STOCKS IN ACTION 14 DECEMBER
State Bank of India: The lender will be signing a 70 million Euro line of credit with KfW (German Development Bank) for supporting solar PV projects in India.
NBCC: The company received an order worth Rs 1,500 crore from the National Cooperative Development Corporation for the construction of 1,469 warehouses and other agri-infrastructure across India.
RBL Bank: The company acquired an 8.51% stake in ONDC for Rs 40 crore.
HDFC Bank: HDFC Life received an exchange's nod for reclassifying Abrdn Mauritius Holdings to the 'Public' category from 'Promoter'.
Reliance Industries: Moody's Investors Service affirmed the company's 'Baa2' domestic long-term issuer rating and foreign currency senior unsecured rating.
Biocon: The company unit Bicara completed $165 million in Series C funding. Post-funding, the company's shareholding in Bicara on a fully diluted basis will fall below 20% and thereby, Bicara will cease to be an associate company of Biocon Ltd.
Indian Railway Catering and Tourism Corporation: The company eyes major expansion in the non-railway catering business pan-India. It has already signed MoUs with various governments and autonomous bodies.
Religare Enterprises: The Securities and Exchange Board of India suspended the company's unit, Religare Commodities, as a commodities derivatives broker for three months.
Vedanta: The company will consider and approve the second interim dividend on equity shares on Dec. 18.
GMM Pfaudler: The Patel Family acquired a 1% stake in the company through an inter-se transfer at Rs 1,700 per share. The Patel family shareholding now stands at 25.18% and remains the largest shareholder of the company.
Signatureglobal India: The company completed the purchase of a 19% stake in Gurugram Commercity as part of its first tranche. It had acquired a land parcel measuring 25.14 acres in Gurugram with a development potential of approximately 5.49 million square feet.
South Indian Bank: During a preliminary internal investigation, certain fraudulent acts were committed in one of the branches by an employee of the bank, involving an amount of Rs 28.07
crore.
Gokul Agro Resources: Unit Maurigo Indo Holdings acquired a 25% stake in Indonesian palm oil processing company PT. Riya Pasifik Nabati to expand business.
Dreamfolks Services: The company approved the proposal for voluntarily striking off the name of its unit, Dreamfolks Hospitality, which has been inoperative since FY17.
PNC Infratech: The company accepted the Rs 394 crore offered by NHAI to settle a dispute raised by its subsidiary.
Escorts Kubota: Harish Lalchandani Resigns As Chief Officer – Agri Machinery Business Division of Escorts Kubota w.e.f. February 28, 2024
NBCC: gets work order worth Rs 1,500 crore from National Cooperative Development Corporation
KRISHNA DEFENCE & ALLIED INDUSTRIES:
APPROVED PREFERENTIAL ISSUE OF SHARES WORTH UP TO 429.6M RUPEES TO ISSUE CONVERTIBLE WARRANTS WORTH UPTO 261.4M RUPEES TO ISSUE CONVERTIBLE WARRANTS VIA PREFERENTIAL ISSUE AT PRICE OF 304 RUPEES PER WARRANT
TATA STEEL: THE HENRY ROYCE INSTITUTE SIGN MOU TO SET UP CENTRE FOR INNOVATION IN ADVANCED MATERIALS
COMMITS £10M OVER 4 YEARS TO JOINT R&D INITIATIVE WITH THE HENRY ROYCE INSTITUTE
GOA CARBON:
CO SAYS SUPREME COURT ALLOWED STATE AUTHORITIES TO PROCEED WITH ASSESSMENT OF GREEN CESS, ISSUE FORMAL DEMAND TO
SUPREME COURT DIRECTED CO SHALL PAY ONLY 50% OF DEMAND AMOUNT RAISED BY STATE TAX AUTHORITIES
SAYS SUPREME COURT STAYED PAYMENT OF BALANCE 50% OF DEMAND AMOUNT PENDING FURTHER ORDER
@daytradertelugu
State Bank of India: The lender will be signing a 70 million Euro line of credit with KfW (German Development Bank) for supporting solar PV projects in India.
NBCC: The company received an order worth Rs 1,500 crore from the National Cooperative Development Corporation for the construction of 1,469 warehouses and other agri-infrastructure across India.
RBL Bank: The company acquired an 8.51% stake in ONDC for Rs 40 crore.
HDFC Bank: HDFC Life received an exchange's nod for reclassifying Abrdn Mauritius Holdings to the 'Public' category from 'Promoter'.
Reliance Industries: Moody's Investors Service affirmed the company's 'Baa2' domestic long-term issuer rating and foreign currency senior unsecured rating.
Biocon: The company unit Bicara completed $165 million in Series C funding. Post-funding, the company's shareholding in Bicara on a fully diluted basis will fall below 20% and thereby, Bicara will cease to be an associate company of Biocon Ltd.
Indian Railway Catering and Tourism Corporation: The company eyes major expansion in the non-railway catering business pan-India. It has already signed MoUs with various governments and autonomous bodies.
Religare Enterprises: The Securities and Exchange Board of India suspended the company's unit, Religare Commodities, as a commodities derivatives broker for three months.
Vedanta: The company will consider and approve the second interim dividend on equity shares on Dec. 18.
GMM Pfaudler: The Patel Family acquired a 1% stake in the company through an inter-se transfer at Rs 1,700 per share. The Patel family shareholding now stands at 25.18% and remains the largest shareholder of the company.
Signatureglobal India: The company completed the purchase of a 19% stake in Gurugram Commercity as part of its first tranche. It had acquired a land parcel measuring 25.14 acres in Gurugram with a development potential of approximately 5.49 million square feet.
South Indian Bank: During a preliminary internal investigation, certain fraudulent acts were committed in one of the branches by an employee of the bank, involving an amount of Rs 28.07
crore.
Gokul Agro Resources: Unit Maurigo Indo Holdings acquired a 25% stake in Indonesian palm oil processing company PT. Riya Pasifik Nabati to expand business.
Dreamfolks Services: The company approved the proposal for voluntarily striking off the name of its unit, Dreamfolks Hospitality, which has been inoperative since FY17.
PNC Infratech: The company accepted the Rs 394 crore offered by NHAI to settle a dispute raised by its subsidiary.
Escorts Kubota: Harish Lalchandani Resigns As Chief Officer – Agri Machinery Business Division of Escorts Kubota w.e.f. February 28, 2024
NBCC: gets work order worth Rs 1,500 crore from National Cooperative Development Corporation
KRISHNA DEFENCE & ALLIED INDUSTRIES:
APPROVED PREFERENTIAL ISSUE OF SHARES WORTH UP TO 429.6M RUPEES TO ISSUE CONVERTIBLE WARRANTS WORTH UPTO 261.4M RUPEES TO ISSUE CONVERTIBLE WARRANTS VIA PREFERENTIAL ISSUE AT PRICE OF 304 RUPEES PER WARRANT
TATA STEEL: THE HENRY ROYCE INSTITUTE SIGN MOU TO SET UP CENTRE FOR INNOVATION IN ADVANCED MATERIALS
COMMITS £10M OVER 4 YEARS TO JOINT R&D INITIATIVE WITH THE HENRY ROYCE INSTITUTE
GOA CARBON:
CO SAYS SUPREME COURT ALLOWED STATE AUTHORITIES TO PROCEED WITH ASSESSMENT OF GREEN CESS, ISSUE FORMAL DEMAND TO
SUPREME COURT DIRECTED CO SHALL PAY ONLY 50% OF DEMAND AMOUNT RAISED BY STATE TAX AUTHORITIES
SAYS SUPREME COURT STAYED PAYMENT OF BALANCE 50% OF DEMAND AMOUNT PENDING FURTHER ORDER
@daytradertelugu
