems will acquire a 65% stake in Australia-based Liberate Group entities for AUD 9.32 million. The entities include Liberate Learning, Liberate eLearning, App-eLearn, and Liberate Learning (New Zealand). The remaining 35% shareholding will be acquired by MPSi in subsequent tranches.
ONGC: Company will invest about Rs 2 lakh crore to achieve zero carbon emissions by 2038, its chairman Arun Kumar Singh said on Tuesday. It will invest Rs 1 lakh crore by 2030 in setting up 10 gigawatts of renewable energy capacity, green ammonia plant, and offshore wind energy projects, the remaining would be used to achieve Scope-1 and 2 net zero carbon emissions.
Lupin: The drugmaker's Canada unit launched Propranolol LA (long-acting) capsules in 60 mg, 80 mg, 120 mg, and 160 mg.
GR Infraprojects: Two wholly owned subsidiaries have executed a concession agreement with the National Highways Authority of India for two projects in Karnataka worth a total of Rs 1,457 crore.
SBFC Finance: The company reported a standalone net profit of Rs 47 crore for the quarter ended June. Net interest income stood at Rs 141 crore.
HCL Tech: The company announced an exclusive preferred professional services agreement with Cloud Software Group to help implement, upgrade, modernise, and provide services for all TIBCO products for enterprise customers across the globe.
IndiaMart: The company submitted a Letter of Offer for the buyback of 12.5 lakh shares of face value of Rs 10 each not exceeding Rs 500 crore by way of tender offer on a proportionate basis.
Central Bank of India: The bank has entered into a strategic co-lending partnership with Samunnati Financial Intermediation & Services to offer agriculture and MSME loans at competitive rates. It will also tie up with IKF Home Finance to offer MSME and home loans at competitive rates.
Unichem Laboratories: The company announced that it has received ANDA approval for its Prasugrel Tablets USP, 5 mg and 10 mg, from the USFDA to market a generic version of Effient (Prasugrel) Tablets, 5 mg and 10 mg, from Cosette Pharmaceuticals, Inc.
Jupiter Wagons: The company will consider fundraising through any means in a board meeting on Sept. 5.
TVS Supply Chain Solutions: Current Executive Vice Chairman R Dinesh will take over as its Chairman with immediate effect after S Mahalingam stepped down. Two additional independent directors, K. Ananth Krishnan and Narayan K. Seshadri, were inducted, taking the total strength of the independent directors on the board to five.
Dalmia Bharat: Puneet Dalmia will take over as its MD and CEO of Dalmia Cement (Bharat) after Mahendra Singhi's decade-long tenure comes to an end on Dec. 8.
State Bank Of India: The bank received approval to set up a wholly-owned subsidiary, 'SBI Funds Management,' at IFSC Gift City.
PME Entertainment: Reports of Miss World 2023 Finale being held in Kashmir incorrect
The venue for the finale is to be finalized, will be announced officially at a later date
Suzlon: Avikiran Solar India downsizes Kutch project to 168 MW
STRIDES PHARMA SCIENCES: Board approves providing corporate guarantee aggregating to Rs 135 Crores on behalf of Stelis Biopharma Limited, an associate company of Strides
CAPACITE INFRA: GOLDMAN SACHS INVESTMENTS (MAURITIUS) I Sold 375,000 Shares @ Rs 203.19/ Share
AMI ORGANICS: Morgan Stanley Asia Singapore
BUY 621,898 Shares @ Rs 1250/ Share
EICHER MOTORS: NEW LAUNCH Royal Enfield to launch a new Bike Today
Could be the much-awaited new-generation Bullet 350 – NEW ROYAL ENFIELD BULLET 350
IOC | BPCL | HPCL: Government Writes To Oil Marketing Companies Asking Them To Decrease The Effective cost Of Subsidized Domestic LPG by Rs 200 per 14.2 Kg Cylinder With Effect From 30-August
@daytradertelugu
