STOCKS IN ACTION 25 October Voda Idea to issue Debentures up | stock market

STOCKS IN ACTION 25 October

Voda Idea to issue Debentures up to Rs 1,600 cr to ATC

Zydus Life gets final US FDA nod to market Ketorolac Tromethamine Tablets
Alert: Ketorolac Tromethamine Tablets are used to relieve moderately severe pain, usually after surgery

ICICI Bank board approves the re-appointment of Sandeep Bakhshi as MD & CEO for a period of three years w.e.f October 4, 2023, to October 3, 2026, subject to the approval of the RBI and shareholders of the Bank

KEC International bags new orders worth ₹2,042 cr

Reliance Industries: The company will demerge its financial services arm and list on the stock exchanges as Jio Financial Services. The company will also demerge its subsidiary Reliance Projects and Property Management Services.

State Bank of India: The bank hiked interest rates on most of its term deposits under Rs 2 crore in the range of 25-80 basis points with effect from Oct. 22.

Biocon: Biocon Biologics integrated insulins manufacturing facility in Malaysia accorded Certificate of GMP Compliance by the European Medicines Agency following a site inspection in July 2022.

DLF: The company’s board approved raising funds to the tune of Rs 1,500 crore through NCDs and/or debt securities.

Hindustan Aeronautics: The company received Air System Design Organisation approval certificate, making it the first defence PSU to receive CEMILAC's Design Organisation approval as per the new Design Organisation Approval Scheme.

Borosil Renewables: The company will acquire solar glass maker GMB and glass company Interfloat Group for a total consideration of 7.5 million euros (Rs 61.07 crore).

Kirloskar Industries: The board has approved to convening an EGM of the shareholders of Kirloskar Brothers.

Welspun Corp: Associate company East Pipes Integrated Company for Industry in the Kingdom of Saudi Arabia has announced that its shareholders have approved the board's recommendation to grant bonus shares in the ratio of 1:2 through the capitalisation of SAR 105 million (Rs 230.79 crore) from retained earnings.

Tech Mahindra: The company will acquire 26% equity shares in Upendra Singh Multi Transmission for a consideration of Rs 48 lakh.

Reliance Power: The company made preferential allotment of 20.58 crore warrants of Rs. 15.55 apiece on a private placement basis to VFSI Holdings under public category.

V-Guard Industries: The company made further investment of Rs 31.39 crore in wholly owned subsidiary V-Guard Consumer Products and allotted 3.14 crore equity shares of Rs each.

Tata Consumer Products: The company made a preferential issue of 74.6 lakh shares of Re 1 each to Tata Enterprises (Overseas) at an issue price of Rs 765.16 apiece.

Adani Ports And Special Economic Zone: The company incorporated a wholly owned subsidiary Tajpur Sagar Port for the purpose of development of deep-sea port on design, build, finance, operate and transfer basis at Tajpur, West Bengal.

Garware Technical Fibres: The board approved buyback of up to 2.4 lakh shares with a face value of Rs 10 from all shareholders through the tender offer route at Rs 3,750 apiece, for an aggregate amount not exceeding Rs 90 crore.

REC: The company clarified before the exchanges that its board in January 2021, had approved loan assistance of Rs 4,260 crore to SJVN Thermal in respect of Buxar Thermal Power Plant, in the normal course of business, and this facility had insignificant impact on its loan book.

Garden Reach Shipbuilders & Engineers: The company signed 13 MoUs during the recent Defence Expo 2022, ranging from covering exports targets to other business avenues.