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December 31, 2024

• BHARAT 3.0 INVESTORS' CONFERENCE
• Join us to understand the top MEGA TRENDS of the coming decade. Also get a chance to meet these companies 1x1 or in small group set up to understand more about the sectors/segments. List of participating companies:
• 1) Data Centers: ESDS - Leading made-in-india Date Center & digitization solutions (cloud managed services + SAAS + digital AI) player with strong end-to-end offerings.
• 2) e-mobility: PMI Electro - 2nd largest e-bus OEM in India with >20% market share & heading towards market leadership. Domestic opportunity size >$15-20bn. Listing soon.
• 3) Battery Storage: EMO Energy - Enabling an end-to-end Ecosystem for Batteries across Mobility & Storage by manufacturing & supplying battery packs.
• 4) Defence Automation: C2C Automation - Deep expertise in Command and Control (C2C) systems, radar technology, Artificial Intelligence and IoT based smart systems.
• 5) Robotics: Affordable Robotics - Present in 3 key robotic and automation segments – automated robotic welding, robotic multilevel parking, warehouse automation – targeting a $350bn market. Listed.
• 6) Cleanroom: Fabtech Cleanrooms Tech - Co is engaged in the business of manufacturing and providing design-to-validation solutions for pre-engineered & prefabricated modular panels & doors used in constructing cleanrooms for the pharma, healthcare & biotech sectors.
• 7) Defence Manufacturing: Atmastco - Focus is on manufacturing personal protective equipment (PPE), bulletproof jackets, advanced defense gear for soldiers and combat helmets for military use, emphasizing lightweight, high-protection designs. Listed
• 8) Private Charter Planes: Fly SBS - SBS Aviation (same founding team as Afcom) is a pioneer in the space of fulfilling the dream of owning the private jet aircraft, giving its customers the choice to experience the wide variety of Private Jets of their choice while paying only for the hours they need. Co has the vision to become the No.1 Private Jet Leasing Company in India. Listing soon.
• 9) Water Treatment: Jash Engg - Dedicated to offering varied products for use in Water and Wastewater Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Desalination, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemicals, Fertilizers and other process plants. Addressing global opportunity in the water sector. Listed.
• 10) Offshore Wind Renewables: KPEL - One of India’s largest BOP solutions provider for Wind Projects and Wind & Solar Hybrid Projects with target of 10+MW by 2030 by addressing EPCC, O&M and IPP segments. KP Group is India’s Leading Conglomerate in Renewable Energy Market. Listed
• Date: 11 January 2025, Saturday
• Time: 9.30 AM – 5.30 PM
• Venue: The Ruby Hall, Sahara Star, Santacruz (East)
• Registration Link: https://forms.gle/KvdvPPdXpecK5Faf9
• Promoter cashing out like there is no tomorrow
• Are Ease My Trip Promoters planning to reduce their stake to 10% like
• their benchmarked Internet companies ?
• Interestingly, they did not gave any reason and no comments on further stake sale
• https://x.com/BeatTheStreet10/status/1873716025365307771
• RELIANCE IND: Update on investment in Health Alliance Group Inc.
• Reliance Digital Health Limited (“RDHL”), a wholly owned subsidiary of the Company, has today acquired 45% equity stake, on a fully diluted basis, in Health Alliance Group Inc. for an aggregate consideration of USD 10 million
• CAMLIN FINE: Board Meet On 2 Jan To Consider Rights Issue Details
• Note ; Board already Approved Upto Rs 225 Cr Fund Raising Via Rights issue
• POWERGRID: POWERGRID transferred its 26% stake in four associate companies to PGInvIT on 30.12.2024 for ₹506.63 crore, adjusted for dividends received.
• MEDICAMEN ORGANICS: Company has incorporated a subsidiary company namely “Grande Etoile Pharmaceuticals Limited” ( GEPL)
• The GEPL is incorporated to operate in the Pharmaceuticals, Healthcare, and Cosmetics sectors, focusing on manufacturing, retail, distribution, and services related to medicines, cosmetics, personal care products, and medical goods.
• BEAT THE STREET BULLETIN
• Date: 31-Dec-2024 
• Telegram: [t.me/beatthestreet10] 
• NEW ORDERS & CONTRACTS 
• - CESC: Subsidiary Purvah Green Power Pvt Ltd wins 300 MW Wind-Solar Hybrid Power project. 
• - Newmalayalam Steel: Secures orders worth ₹3.57 crore for supplying 500 MT Demac GP Pipes. 
• - Artefact Projects: Wins ₹3.71 crore order for consultancy services on the Rewa Bypass 4-laning project. 
• - Konstelec Engineers: Bags ₹17.85 crore order from Petronet LNG Ltd for PDH PP Plant at Dahej, Gujarat. 
• ACQUISITIONS & STAKE INCREASES 
• - Lupin: Acquires Huminsulin® from Eli Lilly to expand its diabetes portfolio in India. 
• - Jubilant Ingrevia: Jubilant Infrastructure Ltd acquires an additional 6.67% in Forum I Aviation Pvt Ltd, increasing total holding to 15.79%. 
• - Gokul Agro Resources: Acquires fixed assets of edible oil refinery in Mangalore for ₹105.5 crore to expand in Southern India. 
• - Reliance Industries: Reliance Digital Health Ltd acquires 45% stake in Health Alliance Group Inc. for USD 10 million. 
• FUNDRAISING & CAPITAL EXPANSIONS 
• - IFL Enterprises: Approves up to ₹49.5 crore fundraising via a Rights Issue. 
• - Camlin Fine Sciences: Board meeting scheduled for January 2, 2025, to discuss Rights Issue of up to ₹225 crore. 
• LEADERSHIP CHANGES & APPOINTMENTS 
• - Adani Green Energy: Amit Singh to step down as CEO by March 31, 2025, and transition to a different leadership role in the Adani Group. Ashish Khanna to become CEO starting April 1, 2025. 
• - Century Enka: KG Ladsaria resigns as CFO due to personal reasons, effective December 31, 2024. 
• - Dhanlaxmi Bank: RBI approves the appointment of Shri P. Suriaraj as Executive Director for 3 years. 
• - KFin Technologies: Appoints Ramesh Ramchandran as Senior Vice President, Customer Relationship Management. 
• STRATEGIC PARTNERSHIPS & AGREEMENTS 
• - Phantom Digital: Board approves the incorporation of a Wholly Owned Subsidiary in China for expanding in the VFX industry. 
• LEGAL & REGULATORY UPDATES 
• - Vuenov Infratech: Withdraws the Draft Composite Scheme of Arrangement with associated entities. 
• - Prataap Snacks: A fire broke out at their Jammu manufacturing unit on December 30, 2024, leading to damage. Operations have shifted temporarily. 
• PHARMA 
• - Lupin: Acquires Huminsulin® from Eli Lilly to expand its diabetes portfolio in India. 
• - Medicamen Organics: Incorporates a new subsidiary, Grande Etoile Pharmaceuticals Ltd. for pharmaceutical, healthcare, and cosmetics operations. 
• IPO NEWS 
• - Physics Wallah: Plans to launch an IPO with a target valuation of $5 billion and raise about $500 million. 
• OTHER UPDATES 
• - Wipro: Acquisition of Applied Value Technologies Pte Ltd will be completed by January 31, 2025. 
• - Tanvi Foods: Renews USFDA food facility registration for their ready-to-cook frozen snacks, with plans for export growth. 
• - GMR Airports: Issues a Letter of Comfort for ₹100 crore working capital facility to its subsidiary GMR Nagpur International Airport Ltd. 
• - ISRO: PSLV-C60 successfully launched SpaDeX and 24 payloads. 
• - PowerGrid: Transfers 26% stake in four associate companies to PGInvIT for ₹506.63 crore. 
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• Stay Updated with Beat the Street
• GOKUL AGRO : Company has acquired fixed assets of edible oil refinery at Mangalore from Mis. Sri Anagha Refineries Private Limited For Rs 105.5 Cr
• 100 TPD Additional Capacity from new acquisition of fixed assets at Mangalore
• Co. To increase the market presence in Southern India
• WIPRO : Update On Applied Value Technologies, Inc., Applied Value Technologies B.V. and Applied Value Technologies Pte Limited Acquisition
• Transaction for Applied Value Technologies Pte Limited is now expected to be completed at the latest by January 31, 2025.
• The US Chicago PMI came in at 36.9, below the forecast of 43 and previous reading of 40.2.
• US Pending Home Sales rose by 2.2% month-over-month, exceeding the forecast of 0.8% and the previous 2.0%.
• US Chicago PMI came in at 36.9, lower than the forecast of 43 and the previous reading of 40.2.
• TANVI FOODS : The company has renewed its USFDA food facility registration for its ready-to-cook frozen snacks and other food items at its new plant in Seetharampuram, Andhra Pradesh, extending the approval until December 31, 2026.
• The company will now export products under its own brand, improving margins and expanding into new markets, including the UK, Middle East, and Africa, boosting credibility both domestically and internationally.
• DHANLAXMI BANK : Rbi Approved appointment of Shri. P. Suriaraj as the Executive Director of the Bank for a period of 3 years with effect from date of taking charge.
• Alakh Pandey led edtech co, Physics Wallah is all set to launch an IPO seeking a valuation of $5bn , IPO will be launched in the next 4-6 months, the company will be raising about $500 million. - CNBCTV18
• GMR AIRPORT : The company has issued a Letter of Comfort to ICICI Bank for a INR 100 crore working capital facility provided to its subsidiary, GMR Nagpur International Airport Limited (GNIAL).
• The company will provide funds to GNIAL in case of default and indemnify ICICI against any losses.
• GNIAL recently signed a concession agreement for the operation and maintenance of Nagpur's Babasaheb Ambedkar International Airport.
• The promoters have no interest in the transaction beyond their shareholding in GNIAL.
• KFIN TECH : Co. appointed Mr. Ramesh Ramchandran as the Senior Vice President – Customer relationship Management (Senior Management Personnel) of the Company with effect from December 30, 2024.
• PSLV-C60 successfully launches SpaDeX and 24 payloads : ISRO
• IFL ENT : Board Approved Upto Rs 49.5 Cr Fund Raising Via Rights Issue
• SpaDeX Deployed!
• Successful separation of SpaDeX satellites marks another milestone in India’s space journey. : ISRO
• SEBI APPROVED 6 IPOs TODAY
• ATHER ENERGY
• OSWAL PUMP
• IVALUE INFOSOLUTION
• QUALITY POWER
• SCHLOSS BANGALORE
• FABTECH TECH
• PHANTOM DIGITAL :Board Approved proposal to incorporate a Wholly Owned Subsidiary Company in China
• Co. To strengthen & expand the business operations in the VFX industry in China with the brand name “Phantomfx”
• Phantom is planning to present globally and client-focused, hence the incorporation of the wholly owned subsidiary in China & the M/s. TIPPETT CANADA INC acquisition will leverage the growth opportunities in the evolving VFX Industry.