STOCKS INACTION 20 DECEMBER
Bharat Petroleum Corp: The company approved a proposal for setting up 400 KTPA polypropylene unit at its Kochi refinery. The cost of the project is Rs 5,044 crore which will be funded in a debt-equity ratio of 65:35.
Glenmark Life Sciences: The Competitor Commission of India has approved the acquisition of majority shareholding of Glenmark Life Sciences by Nirma.
Embassy Office Parks REIT: Blackstone is looking to sell its entire 23.5% stake in the company via a mega block deal on Wednesday. The floor price is set as Rs 310 per share.
Nippon Life India AMC: IndusInd Bank will sell a 2.86% stake in the company via a block deal on Wednesday. The floor size is set at Rs 426 per share, 5% discount to Tuesday's closing price.
Transformers And Rectifiers: The company received an order worth of Rs 118 crore from Uttar
Pradesh Power Transmission Corporation.
Rail Vikas Nigam: The company emerged as the lowest bidder for a project worth 123 crore in a
49: 51 Joint venture with KRDCL. The project is to upgrade Varkala Sivagiri railway station in Kerala.
Mining and metals stocks: Nearly 100 more blocks of critical minerals will be put on auction before February next year, Coal and Mines Minister Pralhad Joshi said on Tuesday. Offshore minerals will be put on sale in the auction that will take place in March and April.
JK Tyre and Industries: The company opened its QIP for raising up to Rs 500 crore, and has set the floor price of QIP at Rs 358.96 per share which indicates a discount of 5.2% to the stock's previous close of Rs 378.70 on NSE.
Varun Beverages: The company will acquire South Africa's 'The Beverage Company' and its subsidiaries for ZAR 3 billion or Rs 1,320 crore. The company signed a MoU with Jharkhand Government for the Patratu manufacturing plant with a total capital outlay of Rs 450 crore.
ITC: The company's unit Infotech India incorporated a wholly owned subsidiary ITC Arabia for about Rs 35 crore.
Tech Mahindra: CP Gurnani ceases to be MD and CEO of the company on account of the completion of his tenure. Mohit Joshi to take over as CEO and MD effective Dec. 20.
Wipro: The company's unit Wipro Holdings has transferred 100% shareholding in Designit A/S to Wipro IT Services UK Societas.
NTPC: The group achieved its fastest 300 billion units of power production so far in FY24.
Jubilant FoodWorks: The Company's unit, Jubilant Foodworks Netherlands, launched a cash offer to acquire the remaining 45.33% share capital of DP Eurasia, a subsidiary company of JFN, at Rs 95 pence per share
Godrej Agrovet: Sandeep Kumar Singh has resigned from the position of CEO of the animal feed business. A. Y. Rajendra has been appointed as CEO of the animal feed business.
National Fertilizers: The company approved to setting up of a Nano Urea (Liquid) production plant based on the financial viability in Techno-Economic - Feasibility Report.
Deepak Nitrite: The company approved the offtake of 250 KTPA propylene and 11 KTPA hydrogen from Petronet LNG's Dahej plant. Petronet LNG will supply hydrogen and propylene to the company's unit Deepak Phenolics for 15 years.
Maithan Alloys: The company invested 49.84 crores in GAIL by purchasing 38.34 lakh shares
0.06% stake in the company through an open market.
Abbott: Vivek V Kamath resigned from the position of managing director w.e.f March 18, 2024.
Religare Ent says Delhi HC sets aside the declaration of lenders’ exposure to RFL as fraud
Context: Lenders had earlier declared their exposure to Religare Finvest (RFL) as fraud
Religare Finvest had filed write petition before HC against lenders’ decision
Ola Electric likely to file IPO papers with SEBI this week
@DAYTRADERTELUGU
Bharat Petroleum Corp: The company approved a proposal for setting up 400 KTPA polypropylene unit at its Kochi refinery. The cost of the project is Rs 5,044 crore which will be funded in a debt-equity ratio of 65:35.
Glenmark Life Sciences: The Competitor Commission of India has approved the acquisition of majority shareholding of Glenmark Life Sciences by Nirma.
Embassy Office Parks REIT: Blackstone is looking to sell its entire 23.5% stake in the company via a mega block deal on Wednesday. The floor price is set as Rs 310 per share.
Nippon Life India AMC: IndusInd Bank will sell a 2.86% stake in the company via a block deal on Wednesday. The floor size is set at Rs 426 per share, 5% discount to Tuesday's closing price.
Transformers And Rectifiers: The company received an order worth of Rs 118 crore from Uttar
Pradesh Power Transmission Corporation.
Rail Vikas Nigam: The company emerged as the lowest bidder for a project worth 123 crore in a
49: 51 Joint venture with KRDCL. The project is to upgrade Varkala Sivagiri railway station in Kerala.
Mining and metals stocks: Nearly 100 more blocks of critical minerals will be put on auction before February next year, Coal and Mines Minister Pralhad Joshi said on Tuesday. Offshore minerals will be put on sale in the auction that will take place in March and April.
JK Tyre and Industries: The company opened its QIP for raising up to Rs 500 crore, and has set the floor price of QIP at Rs 358.96 per share which indicates a discount of 5.2% to the stock's previous close of Rs 378.70 on NSE.
Varun Beverages: The company will acquire South Africa's 'The Beverage Company' and its subsidiaries for ZAR 3 billion or Rs 1,320 crore. The company signed a MoU with Jharkhand Government for the Patratu manufacturing plant with a total capital outlay of Rs 450 crore.
ITC: The company's unit Infotech India incorporated a wholly owned subsidiary ITC Arabia for about Rs 35 crore.
Tech Mahindra: CP Gurnani ceases to be MD and CEO of the company on account of the completion of his tenure. Mohit Joshi to take over as CEO and MD effective Dec. 20.
Wipro: The company's unit Wipro Holdings has transferred 100% shareholding in Designit A/S to Wipro IT Services UK Societas.
NTPC: The group achieved its fastest 300 billion units of power production so far in FY24.
Jubilant FoodWorks: The Company's unit, Jubilant Foodworks Netherlands, launched a cash offer to acquire the remaining 45.33% share capital of DP Eurasia, a subsidiary company of JFN, at Rs 95 pence per share
Godrej Agrovet: Sandeep Kumar Singh has resigned from the position of CEO of the animal feed business. A. Y. Rajendra has been appointed as CEO of the animal feed business.
National Fertilizers: The company approved to setting up of a Nano Urea (Liquid) production plant based on the financial viability in Techno-Economic - Feasibility Report.
Deepak Nitrite: The company approved the offtake of 250 KTPA propylene and 11 KTPA hydrogen from Petronet LNG's Dahej plant. Petronet LNG will supply hydrogen and propylene to the company's unit Deepak Phenolics for 15 years.
Maithan Alloys: The company invested 49.84 crores in GAIL by purchasing 38.34 lakh shares
0.06% stake in the company through an open market.
Abbott: Vivek V Kamath resigned from the position of managing director w.e.f March 18, 2024.
Religare Ent says Delhi HC sets aside the declaration of lenders’ exposure to RFL as fraud
Context: Lenders had earlier declared their exposure to Religare Finvest (RFL) as fraud
Religare Finvest had filed write petition before HC against lenders’ decision
Ola Electric likely to file IPO papers with SEBI this week
@DAYTRADERTELUGU
