STOCKS IN ACTION 19 October
Bandhan Bank: The lender's head of finance & accounts, Abhijit Ghosh was appointed as the Interim CFO and Key Managerial Personnel of the Bank, with effect from Oct. 20 2023.
Wipro: The IT major's board approved the merger of its five wholly owned subsidiaries into self.
GPT Infraprojects: The company received Rs 739 crore contract to construct Prayagraj Southern Bypass in Uttar Pradesh.
Infosys: The company inked pact with Google Cloud for providing enterprise solutions for AI-first organisations.
Mastek: The company signed digital service contracts with U.K. Government to deliver technical service desk for the One Login Programme.
IIFL Finance: The NBFC approved raising funds up to Rs 3,000 crore via equity, convertible instruments.
Crompton Greaves: The company appointed D Sundaram as the Chairperson. It also appointed Anil Chaudhry and Sanjiv Kakkar as the Non-Executive Independent Directors w.e.f. Oct. 17.
ITC: The company raised stake in Delectable Technologies to 39.32% by acquiring an additional 6% stake for Rs 3.5 crore.
RPG Lifesciences: The board of directors executed power delivery agreement with Sunpound Solar, a SPV for the supply of electricity by power producer to the company, by setting up a group captive solar power project in Maharashtra. The company will invest Rs 1.1 crore to subscribe to 26% share capital of Sunpound Solar.
Power Mech Projects: The company's board approved and authorized the opening of the QIP issue on Oct. 18. The floor price is set at Rs 4,085.44 apiece.
Tata Steel: NCLT sanctioned the scheme of amalgamation amongst Tata Steel Long Products and Tata Steel.
PowerGrid: The electrical services company received notification for commercial operation for Eastern Region Strengthening Scheme – XVII (Part-B) project. The project had commissioned with effect from Aug. 8 2023.
Alkyl Amines: The newly set up plant at existing Kurkumbh site, Maharashtra for enhancing manufacturing capacity of Ethyl Amines has successfully commenced commercial production on Oct. 18.
Allcargo Logistics: The company reported a 1% decline in LCL volumes year-on-year and 4% decline quarter-on-quarter for September 2023. Overall muted demand led to a softer print for the quarter with Q2 FY24 LCL volumes declining 3% year-on-year to 2,294 ‘000cbm.
Coromandel International: The company commissioned sulfuric acid plant & desalination plant at Visakhapatnam with the production capacity of 1,650 metric tonnes per day. With this, Coromandel’s sulfuric acid capacity will increase to 11 lakh tonnes per annum from 6 lakh tonnes per annum.
HUDCO: The company will exercise the oversubscription option to the extent of 7 crore shares (3.5% stake) in addition to the base offer size. Total offer size is now for 14 crore shares (7% stake) and 1.4 crore shares would be reserved for allocation to retail investors.
Uno Minda: The company received a no-objection letter from NSE and BSE regarding the scheme of amalgamation with Kosei Minda Aluminium company and Kosei Minda Mould.
TV Today: CEO of Tak Channels and Consultant, Vivek Gaur, has tendered his resignation from the company to pursue other opportunities.
Dabur: Certain consumers alleged that hair relaxer products caused ovarian cancer, uterine cancer
Currently there are approximately 5400 cases in the MDL Any final claim settlement amount is neither probable nor estimable at present
Bajaj Healthcare: commissions Alkaloid extraction plant at Vadodara, Gujarat Unit
Trident: Income Tax Department conducting a search at premises since yesterday
The entire IT assets of all the senior officials under control of Income Tax Department for scrutiny
Lemon Tree: signs licence pact for 72-room hotel in Badrinath
VA TECH WABAG:
Pankaj Malhan Resigns As Dy MD & Group CEO Of The Co w.e.f. October 30
RITES: Signs MoU With Spain’s INTECSA-INARSA, S.A.U To Explore Business Avenues In Guyana & Colombia
DIVGI TORQTRANSFER:
Large Trade MOTILAL OSWAL MUTUAL FUND Sold 10,34,225 Shares ICICI PRUDENTIAL MUTUAL FUND BUY 623,646 Shares
@daytradertelugu
Bandhan Bank: The lender's head of finance & accounts, Abhijit Ghosh was appointed as the Interim CFO and Key Managerial Personnel of the Bank, with effect from Oct. 20 2023.
Wipro: The IT major's board approved the merger of its five wholly owned subsidiaries into self.
GPT Infraprojects: The company received Rs 739 crore contract to construct Prayagraj Southern Bypass in Uttar Pradesh.
Infosys: The company inked pact with Google Cloud for providing enterprise solutions for AI-first organisations.
Mastek: The company signed digital service contracts with U.K. Government to deliver technical service desk for the One Login Programme.
IIFL Finance: The NBFC approved raising funds up to Rs 3,000 crore via equity, convertible instruments.
Crompton Greaves: The company appointed D Sundaram as the Chairperson. It also appointed Anil Chaudhry and Sanjiv Kakkar as the Non-Executive Independent Directors w.e.f. Oct. 17.
ITC: The company raised stake in Delectable Technologies to 39.32% by acquiring an additional 6% stake for Rs 3.5 crore.
RPG Lifesciences: The board of directors executed power delivery agreement with Sunpound Solar, a SPV for the supply of electricity by power producer to the company, by setting up a group captive solar power project in Maharashtra. The company will invest Rs 1.1 crore to subscribe to 26% share capital of Sunpound Solar.
Power Mech Projects: The company's board approved and authorized the opening of the QIP issue on Oct. 18. The floor price is set at Rs 4,085.44 apiece.
Tata Steel: NCLT sanctioned the scheme of amalgamation amongst Tata Steel Long Products and Tata Steel.
PowerGrid: The electrical services company received notification for commercial operation for Eastern Region Strengthening Scheme – XVII (Part-B) project. The project had commissioned with effect from Aug. 8 2023.
Alkyl Amines: The newly set up plant at existing Kurkumbh site, Maharashtra for enhancing manufacturing capacity of Ethyl Amines has successfully commenced commercial production on Oct. 18.
Allcargo Logistics: The company reported a 1% decline in LCL volumes year-on-year and 4% decline quarter-on-quarter for September 2023. Overall muted demand led to a softer print for the quarter with Q2 FY24 LCL volumes declining 3% year-on-year to 2,294 ‘000cbm.
Coromandel International: The company commissioned sulfuric acid plant & desalination plant at Visakhapatnam with the production capacity of 1,650 metric tonnes per day. With this, Coromandel’s sulfuric acid capacity will increase to 11 lakh tonnes per annum from 6 lakh tonnes per annum.
HUDCO: The company will exercise the oversubscription option to the extent of 7 crore shares (3.5% stake) in addition to the base offer size. Total offer size is now for 14 crore shares (7% stake) and 1.4 crore shares would be reserved for allocation to retail investors.
Uno Minda: The company received a no-objection letter from NSE and BSE regarding the scheme of amalgamation with Kosei Minda Aluminium company and Kosei Minda Mould.
TV Today: CEO of Tak Channels and Consultant, Vivek Gaur, has tendered his resignation from the company to pursue other opportunities.
Dabur: Certain consumers alleged that hair relaxer products caused ovarian cancer, uterine cancer
Currently there are approximately 5400 cases in the MDL Any final claim settlement amount is neither probable nor estimable at present
Bajaj Healthcare: commissions Alkaloid extraction plant at Vadodara, Gujarat Unit
Trident: Income Tax Department conducting a search at premises since yesterday
The entire IT assets of all the senior officials under control of Income Tax Department for scrutiny
Lemon Tree: signs licence pact for 72-room hotel in Badrinath
VA TECH WABAG:
Pankaj Malhan Resigns As Dy MD & Group CEO Of The Co w.e.f. October 30
RITES: Signs MoU With Spain’s INTECSA-INARSA, S.A.U To Explore Business Avenues In Guyana & Colombia
DIVGI TORQTRANSFER:
Large Trade MOTILAL OSWAL MUTUAL FUND Sold 10,34,225 Shares ICICI PRUDENTIAL MUTUAL FUND BUY 623,646 Shares
@daytradertelugu
