29 March 23
FII & DII DATA
FII Net BUY - 1245.39cr
DII Net BUY - 822.99cr
31 March 2023
Stocks In News
Aurobindo Pharma
The company has signed voluntary sub-licensing with Medicines Patent Pool (MPP), a UN organization, for developing and marketing Cabotegravir tablets & long acting injectables, originally developed by ViiV Healthcare, for the prevention of HIV in 90 low and middle-income countries (LMIC), including India. For the generic version of Cabotegravir, Aurobindo will utilize their vertically integrated capabilities to develop in-house API manufacturing which will enable stronger control on supply chain and cost efficiencies.
Alembic Pharmaceuticals
The company has received final approval from US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Brimonidine Tartrate ophthalmic solution. This ANDA is therapeutically equivalent to listed drug product (RLD), Alphagan P ophthalmic solution of AbbVie Inc. Brimonidine Tartrate Ophthalmic Solution is an alpha adrenergic receptor agonist indicated for the reduction of elevated intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension.
Jindal Steel & Power
The OP Jindal Group company has appointed Damodar Mittal & Sabyasachi Bandyopadhyay as additional directors. The appointment of both was made in the category of executive directors of the company after Dinesh Kumar Saraogi and Sunil Kumar Agrawal stepped down as directors of the company.
Tata Consumer Products
The board has approved the re-appointment of L Krishnakumar as Whole-time Director designated as Executive Director & Group CFO of the company, for seven months starting from April 1, until October 31, 2023.
Jain Irrigation Systems
Subsidiary Jain International Trading B.V. (JITBV) closed the transaction to merge international irrigation business with Rivulis. Merged entity - Rivulis – In alliance with Jain International - will create a global irrigation and climate leader - being 2nd largest in the world with $750 million in revenues. Jain (Israel) B.V. (step down subsidiary of JITBV) will hold a strategic minority stake of 18.7% in Rivulis Pte Ltd post merger.
JSW Steel declares as preferred bidder in auctions for 3 coal mines in Chattisgarh & Jharkhand
JSW Steel
Ministry of Coal has declared JSW Steel as a preferred bidder in an auction for two coal mines in Chattisgarh & Jharkhand. In Jharkhand, it is the preferred bidder for Sitanala coking coal block in Jharia Coalfield with projected coal resources of 108.85 million tonnes and Parbatpur Central Coking Coal Block in Jharia Coalfield with 235.718 million tonnes, while in Chattisgarh, it is the preferred bidder for Banai & Bhalumuda coal block in Mand-Raigarh coalfield with projected coal resources of 1,376.057 million tonnes.
Shree Renuka Sugars
The sugar company has commenced commercial production of ethanol from expanded capacity in Athani and Munoli. It has expanded ethanol production capacity at Athani plant from 300 KLPD to 450 KLPD and at Munoli plant, from 120 KLPD to 500 KLPD.
Lupin
The US Food and Drug Administration (USFDA) has issued a Form-483 with 10 observations for company's Pithampur Unit-2 manufacturing facility. The said facility was inspected by USFDA during March 21 to March 29, 2023.
Texmaco Rail & Engineering
Hemant Bhuwania is appointed as the Chief Financial Officer (CFO) of the company with effect from April 1. AK Vijay, who is currently designated as the Executive Director & CFO, has resigned as CFO of the company with effect from April 1 and accordingly, he will continue to act as Executive Director of the Company.
Bharat Electronics
The Ministry of Defence has signed 10 contracts worth Rs 5,498 crore with Bharat Electronics for Indian Armed Forces.
Lumax Industries
Shruti Kant Rustagi has resigned as Chief Financial Officer of the auto ancillary company after his transfer to group corporate materials function, with effect from March 31. Kenjiro Nakazono has also resigned as Executive Director - Whole Time Director of the company with effect from April 7.
The board has appointed Ravi Teltia as the Vice President and Chief Financial Officer designated of the company with effect from April 1.
GR Infraprojects
The infrastructure company has emerged as L-1 bidder for construction of 4-lane access controlled greenfield highway in Mahabubabed district, on Hybrid Annuity Mode in Telangana. The project cost is Rs 847.87 crore and the completion period is 730 days from appointed date. Further, the company has also received Letter of Award from NHAI for 4 road projects worth Rs 3,713 crore in Karnataka, Maharashtra, and Uttar Pradesh.
Muthoot Capital Services
The company has completed a securitization transaction of Rs 96.87 crore. This is the seventh securitization or direct assignment transaction carried out by the company during FY23. The entire pool is from the non - priority sector.
Sansera Engineering
The automotive components manufacturer has entered into a definitive agreement for a strategic investment in MMRFIC Technology (MMRFIC) which manufactures sub-systems for next generation Radars by leveraging machine learning with artificial intelligence. Sansera would make an investment Rs 20 crore in MMRFIC for 21% stake.
Housing Development Finance Corporation
HDFC entered into an agreement to sell 19.35 lakh equity shares or 16.13% stake in Next Gen Publishing, for Rs 1.7 crore.
Punjab National Bank has sold its entire shareholding of 10.01% in Asset Reconstruction Company (India) (ARCIL) to Avenue India Resurgence Pte Ltd. With stake sale, PNB has ceased to be a sponsor in ARCIL.
Max Ventures and Industries
The company has completed transfer of 41.92 lakh equity shares or 10% stake of Max Speciality Films (MSF) to Toppan Inc, for Rs 133 crore.
Spandana Sphoorty Financial
The company has raised $20 million via external commercial borrowings, with a tenure of 36 months. Further, the board will meet on April 4 to consider the fund raising via issue of debentures on private placement basis.
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