STOCKS IN ACTION 17 October
Grasim Industries: The board approved a fund raise of Rs 4,000 crore via rights issue to fund capex and repay debt.
Bombay Dyeing: The company has received consideration of about Rs 4,675 crore towards Phase-I, located at Worli, Mumbai, after signing a conveyance deed with a subsidiary of Sumitomo Realty. The proceeds realised will be used for repaying loans, and the balance will be invested in approved securities for future developments.
Jio Financial Services: The company named AR Ganesh as group Chief Technology Officer w.e.f. Oct. 16.
Mphasis: Ayaskant Sarangi is the new Chief Human Resource Officer (CHRO) as of Oct. 16. Srikanth Karra will remain in the Chief Administrative Officer role (CAO) to assist with the transition and superannuate from the company on April 29, 2024.
NLC India: The company incorporated a new wholly owned subsidiary, 'NLC India Green Energy' (NIGEL), which currently undertakes projects of 2 GW of renewable energy.
Data Patterns: The company announced a licencing and transfer of technology (ToT) agreement with IN-SPACe, an autonomous agency in the Department of Space. This agreement will provide data patterns with miniature SAR radar capability.
Uttam Sugar Mills: The Board redeemed 1,38,850 (6.50%) and 1,80,575 (10%) non-cumulative redeemable preference shares.
Electronics Mart India: The company has commenced the commercial operation of a new multi-brand store under the brand name ‘BAJAJ ELECTRONICS’ on Oct. 15 in Andhra Pradesh.
JK Paper: The Board approved the acquisition of Manipal Utility Packaging Solutions Pvt. (MUPSPL), which is engaged in the business of manufacturing packaging products with a revenue of Rs 147.77 crore in FY23.
ICICI Securities: The board approved the payment of an interim dividend of Rs 12 per equity share with a face value of Rs 5 each. The record date is set for Oct. 27, 2023.
Varun Beverages: The board approved the acquisition of 5.03% of the paid-up capital of the manufacturing subsidiary for Rs 10 crore, Lunarmech Technologies. Post-acquisition, Varun Beverages will hold a 60.07% stake in the company. The transaction is complete with immediate effect. It also approved an investment of Rs 1.92 crore for a 9.80% stake in Isharays Energy Two, a special-purpose vehicle b
Piramal Pharma: The company announced the launch of a high-throughput screening facility that augments the existing in-vitro biology capabilities at its drug discovery services site in Ahmedabad, India.
KEC International: The company bagged new orders worth Rs 1,315 crores in its transmission and cable business.
Coal India: The company expects to exceed its demand projection of 610 MT of supply to the country’s power plant for FY24 after supplies to thermal power plants shot up by close to 6% to 23.5 million MT during the first fortnight of October 2023.
Lemon Tree Hotels: The company signed an agreement for a 55-room property in Dehradun, Uttarakhand, under the brand “Keys Prime by Lemon Tree Hotels” and is expected to be operational by FY 2027.
Lupin: The company signed a business transfer agreement with the unit to carve out two API manufacturing sites.
Tata Power: The company signed a power distribution agreement with Endurance Technologies for setting up a 12.5 MW solar plant.
Som Distilleries: The breweries will manufacture Indian-made foreign liquor in Jammu and Kashmir.
Voltas: The company will consider debenture issues at the Oct. 19 board meeting.
Just Dial: Karnataka Industrial Areas Development Board (KIADB) has cancelled the allotment of land situated in Bengaluru Urban District
The financial impact of the aforesaid action is estimated to be up to Rs 19 cr
Oil India: approves Charter hire of 1 Semi-submersibte Drilling Unit at Rs 1283 cr
The board also approves extension of deadline for oil collecting Station at Nadua & Gas Gathering Station at East Khagorijan to April 30, 2024
Zydus Life: appoints Punit Patel as president, CEO (Americas)
@daytradertelugu
Grasim Industries: The board approved a fund raise of Rs 4,000 crore via rights issue to fund capex and repay debt.
Bombay Dyeing: The company has received consideration of about Rs 4,675 crore towards Phase-I, located at Worli, Mumbai, after signing a conveyance deed with a subsidiary of Sumitomo Realty. The proceeds realised will be used for repaying loans, and the balance will be invested in approved securities for future developments.
Jio Financial Services: The company named AR Ganesh as group Chief Technology Officer w.e.f. Oct. 16.
Mphasis: Ayaskant Sarangi is the new Chief Human Resource Officer (CHRO) as of Oct. 16. Srikanth Karra will remain in the Chief Administrative Officer role (CAO) to assist with the transition and superannuate from the company on April 29, 2024.
NLC India: The company incorporated a new wholly owned subsidiary, 'NLC India Green Energy' (NIGEL), which currently undertakes projects of 2 GW of renewable energy.
Data Patterns: The company announced a licencing and transfer of technology (ToT) agreement with IN-SPACe, an autonomous agency in the Department of Space. This agreement will provide data patterns with miniature SAR radar capability.
Uttam Sugar Mills: The Board redeemed 1,38,850 (6.50%) and 1,80,575 (10%) non-cumulative redeemable preference shares.
Electronics Mart India: The company has commenced the commercial operation of a new multi-brand store under the brand name ‘BAJAJ ELECTRONICS’ on Oct. 15 in Andhra Pradesh.
JK Paper: The Board approved the acquisition of Manipal Utility Packaging Solutions Pvt. (MUPSPL), which is engaged in the business of manufacturing packaging products with a revenue of Rs 147.77 crore in FY23.
ICICI Securities: The board approved the payment of an interim dividend of Rs 12 per equity share with a face value of Rs 5 each. The record date is set for Oct. 27, 2023.
Varun Beverages: The board approved the acquisition of 5.03% of the paid-up capital of the manufacturing subsidiary for Rs 10 crore, Lunarmech Technologies. Post-acquisition, Varun Beverages will hold a 60.07% stake in the company. The transaction is complete with immediate effect. It also approved an investment of Rs 1.92 crore for a 9.80% stake in Isharays Energy Two, a special-purpose vehicle b
Piramal Pharma: The company announced the launch of a high-throughput screening facility that augments the existing in-vitro biology capabilities at its drug discovery services site in Ahmedabad, India.
KEC International: The company bagged new orders worth Rs 1,315 crores in its transmission and cable business.
Coal India: The company expects to exceed its demand projection of 610 MT of supply to the country’s power plant for FY24 after supplies to thermal power plants shot up by close to 6% to 23.5 million MT during the first fortnight of October 2023.
Lemon Tree Hotels: The company signed an agreement for a 55-room property in Dehradun, Uttarakhand, under the brand “Keys Prime by Lemon Tree Hotels” and is expected to be operational by FY 2027.
Lupin: The company signed a business transfer agreement with the unit to carve out two API manufacturing sites.
Tata Power: The company signed a power distribution agreement with Endurance Technologies for setting up a 12.5 MW solar plant.
Som Distilleries: The breweries will manufacture Indian-made foreign liquor in Jammu and Kashmir.
Voltas: The company will consider debenture issues at the Oct. 19 board meeting.
Just Dial: Karnataka Industrial Areas Development Board (KIADB) has cancelled the allotment of land situated in Bengaluru Urban District
The financial impact of the aforesaid action is estimated to be up to Rs 19 cr
Oil India: approves Charter hire of 1 Semi-submersibte Drilling Unit at Rs 1283 cr
The board also approves extension of deadline for oil collecting Station at Nadua & Gas Gathering Station at East Khagorijan to April 30, 2024
Zydus Life: appoints Punit Patel as president, CEO (Americas)
@daytradertelugu
