STOCKS IN ACTION 15 DECEMBER
Adani Enterprises: Israel-based defence electronics company Elbit Systems Ltd. picked up a 44% stake in an Adani Defence Systems and Technologies Ltd. unit to develop and manufacture various autonomous aerial technologies and systems for defence applications.
Hero MotoCorp: The two-wheeler maker appointed Vivek Anand as chief financial officer. The company also approved the additional acquisition of a 3% stake in Ather Energy for Rs 140 crore.
State Bank of India: The public sector lender to acquire 3.7 lakh shares (6.35% stake) of Canpac
Trends at Rs 1,349 apiece.
Dr. Reddy's Laboratories: The company becomes the first Indian pharma company to debut on the Dow Jones Sustainability World Index.
Genus Power Infra: The company's unit received a letter of intent worth Rs 1,026 crore for the appointment of advanced metering infrastructure service providers for the supply, installation, and commissioning of a million smart prepaid metres.
Jupiter Wagons: The company received an order worth Rs 1,617 crore from the Ministry of Railways to manufacture and supply 4000 BOXNS wagons.
Mahindra and Mahindra Finance: The company said that it will enter the life, health, and general insurance segments to diversify its sources of income away from its primary vehicle lending business.
Texmaco Rail Engineering: The company received an order worth Rs 1,374.41 crore from the Ministry of Railways to manufacture and supply 3,400 BOXNS wagons.
Vedanta: The board will meet on Dec. 19 to consider NCD issuance on a private placement basis.
Bharat Heavy Electricals: The company signed a MoU with the Central Manufacturing Technology Institute for hydrogen value chain development and IIOT solutions for predictive maintenance of machines and manufacturing processes.
Jammu and Kashmir Bank: The company approved the closure of qualified institutional placement after raising 750 crores at an issue price of Rs 107.60 per equity share, which indicates a discount of 4.49% to the floor price of 112.66 per share.
Religare Enterprises: The RBI has rejected the company's proposal to buy an 87.5% stake in Religare Housing Development Finance Corp., a subsidiary company of Religare Finvest Ltd., and asked it to submit a fresh application.
Exide Industries: The company invested 100 crores in its unit, Exide Energy Solutions. The company's total investment in its unit is Rs 1,780 crore.
Infibeam Avenues: The company announced its strategic foray into the capital markets and digital lending software market by acquiring a 49% stake in Pirimid Fintech for Rs 25 crore to solidify this strategic partnership.
Jayaswal Neco Industries: Kotak Strategic Situations India Fund to invest Rs 1,500 crore via
NCDs as part of Rs 3,200 crore financing the company seeks for refinancing existing debt.
IRB Infra Trust: The company emerged as the preferred bidder for the project of tolling, operation, maintenance, and transfer of the Kota bypass and cable stay bridge toll. The company will pay a Rs 1,683 crore upfro concession fee to NHAI.
Mazagon Dock Shipbuilders: The company collaborated with NavAlt Kochi and launched the MDL solar electric boat, which is the nation's fastest solar-electric boat.
LTIMindtree: The company opened a new delivery centre in Mexico City as part of expanding its presence in Latin America.
Satin Credit Care Network: The company opened qualified institutional placement and set the floor price at Rs 242.81 per share, which indicates a discount of 2.31% to the stock's previous close of Rs 248.55 on the NSE.
Cochin Shipyard: The company fixed Jan. 10 as the record date to determine the eligibility of shareholders for a split in the ratio of 1:2.
Ami Organics: The company announced the inauguration of its manufacturing plant in Ankleshwar, Gujarat. It also signed another definitive agreement with Fermion to manufacture a couple of additional advanced pharmaceutical intermediates for Fermion.
Adani Enterprises: Israel-based defence electronics company Elbit Systems Ltd. picked up a 44% stake in an Adani Defence Systems and Technologies Ltd. unit to develop and manufacture various autonomous aerial technologies and systems for defence applications.
Hero MotoCorp: The two-wheeler maker appointed Vivek Anand as chief financial officer. The company also approved the additional acquisition of a 3% stake in Ather Energy for Rs 140 crore.
State Bank of India: The public sector lender to acquire 3.7 lakh shares (6.35% stake) of Canpac
Trends at Rs 1,349 apiece.
Dr. Reddy's Laboratories: The company becomes the first Indian pharma company to debut on the Dow Jones Sustainability World Index.
Genus Power Infra: The company's unit received a letter of intent worth Rs 1,026 crore for the appointment of advanced metering infrastructure service providers for the supply, installation, and commissioning of a million smart prepaid metres.
Jupiter Wagons: The company received an order worth Rs 1,617 crore from the Ministry of Railways to manufacture and supply 4000 BOXNS wagons.
Mahindra and Mahindra Finance: The company said that it will enter the life, health, and general insurance segments to diversify its sources of income away from its primary vehicle lending business.
Texmaco Rail Engineering: The company received an order worth Rs 1,374.41 crore from the Ministry of Railways to manufacture and supply 3,400 BOXNS wagons.
Vedanta: The board will meet on Dec. 19 to consider NCD issuance on a private placement basis.
Bharat Heavy Electricals: The company signed a MoU with the Central Manufacturing Technology Institute for hydrogen value chain development and IIOT solutions for predictive maintenance of machines and manufacturing processes.
Jammu and Kashmir Bank: The company approved the closure of qualified institutional placement after raising 750 crores at an issue price of Rs 107.60 per equity share, which indicates a discount of 4.49% to the floor price of 112.66 per share.
Religare Enterprises: The RBI has rejected the company's proposal to buy an 87.5% stake in Religare Housing Development Finance Corp., a subsidiary company of Religare Finvest Ltd., and asked it to submit a fresh application.
Exide Industries: The company invested 100 crores in its unit, Exide Energy Solutions. The company's total investment in its unit is Rs 1,780 crore.
Infibeam Avenues: The company announced its strategic foray into the capital markets and digital lending software market by acquiring a 49% stake in Pirimid Fintech for Rs 25 crore to solidify this strategic partnership.
Jayaswal Neco Industries: Kotak Strategic Situations India Fund to invest Rs 1,500 crore via
NCDs as part of Rs 3,200 crore financing the company seeks for refinancing existing debt.
IRB Infra Trust: The company emerged as the preferred bidder for the project of tolling, operation, maintenance, and transfer of the Kota bypass and cable stay bridge toll. The company will pay a Rs 1,683 crore upfro concession fee to NHAI.
Mazagon Dock Shipbuilders: The company collaborated with NavAlt Kochi and launched the MDL solar electric boat, which is the nation's fastest solar-electric boat.
LTIMindtree: The company opened a new delivery centre in Mexico City as part of expanding its presence in Latin America.
Satin Credit Care Network: The company opened qualified institutional placement and set the floor price at Rs 242.81 per share, which indicates a discount of 2.31% to the stock's previous close of Rs 248.55 on the NSE.
Cochin Shipyard: The company fixed Jan. 10 as the record date to determine the eligibility of shareholders for a split in the ratio of 1:2.
Ami Organics: The company announced the inauguration of its manufacturing plant in Ankleshwar, Gujarat. It also signed another definitive agreement with Fermion to manufacture a couple of additional advanced pharmaceutical intermediates for Fermion.
