STOCKS IN ACTION 25 October
Tech Mahindra: The company's U.S.A. unit approved divesting 30% holding in Avion Networks Inc. The stake is to be divested for a consideration of $50,000, and the divestment is to be completed by Oct. 31.
Llyods Metals and Energy: Mahendra Singh Mehta was appointed as an additional independent director of the company for a term of five years.
Lupin: The company received approval from the U.S. FDA for its abbreviated new drug application for Fluconazole Tablets, USP.
Krishna Institute of Medical Sciences: The company's subsidiary, KIMS Hospital Enterprises Pvt., acquired an additional 12.09% equity stake in Kondapur Healthcare for Rs 24.11 crore. The company's total equity stake in Kondapur Healthcare now stands at 37.18%.
LTIMindtree: The company won the prestigious Golden Peacock Award in 2023 for its sustainability efforts.
Power Mech Projects: The company's fund-raising committee approved raising up to Rs 350 crore via QIP. The company will allot 9.02 lakh equity shares at an issue price of Rs 3,881.17 apiece, which is at a discount of Rs 204.27 per equity share.
KPI Green Energy: The company received an order from Sustainable Spinning and Commodities Pvt. for executing the Wind-Solar Hybrid Power Project for 4.20 MW capacity, comprising 4.20 MW wind and 3.60 MW solar capacity.
Adani Ports and SEZ: The company incorporated a wholly owned subsidiary company, Udanvat Leasing IFSC, for Rs 2.5 crore. Udanvat will carry out the business of owning and leasing aircraft.
Trident: Vinod Kumar Goyal was appointed as the CEO of the company's yarn business.
Signatureglobal (India): The company entered into a sale deed for acquiring a land parcel measuring approximately 25.75 acres in Gurugram, Haryana, for the development of a group housing project.
Shoppers Stop: The company has invested an additional Rs 5 crore in the preference share capital of its wholly-owned subsidiary, Global SS Beauty Brands. The investment was made by way of subscription to the rights issue of an additional 500 non-cumulative optionally convertible preference shares of Rs 1 lakh
Delta Corp: Goa bench of Bombay HC directs DG GST Hyderabad not to pass final orders on Rs 16,195 cr tax notice, HC directs DG GST not to pass final orders without prior permission of the court, Delta Corp says
Nvidia: to challenge Intel with arm-based processors for PCs
Shoppers Stop: makes further investment of Rs 5 cr in Global SS Beauty Brands via
Reliance: Disney may sell a controlling stake in the Disney Star business valued at around $10 billion. Whereas, Reliance views the assets at between $7 billion to $8 billion, according to Bloomberg's sources.
Siemens: files writ petition before Bombay High Court challenging Show Cause Notice (SCN) issued by the GST authority.Expected financial implications, if any, due to compensation, penalty stands at Rs 247 cr, Siemens says.
Paytm's: Vijay Shekhar Sharma launches VSS Investments' to invest in India's AI & EV sectors
BHEL: Appointment Committee of Cabinet (ACC) approves appointment of Koppu Murthy as Chairman & MD
Vedanta: Company’s CFO Sonal Srivastava resigned with effect from October-24
Company's Release Says As part of Vedanta’s structured re-hiring program called ‘Gharwapsi’, Mr. Ajay Goel joins back the Company (had left to join Byju's in April)
KAYNES TECHNOLOGY:
Intimation of Ground Breaking Ceremony (Bhoomi Pooja) of Outsourced Semiconductor Assembly and Test (OSAT) - Semiconductor Engineering facility at Kongara Kalan, Telangana State
AVENUE SUPERMARTS:
Opens a new store at Kancharapalem, Andhra Pradesh
SONATA SOFTWARE:
BOARDMEET
Says Along With Results Board May Consider Proposal For Bonus Issue Of Shares
INFOSYS: EX-DATE & RECORD DATE On Wednesday (25-Oct)
Interim Dividend = Rs 18/ Share
Tech Mahindra: The company's U.S.A. unit approved divesting 30% holding in Avion Networks Inc. The stake is to be divested for a consideration of $50,000, and the divestment is to be completed by Oct. 31.
Llyods Metals and Energy: Mahendra Singh Mehta was appointed as an additional independent director of the company for a term of five years.
Lupin: The company received approval from the U.S. FDA for its abbreviated new drug application for Fluconazole Tablets, USP.
Krishna Institute of Medical Sciences: The company's subsidiary, KIMS Hospital Enterprises Pvt., acquired an additional 12.09% equity stake in Kondapur Healthcare for Rs 24.11 crore. The company's total equity stake in Kondapur Healthcare now stands at 37.18%.
LTIMindtree: The company won the prestigious Golden Peacock Award in 2023 for its sustainability efforts.
Power Mech Projects: The company's fund-raising committee approved raising up to Rs 350 crore via QIP. The company will allot 9.02 lakh equity shares at an issue price of Rs 3,881.17 apiece, which is at a discount of Rs 204.27 per equity share.
KPI Green Energy: The company received an order from Sustainable Spinning and Commodities Pvt. for executing the Wind-Solar Hybrid Power Project for 4.20 MW capacity, comprising 4.20 MW wind and 3.60 MW solar capacity.
Adani Ports and SEZ: The company incorporated a wholly owned subsidiary company, Udanvat Leasing IFSC, for Rs 2.5 crore. Udanvat will carry out the business of owning and leasing aircraft.
Trident: Vinod Kumar Goyal was appointed as the CEO of the company's yarn business.
Signatureglobal (India): The company entered into a sale deed for acquiring a land parcel measuring approximately 25.75 acres in Gurugram, Haryana, for the development of a group housing project.
Shoppers Stop: The company has invested an additional Rs 5 crore in the preference share capital of its wholly-owned subsidiary, Global SS Beauty Brands. The investment was made by way of subscription to the rights issue of an additional 500 non-cumulative optionally convertible preference shares of Rs 1 lakh
Delta Corp: Goa bench of Bombay HC directs DG GST Hyderabad not to pass final orders on Rs 16,195 cr tax notice, HC directs DG GST not to pass final orders without prior permission of the court, Delta Corp says
Nvidia: to challenge Intel with arm-based processors for PCs
Shoppers Stop: makes further investment of Rs 5 cr in Global SS Beauty Brands via
Reliance: Disney may sell a controlling stake in the Disney Star business valued at around $10 billion. Whereas, Reliance views the assets at between $7 billion to $8 billion, according to Bloomberg's sources.
Siemens: files writ petition before Bombay High Court challenging Show Cause Notice (SCN) issued by the GST authority.Expected financial implications, if any, due to compensation, penalty stands at Rs 247 cr, Siemens says.
Paytm's: Vijay Shekhar Sharma launches VSS Investments' to invest in India's AI & EV sectors
BHEL: Appointment Committee of Cabinet (ACC) approves appointment of Koppu Murthy as Chairman & MD
Vedanta: Company’s CFO Sonal Srivastava resigned with effect from October-24
Company's Release Says As part of Vedanta’s structured re-hiring program called ‘Gharwapsi’, Mr. Ajay Goel joins back the Company (had left to join Byju's in April)
KAYNES TECHNOLOGY:
Intimation of Ground Breaking Ceremony (Bhoomi Pooja) of Outsourced Semiconductor Assembly and Test (OSAT) - Semiconductor Engineering facility at Kongara Kalan, Telangana State
AVENUE SUPERMARTS:
Opens a new store at Kancharapalem, Andhra Pradesh
SONATA SOFTWARE:
BOARDMEET
Says Along With Results Board May Consider Proposal For Bonus Issue Of Shares
INFOSYS: EX-DATE & RECORD DATE On Wednesday (25-Oct)
Interim Dividend = Rs 18/ Share
