2021-12-28 06:47:36
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BSC Exclusive Morning Market News & Update
Siemens India: Joint venture between TRIL Urban Transport Pvt. Ltd., a Tata Group company and Siemens Project Ventures GmbH (subsidiary of Siemens Financial Services) under Public Private Partnership Route (PPP) will develop the metro corridor from Hinjewadi to Shivajinagar. The Joint Venture has formed a special purpose company called Pune IT City Metro Rail Ltd.. The order size of Siemens Ltd. is around Rs 900 crore.
Mahindra Logistics: Deal to acquire Meru seen closing before end of February.
United Spirits: The company’s strategic review of selected popular brands that started on Feb. 23, 2021 is ongoing. The review is expected to be completed by March 31, 2022.
Great Eastern Shipping Co.: Approved a proposal to buy back its own fully paid-up equity shares at Rs 333 apiece for Rs 225 crores.
Inox Wind Energy: Approved to create, offer, issue and allot on a preferential issue basis of up to 10,62,574 convertible warrants at an issue price of Rs 847 per warrant.
Shyam Metalics and Energy: Company has received “Consent to Operate” from State Pollution Control Board, Odisha to increase captive power generation at its Sambalpur unit. Following the clearances, the capacity at the unit will increase from 118 MW to 158 MW. It also received CTO from West Bengal Pollution Control Board for the scheduled capacity expansion at Jamuria plant. This expansion will add 0.25 million tons per annum of incremental capacity across steel products.
MOIL: Plans to buy back up to 3.38 crore shares at Rs 205 apiece.
Nucleus Software: To buy back up to 22,67,400 shares at Rs 700 apiece.
RBL Bank: Extends partnership with Bajaj Finance for co-branded credit cards till December 2026.
Axis Bank: RBI approved the re-designation of Rajiv Anand as the Deputy Managing Director till Aug. 3, 2022.
Bajaj Consumer Care: Launched new products "Bajaj 100% Pure Oils - Castor Oil, Olive Oil and Jojoba Oil".
Ajanta Pharma: To consider a proposal for buyback of its shares.
Mazagon Dock: To consider mid-year dividend.
Greenlam Industries: To consider fund raising plan including QIP
Ashok Leyland: Signed MoU with Shriram Auto Matt for used commercial vehicles business.
Electrosteel Castings: NCLT approves Shrikalahasthi Pipes amalgamation.
Somany Ceramics: NCLT approves amalgamation of Schablona India.
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