Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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December 19, 2024

• HCC : UPDATE ON QIP
• CO. TO ALLOT RS 600 CR WORTH SHARES TO QIBs AT RS 43.01/SHARE
• Trump warns that without eliminating or extending the debt ceiling, a government shutdown is imminent. - ABC News
• OMFURN : Co. launched Fire Rated Metal Door opens new business opportunities in commercial, industrial, and public sectors, strengthening our portfolio and enhancing market presence.
• PRAATAP SNACKS : TODAY'S LARGE TRADE NSE
• BANDHAN MUTUAL FUND SOLD 3.94 LKH SHARES ( 1.65 % STAKE ) @ ₹ 965.05/SHARE
• STALLION ASSET PRIVATE LIMITED BOUGHT 3.69 LKH SHARES ( 1.55 % STAKE ) @ ₹ 965.05/SHARE
• MANKIND PHARMA : UPDATE ON QIP
• CO. ALLOTS RS 3000 CR WORTH SHARES TO QIBs AT 2520/SHARE ( 3.7 % DISCOUNT TO FLOOR PRICE )
• GRAVITA : UPDATE ON QIP
• CO. ALLOTS RS 1000 CR WORTH SHARES TO QIBs AT 2096.2/SHARE ( 5 % DISCOUNT )
• TODAY 3 QIP CLOSED .. RAISED RS 4600 CR FUNDS FROM FINANCIAL INSTITUTIONS
• HCC : HCC raises 600 Cr through QIP, fully subscribed within hours of opening
• The offering attracted a diverse pool of top-tier institutional investors with long-term outlooks including global and domestic investors like SBI General Insurance, Citi Bank, BNP Paribas Sriram Mutual Fund, Authum , Samsung Family Office, DE Shaw etc., demonstrating strong confidence in HCC's strategic vision and future growth prospects.
• This is the second fundraising for HCC after its successful Rights Issue of ~350 crore in April 2024, which was over-subscribed by 2.5 times.
• The QIP proceeds shall be primarily utilized for business growth, augmenting working capital and toward deleveraging.
• BAJAJ FINANCE : ICICI LOMBARD TODAY BOUGHT ADDITIONAL RS 14 CR WORTH SHARES OF BAJAJ FINANCE
• TOTAL STAKE INCREASED TO 0.06 % IN CO.
• INTERNATIONAL GEMMOLOGICAL TO LIST TOMORROW
• NESTLE INDIA : Nestle India says Switzerland's suspension of MFN (most favoured nation) status for India won't affect its business.
• WAAREE ENERGIES: Waaree Solar Americas Inc. wholly owned subsidiary of the Company, has today started its trial production of 1.6 GW Solar Module line at its Unit situated at Brookshire, in the state of Texas, USA.
• NAZARA TECH : The timeline for acquiring a 19.35% stake in Absolute Sports Private Limited has been extended to January 15, 2025.
• TECH MAHINDRA : Tech Mahindra boosts BFSI focus to close revenue gap with larger rivals, says CEO.- REUTERS
• Israeli officials report progress in Doha hostage deal talks but note unresolved issues, per Axios.
• BEAT THE STREET BULLETIN
• Date: 20-Dec-2024
• Telegram: [t.me/beatthestreet10]
• FUNDRAISING & CAPITAL EXPANSIONS
• - KELTON TECH: Board approves ₹100 crore fundraising via equity.
• - MUFIN GREEN: Secures $18M (₹153 crore) loan from U.S. DFC.
• - HCC: Raises ₹600 crore through QIP for business growth.
• - DHANLAXMI BANK: Announces ₹297 crore rights issue, open from 8-23 Jan 2025.
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• ACQUISITIONS & STAKE INCREASES
• - PALCO METAL: Increases stake in subsidiary to 100% for ₹20.27 crore.
• - TVS MOTORS: Acquires 65 shares of DriveX for ₹80 lakh, increasing stake to 87.7%.
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• NEW ORDERS & CONTRACTS
• - DEEP IND: Wins ₹62 crore order for drilling services.
• - ZODIAC ENERGY: Secures ₹6.1 crore order for solar project in Zambia.
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• STRATEGIC PARTNERSHIPS & AGREEMENTS
• - RELIANCE NAVEL: Swan’s Shipyard makes ₹196 crore payment to lender consortium.
• - HYUNDAI MOTORS: Signs agreement with Exide Energy for EV battery supply.
• - EXIDE IND: EESL partners with Hyundai for lithium-ion batteries.
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• CAPACITY EXPANSION & PRODUCTION
• - CHEMPLAST SANMAR: Commences Phase II production at Berigai.
• - WAAREE ENERGIES: Starts trial production of 1.6 GW solar module line in Texas.
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• RESIGNATIONS & APPOINTMENTS
• - AU SMALL: Harun Rasid Khan re-appointed as Part-time Chairman for 3 years.
• - MUTHOOT MICRO: Thomas John Muthoot steps down as Non-Executive Director.
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• LEGAL & REGULATORY UPDATES
• - SHRIRAM PROPERTIES: Approves sale of securities in subsidiary SPL Shelters Pvt. Ltd.
• - INTERGLOBE AVIATION: and Approves loan of USD 43 million to subsidiary.
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• OTHER UPDATES
• - Ola Electric: Launches "SavingsWalaScooter" campaign; to open 4,000 stores by Dec 25.
• - MAZAGON DOCK: Starts production of first FPV for ₹1,070.47 crore ICG project.
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• STOCKS OUT FROM SHORT TERM ASM LIST