STOCKS IN ACTION 3 October
HDFC Bank: The lender approved the appointment of Rakesh Kumar Rajput as Chief Compliance Officer for 3 years w.e.f. Oct. 1
Maruti Suzuki: The carmaker received a GST demand notice for Rs 139.3 crore.
Cipla: The drugmaker divested a 51% stake in Saba Investment, UAE, for a consideration of $6 million. Saba and its subsidiaries, viz., Cipla Middle East Pharmaceuticals FZ LLC, UAE, and Cipla Medica Pharmaceutical and Chemical Industries, Yemen, have ceased to be subsidiaries of the company.
Vedanta: The conglomerate announced the demerger of businesses into six listed companies. The company will demerge businesses into aluminium, oil and gas, power, steel, and metal companies. For every share held in a company, shareholders get one share of each of the five newly listed companies. The process is expected to be completed by September 2024.
Adani Total Gas: Nominee Director of TotalEnergies, Ahlem Friga-Noy, resigned w.e.f. Sept. 30 due to the restructuring of directorships and nominees of TotalEnergies Group in India.
Hero MotoCorp: The two-wheeler maker will increase the prices of select motorcycles and scooters by around 1% starting Oct. 3. The exact quantum of increase varies by specific models and markets.
Indus Tower: The company entered into a pact with IOC Phinergy for the deployment of 300 energy systems.
RVNL: The company won a Rs 1,097 crore order for infrastructural development in Himachal Pradesh from the HP State Electricity Board.
Kirloskar Industries: The company has acquired a 100% shareholding in Oliver Engineering for Rs 9 crore.
Kalpataru Projects International: The company bagged power transmission and distribution orders worth Rs 552 crore in Indian and overseas markets, and buildings and factories business orders worth Rs 464 crore in India.
Eris Lifesciences: The company entered into a term loan agreement of Rs 212 crore with HDFC Bank.
Astrazeneca: Rajesh Marwaha has retired as CFO, and Bhavana Agrawal will take over the role on Oct. 1.
RITES, CARE Ratings: The companies signed an MoU to explore consultancy work and collaborate on providing ESG consultancy services.
Suven Pharma: Advent International announced the completion of the acquisition of Suven Pharma.
Lemon Tree Hotels: The company signed a franchise agreement for an upcoming hotel in Somnath, Gujarat, which is expected to become operational in FY25.
Karnataka Bank: The bank enabled payment of GST through multiple modes of collection.
RBL Bank: The lender approved the appointment of Buvanesh Tharashankar as Chief Financial Officer, effective Sept. 29.
HUDCO: The company appointed Nishi Rani as chief compliant officer with effect from Sept. 29.
KPIT Technologies: The company completed the acquisition of Future Mobility Solutions GmbH with a payment of €8.199 million for the final tranche. The company acquired a 25% shareholding in 2021 and the remaining 75% over a six-month period beginning April 1, 2023, for a total consideration of €15.9 million.
ZEE: Wholly owned step-down subsidiary Zee UK Max is incorporated in the U.K. with an initial share capital of £25,000.
KFinTech: The company entered into a contract with Bank of Ayudhya Public Co. to offer fund administration and investment management solutions.
HAL: IAF To Buy 156 more Prachand’ Light Combat Helicopters for deployment along China, Pakistan Borders
BUTTERFLY GANDHIMATI:
Ananda Shalini Resigns As CFO Of The Co w.e.f. October 20, 2023
AUROBINDO PHARMA:
USFDA Issues Form 483 With 1 Observation For Unit VI - B, Mfg Facility In Telangana
Company Says Will Respond To USFDA & Work Closely To Close The Observation At The Earliest
GODREJ AGROVET:
To Set Up An Integrated Palm Oil Complex In Telangana With An Investment Of Rs 300 Crores
Will Also Establish A Nursery With A Capacity Of Up To 7 Lakh Saplings Per Year
GRANULES INDIA:
Receives ANDA Approval For Losartan & Hydrochlorothiazide Tablets
RAMKRISHNA FORGINGS:
Board Approves Raising Funds Up To Rs 1000 Crores Via QIP
HDFC Bank: The lender approved the appointment of Rakesh Kumar Rajput as Chief Compliance Officer for 3 years w.e.f. Oct. 1
Maruti Suzuki: The carmaker received a GST demand notice for Rs 139.3 crore.
Cipla: The drugmaker divested a 51% stake in Saba Investment, UAE, for a consideration of $6 million. Saba and its subsidiaries, viz., Cipla Middle East Pharmaceuticals FZ LLC, UAE, and Cipla Medica Pharmaceutical and Chemical Industries, Yemen, have ceased to be subsidiaries of the company.
Vedanta: The conglomerate announced the demerger of businesses into six listed companies. The company will demerge businesses into aluminium, oil and gas, power, steel, and metal companies. For every share held in a company, shareholders get one share of each of the five newly listed companies. The process is expected to be completed by September 2024.
Adani Total Gas: Nominee Director of TotalEnergies, Ahlem Friga-Noy, resigned w.e.f. Sept. 30 due to the restructuring of directorships and nominees of TotalEnergies Group in India.
Hero MotoCorp: The two-wheeler maker will increase the prices of select motorcycles and scooters by around 1% starting Oct. 3. The exact quantum of increase varies by specific models and markets.
Indus Tower: The company entered into a pact with IOC Phinergy for the deployment of 300 energy systems.
RVNL: The company won a Rs 1,097 crore order for infrastructural development in Himachal Pradesh from the HP State Electricity Board.
Kirloskar Industries: The company has acquired a 100% shareholding in Oliver Engineering for Rs 9 crore.
Kalpataru Projects International: The company bagged power transmission and distribution orders worth Rs 552 crore in Indian and overseas markets, and buildings and factories business orders worth Rs 464 crore in India.
Eris Lifesciences: The company entered into a term loan agreement of Rs 212 crore with HDFC Bank.
Astrazeneca: Rajesh Marwaha has retired as CFO, and Bhavana Agrawal will take over the role on Oct. 1.
RITES, CARE Ratings: The companies signed an MoU to explore consultancy work and collaborate on providing ESG consultancy services.
Suven Pharma: Advent International announced the completion of the acquisition of Suven Pharma.
Lemon Tree Hotels: The company signed a franchise agreement for an upcoming hotel in Somnath, Gujarat, which is expected to become operational in FY25.
Karnataka Bank: The bank enabled payment of GST through multiple modes of collection.
RBL Bank: The lender approved the appointment of Buvanesh Tharashankar as Chief Financial Officer, effective Sept. 29.
HUDCO: The company appointed Nishi Rani as chief compliant officer with effect from Sept. 29.
KPIT Technologies: The company completed the acquisition of Future Mobility Solutions GmbH with a payment of €8.199 million for the final tranche. The company acquired a 25% shareholding in 2021 and the remaining 75% over a six-month period beginning April 1, 2023, for a total consideration of €15.9 million.
ZEE: Wholly owned step-down subsidiary Zee UK Max is incorporated in the U.K. with an initial share capital of £25,000.
KFinTech: The company entered into a contract with Bank of Ayudhya Public Co. to offer fund administration and investment management solutions.
HAL: IAF To Buy 156 more Prachand’ Light Combat Helicopters for deployment along China, Pakistan Borders
BUTTERFLY GANDHIMATI:
Ananda Shalini Resigns As CFO Of The Co w.e.f. October 20, 2023
AUROBINDO PHARMA:
USFDA Issues Form 483 With 1 Observation For Unit VI - B, Mfg Facility In Telangana
Company Says Will Respond To USFDA & Work Closely To Close The Observation At The Earliest
GODREJ AGROVET:
To Set Up An Integrated Palm Oil Complex In Telangana With An Investment Of Rs 300 Crores
Will Also Establish A Nursery With A Capacity Of Up To 7 Lakh Saplings Per Year
GRANULES INDIA:
Receives ANDA Approval For Losartan & Hydrochlorothiazide Tablets
RAMKRISHNA FORGINGS:
Board Approves Raising Funds Up To Rs 1000 Crores Via QIP
