2024-04-24 06:32:57
Stocks to watch-
◆ Mahindra and Mahindra Financial Services: The company approved raising of borrowing limit to Rs 1.3 lakh crore from 1.1 lakh crore by way of issue of NCDs or any other securities or instrument in one or more tranches, subject to approval of the shareholders of the company.
◆ NHPC: The company signed a supplementary joint venture agreement with JV Partners of National High Power Test laboratory i.e., NTPC, Powergrid, DVC, CPRI, and NHPTL for the sale of a partial stake in NHPTL for a consideration of Rs 1.31 crore.
◆ Puravankara: The company received bids to redevelop a residential project in Mumbai project GDV estimated at Rs 2,000 crore.
◆ Ambuja Cement: The company completed the acquisition of a 1.5 MTPA grinding unit in Tamil Nadu.
◆ Rama Steel Tubes: The board approved the raising of funds up to Rs 500 crore by way of a further public offer.
◆ Shakti Pumps: The company further invested Rs 5.08 crore in its wholly-owned subsidiary Shakti EV Mobility. The consolidated investment is Rs 32 crore.
◆ Dr Reddy's Laboratories: The company issued a voluntary recall of six lots of Sapropterin Dihydrochloride powder due to decreased potency.
◆ Lupin: USFDA classified the company's Aurangabad facility as Voluntary Action Indicated on its inspection from March 6-15.
◆ Sudarshan Chemical Industries: The company introduced a new product "Sumica Gold 42631" for domestic and international markets.
◆ Gokaldas Exports: The company approved the issue price of Rs 775 per share which is a discount of 1.9% on the floor price of Rs 789.99 per equity share.
◆ Century Plyboards: The company completed the disposal and transfer of the entire stake in Singapore-based unit CSPL. Century Ply Laos and Century Huesoulin Plywood Lao both subsidiaries of CSPL, also cease to be step-down subsidiaries of the company from the said date.
◆ SBI Cards: The company launched retail credit card SBI Card MILES.
◆ SEAMEC: The company entered an MoU with Zamil Offshore services company for an extension of the Charter Hire of Vessel "SEAMEC SWORDFISH" for a further period of 30 days with effect from 24 Apr. 2024.
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