Stock Market Snapshot 27 June 2024

Piramal Enterprises: The Board to consider and approve the issue NCDs up to Rs 30 crore along with the green shoe option to retain oversubscription up to Rs 150 crore on 2nd July.

PVR INOX Limited has announced the launch of its New 4-screen cinema in Hyderabad with all 4K & Laser Projection in all auditoriums.

Aurobindo Pharma – USFDA had conducted an inspection at the injectable facility of Eugia SEZ Pvt. Ltd. The Unit has now received Establishment Inspection Report classifying the facility as “Voluntary Action Indicated”.

Bharti Airtel,Dialog Axiata PLC and Axiata Group, Berhad have successfully completed the share swap transaction of Bharti Airtel Lanka (Private) Limited with Dialog.

Hero MotoCorp: Ather Energy likely to invest over 2,000 crore on 3rd plant in Maharashtra. The new facility to be set up at Bidkin,Aurangabad Industrial City, will manufacture both electric two-wheelers and battery packs.

Ultratech Cement buys 23% stake in India Cement at a price of Rs. 267.

Tata Motors likely to demerge its passenger and commercial vehicle businesses over the next 12 months. The carmaker is also eyeing investing 40% of its capital expenditure in advanced technologies and aims to make its subsidiary JLR net debt-free By 2025.

REC: Greenko Group likely is in talks with the Company to raise funds for its green hydrogen and Green ammonia project of 600 MW capacity.

Titan Company likely forayed into the premium sunglasses segment with the launch of its first exclusive outlet RUNWAY from the House of Titan in Bengaluru.

Reliance Industries Limited – Jio acquired additional spectrum in the 1800 MHz band in Bihar and West Bengal.

Airtel acquires 97 MHz spectrum in 900 MHz, 1800 MHz and 2100 MHz frequency bands through the auction for Rs. 6857 crore. Spectrum secured for 20 Years.

UPL Ltd incorporated a wholly-owned subsidiary in Mauritius, UPL Agri Mauritius, to trade in chemicals, including agrochemicals, agri-commodities, and related products.

ITD Cementation has secured a marine contract for constructing Third Berth (Jetty) and specified Additional works at Dahej LNG terminal in the state Of Gujarat worth approximately Rs 1,082 crore including taxes and duties.

L&T Technology Services: The Board has approved appointment of Mr. S.N Subrahmanyan as the Non-Executive Chairman of the Company with effect from June 27, 2024.

Exide Industries has invested Rs 50 crore by way of subscription in the equity share capital of its wholly owned subsidiary, “Exide Energy Solutions Ltd” (hereinafter referred as ‘EESL’), on rights basis.

Dr. Reddy’s has entered into a definitive agreement with Haleon pie and its associate companies (“Haleon Group”) to acquire Nicotinell® and related Brands by way of acquisition of all of the quotas of Northstar Switzerland SARL.

KEC International has secured new orders of Rs 1,025 crores in T&D and Cables businesses.

SJVN has signed a MoU with AM Green Ammonia (India) Pvt Ltd to cooperate with each other for Supply/ sourcing of renewable energy on long term Basis for Green Ammonia Plants on a mutually agreed terms and conditions.

Rail Vikas Nigam Ltd bags an order of Rs 156.5 crore from Southern Railway.

JSW Neo Energy Ltd, a wholly owned subsidiary of JSW Energy Ltd,through its subsidiaries has signed Power Purchase Agreements for wind and solar projects with cumulative capacity of 1,325 MW.

Muthoot Microfm; Mr. Sadaf Sayeed,CEO of Muthoot Microfm, has been appointed as the Co- Chair of Sa-Dhan,the largest and oldest association of microfinance and impact finance institutions in India.

Electronics Mart India Limited has commenced the commercial operations of a new Multi Brand Store Under the brand name ‘ELECTRONICS MART’ on 26th June 2024 at Daryaganj, Delhi.

Pl Industries to acquire Plant Health Care Pie for 32.8 million pounds. Plant Health Care Pie is an AIM UK-listed company (AIM: PHC.L) with subsidiaries in the US, Brazil, Mexico and a few other countries.

CSB Bank: FIH Mauritius Investments (promoter group) is likely to sell a 9.72% stake via a block deal; Floor price set at Rs 352.4/share.

PTC India Financial Services: The RBI has approved The appointment of R Balaji as MD & CEO of the Company effective June 26.

Vodafone Idea has acquired 30 MHz spectrum in 900 MHz, 1800 MHz & 2500 MHz frequency bands for Rs 3,51O crore.

Jubilant lngrevia: The board has approved the appointment of Varun Gupta as Chief Financial Officer of the company effective August 12.