6 June 23
FII & DII DATA
FII Net BUY - 385.71cr
DII Net SELL - 489.02cr
07 June 2023
Stocks Of The Day
HAL
Prime Minister Narendra Modi and US President Joe Biden are all set to announce a mega defence deal during their upcoming meeting between June 21-24, 2023, in Washington DC. The American company will be entering into an agreement with Hindustan Aeronautics Ltd to co-produce jet engines in the South Asian nation. The technology will power India's fighter jet program once the memorandum of understanding is operationalised.
GMR Airports Infrastructure
The company on Tuesday said the company has divested approximately 8,18,000 square feet of warehouse facility located at the Hyderabad airport to ILP Core Ventures I PTE Ltd for Rs 188 crore. GHIAL signed the definitive agreements and closed the transaction with ILP Core Ventures I PTE Ltd at an enterprise value of Rs 188.1 crore, the company said in an exchange filing.
Deepak Fertilisers
Industrial chemicals and fertilisers manufacturer on Tuesday said its wholly owned subsidiary Performance Chemiserve Ltd has raised Rs 900 crore. The company informed the stock exchanges that it has raised Rs 900 crore by issuing an allotment of rated, listed, unsecured, redeemable non-convertible debentures (NCDs) on a private placement basis to qualified institutional buyers.
JSW Ispat Special Products
The company on Tuesday said Kiran Menon has resigned as the chief financial officer (CFO) of the company with effect from the close of business hours of June 5, 2023, to pursue opportunities outside the group. Subsequent to his resignation as the CFO, Menon also ceased as the key managerial personnel of the company effective from June 5, 2023, the company said in an exchange filing.
Mazagon Dock Shipbuilders
Germany and India are closing in on a deal to build diesel submarines in the South Asian country as Russia's prolonged war in Ukraine pushes New Delhi to expand its sources of military hardware beyond its top supplier Moscow. Thyssenkrupp AG's marine arm and Mazagon Dock Shipbuilders are likely to jointly bid for an estimated $5.2 billion project to build six submarines for the Indian Navy.
Adani Group
The company on Tuesday said pre-tax earnings or EBITDA of the listed companies, spanning ports to commodities, grew 36 percent to Rs 57,219 crore in the fiscal ended March 31 (FY23), and there is no material refinancing risk and near-term liquidity requirement. The conglomerate "recorded its highest ever EBITDA at the group portfolio level (combined all group companies) of Rs 57,219 crore, achieving a 36 percent growth over the previous financial year
Torrent Power
The company on Tuesday said the company has signed a memorandum of understanding (MoU) with the government of Maharashtra for the development of three pumped storage hydro projects of 5,700 MW capacity in the state. The projects entail an investment of about Rs 27,000 crore and would provide employment to approx. 13,500 people during the construction period. Torrent intends to execute these projects over a period of 5 years.
IIFL Finance
The company on Tuesday said it will open a public issue of secured bonds on June 9, 2023, to raise up to Rs 1,500 crore, for the purpose of business growth and capital augmentation. The company said it will issue secured redeemable non-convertible debentures (NCDs), aggregating to Rs 300 crore, with a green-shoe option to retain over-subscription of up to Rs 1,200 crore (aggregating to a total of Rs 1,500 crore).
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