Oil India: Ajit Chandra Haloi, Executive Director, to superannuate from services on the closure of working hours on Oct. 31.
Tejas Networks: The company received government approval to appoint Anand S. Athreya as Executive Director (Managing Director and CEO Designate) from April 21, 2023 to June 20, 2023 and as Managing Director and CEO from June 21, 2023 to April 20, 2028.
Ethos: The company approved the floor price for its preliminary placement at Rs. 1,627.49 per equity share. The company may offer a discount of not more than 5% on the floor price, as calculated for the issue.
Inox Wind Energy: The company successfully raised Rs 800 crore via the sale of shares of Inox Winds via block deals on stock exchanges. The transaction witnessed strong participation from long-only domestic and foreign institutional investors. It reduced its stake in Inox Wind to 38.4% from 50.2% earlier.
Birlasoft: The company approves an interim dividend of Rs 2.5 per share with a face value of Rs 2 each for FY24. The company also appointed Satyavati Berera as an independent director, not liable to retire by rotation. The appointment is for a period of five years, effective Oct. 31, 2023.
CSB Bank: The company entered into an agreement with Oracle Financial Services Software for the procurement of the new Core Banking Solution (CBS) for the bank.
GR Infraprojects: The company entered into a share purchase agreement with Aadharshila Infratech for the transfer of 21% of the equity shares being held by it to its wholly owned subsidiary, namely Nagaur Mukundgarh Highways Private Limited. NMHPL would cease to be a wholly owned subsidiary of the company.
Power Mech: The company received an award worth Rs 355 crore from Bharat Heavy Electricals. Order related to erection, commissioning and trial at the BHEU client's stores or storage yard, transportation to the site and handing over of the boiler and its auxiliaries, power cycle piping, and steam turbine generators of units 1 and 2 at 2x660 MW NTPC, Talcher, Odisha.
Vardhaman Textiles: Yarn Production in Q2 at 53564 metric tonnes vs. 63406 the previous quarter. Grey fabric production stood at 469 lakh metres vs. 430 in Q1.
Larsen and Toubro: Company to incorporate fabless semiconductor chip arm with Rs 830 crore investment The order book at the end of Q2 stood at Rs 4.51 lakh crore, up 21% YoY. The company appoints Ajay Tyagi as an independent director for five years.
Oberoi Realty: The company's wholly owned subsidiary, Sight Realty, executed a SPA and divested its entire 33% stake in JV Metropark Infratech and Realty Developments for a consideration of Rs 55.19 lakh. The buyer, Dipak Sharma, is an existing shareholder of the JV.
NBCC: The company gets two orders worth Rs 100.79 crore. Order received for LED Flood Light in Dampa Tiger Reserve Forest in Mizoram for Rs 60.79 crore and order for construction of phase A and B works for JNV Khagariya in Bihar for Rs 40 crore.
Aster DM Healthcare: Aster DM Healthcare (Trivandrum), a wholly owned subsidiary of the company, launched Whitefield Hospital, a 506-bed multispecialty hospital at Whitefield, Bengaluru, on Oct. 31. The new hospital will offer Aster’s Centres of Excellence in Oncology, Cardiac Sciences, Neurosciences, Astroenterology, Women and Child Care, and more.
United Spirits: A board-approved multi-year supply chain agility programme is expected to strengthen the end-to-end supply chain, thereby making it fit for the future. As a result, the company has closed factory operations at its manufacturing unit located in Rosa, UP.
KEI Industries: The company has invested approx. Rs 30 crore in phase 1 for capacity addition of LT Power Cable at Silvasa Plant.
360 One Wam: The company incorporates a wholly owned subsidiary, ‘360 ONE Alternates Asset Management Limited, on Oct. 31.
Dhampur Sugar Mills: The company withdraws a writ petition filed by the UP Sugar Mill Association that created a financial liability of Rs 18 crore for the company.
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Tejas Networks: The company received government approval to appoint Anand S. Athreya as Executive Director (Managing Director and CEO Designate) from April 21, 2023 to June 20, 2023 and as Managing Director and CEO from June 21, 2023 to April 20, 2028.
Ethos: The company approved the floor price for its preliminary placement at Rs. 1,627.49 per equity share. The company may offer a discount of not more than 5% on the floor price, as calculated for the issue.
Inox Wind Energy: The company successfully raised Rs 800 crore via the sale of shares of Inox Winds via block deals on stock exchanges. The transaction witnessed strong participation from long-only domestic and foreign institutional investors. It reduced its stake in Inox Wind to 38.4% from 50.2% earlier.
Birlasoft: The company approves an interim dividend of Rs 2.5 per share with a face value of Rs 2 each for FY24. The company also appointed Satyavati Berera as an independent director, not liable to retire by rotation. The appointment is for a period of five years, effective Oct. 31, 2023.
CSB Bank: The company entered into an agreement with Oracle Financial Services Software for the procurement of the new Core Banking Solution (CBS) for the bank.
GR Infraprojects: The company entered into a share purchase agreement with Aadharshila Infratech for the transfer of 21% of the equity shares being held by it to its wholly owned subsidiary, namely Nagaur Mukundgarh Highways Private Limited. NMHPL would cease to be a wholly owned subsidiary of the company.
Power Mech: The company received an award worth Rs 355 crore from Bharat Heavy Electricals. Order related to erection, commissioning and trial at the BHEU client's stores or storage yard, transportation to the site and handing over of the boiler and its auxiliaries, power cycle piping, and steam turbine generators of units 1 and 2 at 2x660 MW NTPC, Talcher, Odisha.
Vardhaman Textiles: Yarn Production in Q2 at 53564 metric tonnes vs. 63406 the previous quarter. Grey fabric production stood at 469 lakh metres vs. 430 in Q1.
Larsen and Toubro: Company to incorporate fabless semiconductor chip arm with Rs 830 crore investment The order book at the end of Q2 stood at Rs 4.51 lakh crore, up 21% YoY. The company appoints Ajay Tyagi as an independent director for five years.
Oberoi Realty: The company's wholly owned subsidiary, Sight Realty, executed a SPA and divested its entire 33% stake in JV Metropark Infratech and Realty Developments for a consideration of Rs 55.19 lakh. The buyer, Dipak Sharma, is an existing shareholder of the JV.
NBCC: The company gets two orders worth Rs 100.79 crore. Order received for LED Flood Light in Dampa Tiger Reserve Forest in Mizoram for Rs 60.79 crore and order for construction of phase A and B works for JNV Khagariya in Bihar for Rs 40 crore.
Aster DM Healthcare: Aster DM Healthcare (Trivandrum), a wholly owned subsidiary of the company, launched Whitefield Hospital, a 506-bed multispecialty hospital at Whitefield, Bengaluru, on Oct. 31. The new hospital will offer Aster’s Centres of Excellence in Oncology, Cardiac Sciences, Neurosciences, Astroenterology, Women and Child Care, and more.
United Spirits: A board-approved multi-year supply chain agility programme is expected to strengthen the end-to-end supply chain, thereby making it fit for the future. As a result, the company has closed factory operations at its manufacturing unit located in Rosa, UP.
KEI Industries: The company has invested approx. Rs 30 crore in phase 1 for capacity addition of LT Power Cable at Silvasa Plant.
360 One Wam: The company incorporates a wholly owned subsidiary, ‘360 ONE Alternates Asset Management Limited, on Oct. 31.
Dhampur Sugar Mills: The company withdraws a writ petition filed by the UP Sugar Mill Association that created a financial liability of Rs 18 crore for the company.
@daytradertelugu
