STOCKS IN ACTION 23 October
DCB Bank: The bank's board recommended names of candidates for position of MD & CEO. Current MD & CEO Murali Natrajan's term to end on April 28, 2024.
JSW Steel: Periama Holdings to acquire remaining 10% stake in JSW USA. Stake to be bought from Green Suppliers and Services for a consideration of $1,000. Following the acquisition, Periama will hold 100% stake in JSW USA.
Samvardhana Motherson: Company unit in pact to buy 100% stake in France's Topco for €35 million. Topco manufactures components for aircraft engines and medical devices. The company is also in a pact to buy 73.05% stake in Irillic Private and will hold 74.19% of the share capital of the target.
Adani Energy Solutions: The company received smart meter LOAs worth Rs 17,000 crore. It Added 219 circuit kilometers to operational network and also sold 2,446 million units, up 9.53% year-on-year.Adani Green Energy announced the resignation of Ahlem Friga-Noy as nominee director w.e.f. Oct. 23
Zydus Lifesciences: The company received U.S. FDA approval for ANDA of Sitagliptin tablets, which is used to treat adult patients with type 2 diabetes mellitus.
Power Grid Corporation of India: The company will invest Rs 119.95 crore in its Eastern Region Expansion Scheme.
JSW Energy: The company appointed Ashok Ramachandran as COO effective Oct. 20.
Tata Power Renewable Energy: The company signed a 12.5 MW PDA with Supreme Petrochem in Achegaon, Maharashtra. Plant expected to reduce carbon emissions by 20,075 metric tonnes annually.
Tejas Networks: The company appointed Sumit Dhingra as CFO effective Dec. 1.
ONGC: Participates in the bidding process for the acquisition of a 100% stake of PTC Energy, a wholly owned subsidiary of PTC India.
Blue Star: The company received a Rs 3.4 crore demand notice from Mumbai Stamps Collector. The demand is based on alleged non-payment of stamp duty from 2008.
Aditya Birla Fashion and Retail: The company's unit is to buy a 51% stake in Styleverse Lifestyle for Rs 155 crore. The Acquisition is part of the company's expansion of digital-first brands.
Astral: The company completed the acquisition of 80% shares of Gem Paints (51% against redemption of optionally convertible debentures amounting to Rs 194 crores and 29% towards the second tranche). Balance 20% equity stake will be acquired over a period of 5 years.
LIC: The company informed the stake increase in Housing & Urban Development Corporation from 10.45 crore shares to 17.82 crore shares, increasing the stake from 5.22% to 8.90%.
Paras Defence: Board of Directors approved the incorporation of a wholly owned subsidiary named Quantico Technologies, which will develop end-to-end solutions for Quantum Technologies (who is associated with United States and is included in the 5th Positive Indigenisation List).
Sheela Foam: The company updated that it has completed the acquisition of 94.66% of the share capital of Kurlon Enterprise.
Himadri Specialty Chemical: NCLT has approved the resolution plan for acquisition of BTL under the corporate insolvency process.
IPCA LABS: Company's Ratlam, Madhya Pradesh Manufacturing Facility Receives Establishment Inspection Report Classifies the facility as 'Voluntary Action Indicated'
Lemon Tree Hotels: signs a License Agreement a 49 rooms property in Kasauli, Himachal PradeshThe hotel is expected to be operational by FY 2025
BPCL: receives notice to pay environmental compensation of Rs 2 cr to Central Pollution Control Board(CPCB), for non-installation of Vapour Recovery Systems within timeline, in petrol refueling stations and storage terminals.
Kotak Mahindra Bank Q2 Results: Net Profit rises 25% to ₹3,191 crore
Yes Bank Q2 results: Net profit rises over 47% to ₹225.2 crore
Arvind SmartSpaces: signs new residential apartment project in Bengaluru, with a total estimated saleable area of ~4.6 lakh sq. ft. and a top-line potential of approx Rs. 400 Cr
@daytradertelugu
DCB Bank: The bank's board recommended names of candidates for position of MD & CEO. Current MD & CEO Murali Natrajan's term to end on April 28, 2024.
JSW Steel: Periama Holdings to acquire remaining 10% stake in JSW USA. Stake to be bought from Green Suppliers and Services for a consideration of $1,000. Following the acquisition, Periama will hold 100% stake in JSW USA.
Samvardhana Motherson: Company unit in pact to buy 100% stake in France's Topco for €35 million. Topco manufactures components for aircraft engines and medical devices. The company is also in a pact to buy 73.05% stake in Irillic Private and will hold 74.19% of the share capital of the target.
Adani Energy Solutions: The company received smart meter LOAs worth Rs 17,000 crore. It Added 219 circuit kilometers to operational network and also sold 2,446 million units, up 9.53% year-on-year.Adani Green Energy announced the resignation of Ahlem Friga-Noy as nominee director w.e.f. Oct. 23
Zydus Lifesciences: The company received U.S. FDA approval for ANDA of Sitagliptin tablets, which is used to treat adult patients with type 2 diabetes mellitus.
Power Grid Corporation of India: The company will invest Rs 119.95 crore in its Eastern Region Expansion Scheme.
JSW Energy: The company appointed Ashok Ramachandran as COO effective Oct. 20.
Tata Power Renewable Energy: The company signed a 12.5 MW PDA with Supreme Petrochem in Achegaon, Maharashtra. Plant expected to reduce carbon emissions by 20,075 metric tonnes annually.
Tejas Networks: The company appointed Sumit Dhingra as CFO effective Dec. 1.
ONGC: Participates in the bidding process for the acquisition of a 100% stake of PTC Energy, a wholly owned subsidiary of PTC India.
Blue Star: The company received a Rs 3.4 crore demand notice from Mumbai Stamps Collector. The demand is based on alleged non-payment of stamp duty from 2008.
Aditya Birla Fashion and Retail: The company's unit is to buy a 51% stake in Styleverse Lifestyle for Rs 155 crore. The Acquisition is part of the company's expansion of digital-first brands.
Astral: The company completed the acquisition of 80% shares of Gem Paints (51% against redemption of optionally convertible debentures amounting to Rs 194 crores and 29% towards the second tranche). Balance 20% equity stake will be acquired over a period of 5 years.
LIC: The company informed the stake increase in Housing & Urban Development Corporation from 10.45 crore shares to 17.82 crore shares, increasing the stake from 5.22% to 8.90%.
Paras Defence: Board of Directors approved the incorporation of a wholly owned subsidiary named Quantico Technologies, which will develop end-to-end solutions for Quantum Technologies (who is associated with United States and is included in the 5th Positive Indigenisation List).
Sheela Foam: The company updated that it has completed the acquisition of 94.66% of the share capital of Kurlon Enterprise.
Himadri Specialty Chemical: NCLT has approved the resolution plan for acquisition of BTL under the corporate insolvency process.
IPCA LABS: Company's Ratlam, Madhya Pradesh Manufacturing Facility Receives Establishment Inspection Report Classifies the facility as 'Voluntary Action Indicated'
Lemon Tree Hotels: signs a License Agreement a 49 rooms property in Kasauli, Himachal PradeshThe hotel is expected to be operational by FY 2025
BPCL: receives notice to pay environmental compensation of Rs 2 cr to Central Pollution Control Board(CPCB), for non-installation of Vapour Recovery Systems within timeline, in petrol refueling stations and storage terminals.
Kotak Mahindra Bank Q2 Results: Net Profit rises 25% to ₹3,191 crore
Yes Bank Q2 results: Net profit rises over 47% to ₹225.2 crore
Arvind SmartSpaces: signs new residential apartment project in Bengaluru, with a total estimated saleable area of ~4.6 lakh sq. ft. and a top-line potential of approx Rs. 400 Cr
@daytradertelugu
