Stock Market Snapshot 21 June 2024

Kridhan Infra: Mr. Bhavesh N. Nagda, has tendered his resignation as Chief Financial Officer (Key Managerial Personnel) of the Company with effect from the close of business hours on June 21, 2024 due to personal reasons.

Tata Consultancy Services has expanded its strategic partnership with Xerox with a landmark, End-to-end transformation program designed to fast Track the evolution of the company to a simplified, services-led, software-enabled organization.

Sun Pharmaceutical announced that it has entered into a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company Limited to Commercialise Vonoprazan tablets 10 mg, 20 mg in India under the brand name “Voltapraz”.

Biocon likely is searching for a partner in China to test generic versions of Novo Nordisk’s hot-selling diabetes drug Ozempic and weight-loss treatment Wegovy.

Indraprastha Gas likely to expand operations in the rooftop solar segment and battery recycling.

Tata Motors launched Tata Motors Fleet Verse, a digital marketplace for the company’s commercial vehicles.

Britannia Industries – A Voluntary Retirement Scheme offered by the Company to the workers at its factory situated at Taratala, Kolkata, West Bengal has been accepted by all the permanent workers of aforementioned factory of the Company.

Infosys announced that it has been invited to ring The Opening Bell® at the New York Stock Exchange (NYSE) on June 21, 2024. This honor commemorates Infosys’ 25 years of being listed in the US.

Time Technoplast has received PROTOTYPE APPROVAL for the manufacturing of HIGH- PRESSURE TYPE-IV COMPOSITE CYLINDERS FOR HYDROGEN from the Petroleum and Explosives Safety Organization.

JM Financial: SEBI has directed the Company to not take any new mandate as lead manager in public issue of debt securities up to March 31, 2025 or such further date as may be specified by SEBI.

HFCL has given a Corporate Guarantee in favour of Axis Finance Limited, to secure the rupee term loan facility availed/to be availed by HTL Ltd (76% subsidiary), to the extent of Rs 60 crores.

Amara Raja Energy & Mobility has further invested EUR 20 million, which includes a subscription for an additional 4.5% equity stake in lnoBat AS, Norway. With the above, Amara Raja's total holding will be around 9.32% of its equity stake in lnoBat AS, including its previous investment of EUR 1O million.

Triveni Engineering and Industries Ltd. Acquires additional 36.34% stake in Sir Shadi Lal Enterprises Limited for Rs 44.83 crore.

Clean Science has subscribed to the additional 8.36 lakh Equity shares of face value of Rs1O each at a premium of Rs 588/share for cash, aggregating to Rs 50 crore by way of subscription to the rights issue of Clean Fino-Chem Ltd (wholly owned subsidiary).

JSW Infra has incorporated a wholly owned subsidiary namely JSW Port Logistics Pvt Ltd. The Company is actively exploring opportunities to expand its presence in logistics infrastructure facilities, warehousing, container freight stations.

Hampton Sky Realty to construct a state-of-the-art luxury hotel(s) on its owned land, in collaboration with esteemed luxury hotel chain(s).

ONGC: The Board of Directors have approved the appointment of Shri Devendra Kumar as Chief Financial Officer (CFO), Key Managerial Personnel of The Company with immediate effect.

Uravi T & Wedge Lamps Ltd to acquire up to 55% of the shares of SKL (India) Pvt Ltd for Rs 20.1 crore through a secondary acquisition, in one or more tranches.