21 February 23
FII & DII DATA
FII Net BUY - 525.8cr
DII Net SELL - 235.23cr
22 February 2023
DII Net SELL - 235.23cr
22 February 2023
Today Results
Mahindra CIE
Golden Legend
Stocks in News
Mahindra CIE
Golden Legend
Stocks in News
Lemon Tree
Signs franchise agreement for a 34 room property in Manali under the Lemon Tree Hotel brand name. The hotel is expected to be operational by June 2023. The hotel will feature 34 rooms, two restaurants, a bar, a meeting room, a recreation room and a fitness center
Zensar Technologies
Nippon Life India Trustee has acquired additional 1.7529% stake in the IT services management company via open market transactions. With this, its stake in the company increased to 5.2275%, up from 3.4745% earlier.
Rashtriya Chemicals & Fertilizers
Sanjay Rastogi is appointed as the government nominee director on the board of RCF. He was serving as the additional secretary and financial advisor to the Ministry of Chemicals and Fertilizers, Government of India.
Mahindra & Mahindra
Enters into an asset transfer agreement with Mahindra Electric Automobile Ltd., the EV wholly-owned subsidiary for transfer of certain identified assets. Transfer of the balance assets will be completed by June 30, 2026. Additionally, the first tranche of the Rs 1,925 crore investment in MEAL by the company and British International Investment Plc, up to Rs 1,200 crore will be completed not later than March 31, 2024 compared to the earlier date of June 30, 2023. The second tranche of Rs 725 crore will be based on the milestones being achieved by July 1, 2024.
Bajaj Steel Industries
The company has executed slump sale agreement with the buyer VSA Business Solutions (based in Nagpur) and the rest of the transactions pertaining to such sale are expected to be completed on or before March 31, 2023. The company intimated exchanges on February 14 about sale of its superpack division on a slump sale basis to VSA Business Solutions
Sapphire Foods India
The quick service restaurant company's wholly owned subsidiary Gamma Pizzakraft (Overseas) has increased stake in its subsidiary Gamma Island Food to 75%, from 51% earlier after acquisition of 81,914 equity shares. The acquisition cost of those shares is MVR 1,88,40,220. Gamma Island Food is incorporated in the Republic of Maldives, to operate Pizza Hut and KFC restaurants in Maldives under franchisee agreements.
Bharat Electronics
Navratna defence PSU on Tuesday signed a memorandum of understanding (MoU) with Aeronautical Development Agency (ADA) and DRDO for the Advanced Medium Combat Aircraft (AMCA) programme. The MoU was announced on the sidelines of the 'Bandhan,' event held at Aero India 2023. The AMCA is a fifth-generation, multi-role, all-weather fighter aircraft designed with high survivability and stealth capability.
Mirza International
NCLT approves amalgamation of RTS Fashions Pvt. Ltd. and de-merger of the branded business into Redtape Ltd.
MPS
EI Design, and MPSI, in their meeting of board of directors, have approved the draft scheme of merger of EI Design into and with MPSI. MPSI is a direct subsidiary of MPS and EI Design is a step-down subsidiary of MPS. MPSI will be the surviving entity post the merger.
LIC Housing Finance
ICICI Prudential Mutual Fund has acquired an additional 2.03% stake in the housing finance company through open market transactions. With this, the mutual fund house shareholding in the company increased to 7.07%, up from 5.04% earlier
Hindustan Zinc
The Vedanta Group firm on Tuesday said the company has called shareholders to meet on March 29 in the matter of the scheme of arrangement with the company and shareholders. This comes after the government opposed the use of Hindustan Zinc's balance sheet by the Vedanta Group to fund the purchase of its global zinc assets. Vedanta holds 64.92 percent of the equity share capital of Hindustan Zinc.
Petronet LNG
The company has received approval from board members for extension of tenure of Vinod Kumar Mishra as Director (Finance), the whole-time Key Managerial Personnel and Chief Financial Officer, for another two years. The extension of two years will be effective from April 18, 2023 on the existing terms and conditions.
Wockhardt
The company during its investor meet said that the restructuring of business will result in annual savings worth $12 million. Restructuring will include shut down of its manufacturing facility at Morton Grove. The company has also signed an agreement with the Serum Institute of India to manufacture vaccines at its UK facility for which it has received 10 million Pounds as contribution for reserving capacity.
ITI
State-owned firm on Tuesday (21, February) said the government has appointed Rajesh Rai as the chairman and managing director (CMD) of the company for a period of five years. He has earlier served as general manager (admin) of Mahanagar Telphone Nigam Ltd (MTNL), Mumbai.
Signs franchise agreement for a 34 room property in Manali under the Lemon Tree Hotel brand name. The hotel is expected to be operational by June 2023. The hotel will feature 34 rooms, two restaurants, a bar, a meeting room, a recreation room and a fitness center
Zensar Technologies
Nippon Life India Trustee has acquired additional 1.7529% stake in the IT services management company via open market transactions. With this, its stake in the company increased to 5.2275%, up from 3.4745% earlier.
Rashtriya Chemicals & Fertilizers
Sanjay Rastogi is appointed as the government nominee director on the board of RCF. He was serving as the additional secretary and financial advisor to the Ministry of Chemicals and Fertilizers, Government of India.
Mahindra & Mahindra
Enters into an asset transfer agreement with Mahindra Electric Automobile Ltd., the EV wholly-owned subsidiary for transfer of certain identified assets. Transfer of the balance assets will be completed by June 30, 2026. Additionally, the first tranche of the Rs 1,925 crore investment in MEAL by the company and British International Investment Plc, up to Rs 1,200 crore will be completed not later than March 31, 2024 compared to the earlier date of June 30, 2023. The second tranche of Rs 725 crore will be based on the milestones being achieved by July 1, 2024.
Bajaj Steel Industries
The company has executed slump sale agreement with the buyer VSA Business Solutions (based in Nagpur) and the rest of the transactions pertaining to such sale are expected to be completed on or before March 31, 2023. The company intimated exchanges on February 14 about sale of its superpack division on a slump sale basis to VSA Business Solutions
Sapphire Foods India
The quick service restaurant company's wholly owned subsidiary Gamma Pizzakraft (Overseas) has increased stake in its subsidiary Gamma Island Food to 75%, from 51% earlier after acquisition of 81,914 equity shares. The acquisition cost of those shares is MVR 1,88,40,220. Gamma Island Food is incorporated in the Republic of Maldives, to operate Pizza Hut and KFC restaurants in Maldives under franchisee agreements.
Bharat Electronics
Navratna defence PSU on Tuesday signed a memorandum of understanding (MoU) with Aeronautical Development Agency (ADA) and DRDO for the Advanced Medium Combat Aircraft (AMCA) programme. The MoU was announced on the sidelines of the 'Bandhan,' event held at Aero India 2023. The AMCA is a fifth-generation, multi-role, all-weather fighter aircraft designed with high survivability and stealth capability.
Mirza International
NCLT approves amalgamation of RTS Fashions Pvt. Ltd. and de-merger of the branded business into Redtape Ltd.
MPS
EI Design, and MPSI, in their meeting of board of directors, have approved the draft scheme of merger of EI Design into and with MPSI. MPSI is a direct subsidiary of MPS and EI Design is a step-down subsidiary of MPS. MPSI will be the surviving entity post the merger.
LIC Housing Finance
ICICI Prudential Mutual Fund has acquired an additional 2.03% stake in the housing finance company through open market transactions. With this, the mutual fund house shareholding in the company increased to 7.07%, up from 5.04% earlier
Hindustan Zinc
The Vedanta Group firm on Tuesday said the company has called shareholders to meet on March 29 in the matter of the scheme of arrangement with the company and shareholders. This comes after the government opposed the use of Hindustan Zinc's balance sheet by the Vedanta Group to fund the purchase of its global zinc assets. Vedanta holds 64.92 percent of the equity share capital of Hindustan Zinc.
Petronet LNG
The company has received approval from board members for extension of tenure of Vinod Kumar Mishra as Director (Finance), the whole-time Key Managerial Personnel and Chief Financial Officer, for another two years. The extension of two years will be effective from April 18, 2023 on the existing terms and conditions.
Wockhardt
The company during its investor meet said that the restructuring of business will result in annual savings worth $12 million. Restructuring will include shut down of its manufacturing facility at Morton Grove. The company has also signed an agreement with the Serum Institute of India to manufacture vaccines at its UK facility for which it has received 10 million Pounds as contribution for reserving capacity.
ITI
State-owned firm on Tuesday (21, February) said the government has appointed Rajesh Rai as the chairman and managing director (CMD) of the company for a period of five years. He has earlier served as general manager (admin) of Mahanagar Telphone Nigam Ltd (MTNL), Mumbai.
Biocon
The biopharmaceutical company has raised Rs 1,070 crore by issuing 1.07 lakh non-convertible debentures of face value of Rs 1 lakh each on private placement basis in 3 Series. The tenure of the NCDs is five years from the deemed date of allotment
The biopharmaceutical company has raised Rs 1,070 crore by issuing 1.07 lakh non-convertible debentures of face value of Rs 1 lakh each on private placement basis in 3 Series. The tenure of the NCDs is five years from the deemed date of allotment
0 Comments