STOCKS IN ACTION 24 JUNE
Prestige Estates Projects: The board approved raising up to Rs 5,000 crore via QIP.
IREDA: The company has successfully raised Rs 1,500 crore today through the issuance of bonds.
S.P. Apparels: The company completed the acquisition of Young Brand Apparel for Rs 167 crore.
HDFC Bank: SBI Mutual Fund raises stake in the company to over 5%.
Sterlite Technologies: The Pre-trial mediation with US-based Prysmian Cables remains unsuccessful. The case against the company filed by Prysmian Cables is to commence trial on
July 23.
Cipla: Blackrock raised its stake in the company to over 5%. USFDA inspection at its manufacturing facility in Goa ended with 6 observations.
МСХ: The company shortlisted names of candidates for the post of MD & CEO. The company will seek regulatory approvals for appointment.
TVS Motor: The company signed a pact with CSC Grameen eSTORES for a commercial vehicle range.
KBC Global: secures ₹20 million contract for East Africa infrastructure development
BIOCON: CO SAYS USFDA CONCLUDES INSPECTION WITH FOUR OBSERVATIONS AT API FACILITY IN VISAKHAPATNAM
MEDPLUS HEALTH SERVICES: CO UNIT HAS RECEIVED SEVEN DAYS SUSPENSION ORDER OF DRUG LICENSE FOR A STORE SITUATED AT ONGOLE, ANDHRA PRADESH
PANACEA BIOTEC: CO ANNOUNCES INCORPORATION OF US UNIT, PANACEA BIOTEC INC., STRENGTHENING PRESENCE IN HEALTHCARE MARKET
SUN PHARMA: CO’S GL0034 (UTREGLUTIDE) SHOWS PROMISING WEIGHT LOSS AND METABOLIC BENEFITS IN OBESITY STUDY
NEWGEN SOFTWARE TECH: CO ANNOUNCES USD 1.48 MILLION AGREEMENT WITH US CLIENT
VEDANTA: CO PROMOTER GROUP WAS LIKELY TO SELL ABOUT 9 CR SHARES TO RAISE AROUND RUPEES 4,000 CR THROUGH BLOCK DEALS || VEDANTA RESOURCES HAS DENIED ANY PLANS TO SELL STAKES IN CO - ET NOW
GARDEN REACH SHIPBUILDERS: CO BAGS EXPORT ORDER FOR COMMERCIAL VESSELS WORTH 54M USD OR 405 CR RUPEES
INOX GREEN ENERGY SERVICES: CO BOARD MEET ON JUNE 26 TO CONSIDER FUNDRAISING PROPOSAL
JSW ENERGY: CO UNIT BAGS 300 MW WIND-SOLAR HYBRID PROJECT FROM SECI IN TRANCHE VIII BIDDING
TATA STEEL: CO RECEIVES NCLT APPROVAL FOR AMALGAMATION WITH BHUBANESHWAR POWER
CRAFTSMAN AUTO: CO SAYS FUND RAISING COMMITTEE APPROVES ALLOTMENT OF EQUITY SHARES WORTH RUPEES 12B TO QUALIFIED INSTITUTIONAL BUYERS AT ISSUE PRICE OF RUPEES 4,400 PER EQUITY SHARE
NANDAN DENIM: CO PROMOTER GROUP SOLD 25 LAKH SHARES ON JUNE 20 VIA OPEN MARKET
VAMA INDUSTRIES: CO GETS ORDER WORTH 743.2M RUPEES || MCAP OF 315.77M RUPEES
ARIHANT CAPITAL MARKETS: CO APPROVED DIVESTMENT OF 100% EQUITY STAKE IN UNIT ARIHANT INSURANCE BROKING SERVICES TOTAL CONSIDERATION FROM DISPOSAL IS USD 400,000 ENTERED INTO SHARE SALE AND PURCHASE AGREEMENT WITH LOCKTON OVERSEAS
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STOCKS IN ACTION 21 JUNE
Oil and Natural Gas Corp.: The company appointed Devendra Kumar as Chief Financial Officer and Key Managerial Personnel of the company with immediate effect.
GIC Housing Finance: The company has become aware of a malware attack affecting some of its end-user systems and isolated the affected systems from the network to stop its further impact.
Bank of Baroda: The company appointed Chayani Manoj Sundar as CFO effective tomorrow.
Voltas: The company executed a share purchase agreement with Singapore-based step-down arm Universal MEP.
IndiaMART InterMESH: The company reappointed Dinesh Chandra Agarwal as MD and CEO for five years, effective Jan. 8, 2025.
JM Financial: SEBI said that the company will continue to face restrictions on acting as lead manager for public debt issues until March 31, 2025.
Triveni Engineering And Industries: The company acquired an additional 36.34% stake in Sir Shadi Lal Enterprises for Rs 44.83 crore.
Amara Raja Energy And Mobility: The company invested Euro 20 million to raise a stake in Norway-based InoBat to 9.32%.
TIME TECHNOPLAST: CO SAYS FINAL APPROVAL RECEIVED FOR MANUFACTURING OF TYPE-IV COMPOSITE CYLINDERS FOR HYDROGEN
POWER FINANCE CORP: CO COMMENTS ON NEWS ARTICLE ON SANCTION OF LOAN TO SHAPOORJI PALLONJI GROUP OF COMPANIES || CO SAYS DILIGENCE PROCESS IS STILL UNDERWAY AND NO FUNDS HAVE BEEN DISBURSED TILL DATE
POWER FINANCE CORP: CO SAYS POST COMPLETION OF DETAILED DUE DILIGENCE, BOARD OF DIRECTORS OF PFC WOULD TAKE MERIT BASED DECISION ON WAY FORWARD
BRITANNIA INDUSTRIES: CO SAYS VOLUNTARY RETIREMENT SCHEME OFFERED TO WORKERS AT KOLKATA FACTORY HAS BEEN ACCEPTED BY ALL PERMANENT WORKERS || CO SAYS NO MATERIAL IMPACT ON BUSINESS OPERATIONS
NACL INDUSTRIES:
CO SAYS AFTER AUDITORS' OPINION ON FINANCIAL STATEMENTS CO HAS TAKEN DECISIVE STEPS TO ADDRESS POTENTIAL DISCREPANCIES
CO HAS MADE PROVISION IN BOOKS OF ACCOUNT, TO ACCOUNT FOR POTENTIAL LOSSES
CO SAYS BASED ON FINDINGS OF IRREGULARITIES, MISCONDUCT IN BUSINESS DEALINGS, CO TERMINATED CONCERNED EMPLOYEE
CO HAS ENGAGED ERNST & YOUNG LLP AS INVESTIGATION AGENCY TO CONDUCT THOROUGH FORENSIC AUDIT
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