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December 05, 2023
- STOCKS IN ACTION 5 DECEMBER
- HCL Technologies: The company is in talks with State Street Corp. to sell its entire 49% equity stake in joint venture State Street HCL Services for $170 million or around Rs 1,417 crore. The amount will be in addition to the JV's net book value.
- Coal India: The coal ministry projects total income for the company at Rs 1.41 lakh crore for FY24.
- ONGC: The company will start oil production from KG Block in May, a government minister said.
- Hindustan Construction: The company's Swiss unit, Steiner AG, will divest its entire stake in Steiner Construction SA for Rs 928 crore.
- JSW Infrastructure: The company's wholly owned subsidiary, JSW Dharmatar Port Pvt., has entered into a share purchase agreement to acquire over 50% of PNP Maritime Services Pvt. for Rs 270 crore.
- Mahindra & Mahindra Financial Services: Estimated overall disbursement at approximately Rs 5,300 crore in November, delivering 16% growth over the previous year.
- Thomas Cook (India): The company's promoter entity, Fairbridge Capital (Mauritius) Ltd., reduced its 8.5% stake in the company via an offer for sale.
- Bajaj Group: The market capitalisation of Bajaj Group crossed the Rs 10 lakh crore mark on Monday, driven mostly by gains in Bajaj Auto and Maharashtra Scooters.
- Brigade Enterprises: Brigade Group signed a joint development agreement to develop luxury residences of around 0.4 million sq. ft. in Mysuru, with a gross development value of Rs 300 crores.
- Graphite India: The company acquired a 31% shareholding in Godi India for a cash consideration of Rs 50 crore.
- TVS Holdings: The company applied for the status of 'core investment company' with the RBI.
- Alembic Pharmaceuticals: The company appointed Pradeep Chakravarty, w.e.f. Dec. 4 2023, as Head of Global Quality (senior management personnel of the company).
- Computer Age Management Services: Promoter entity Great Terrain Investment sold its 19.8% stake for Rs 2,700 crore via a block trade.
- KP Energy: The company was awarded the contract for the development of a 464.10 MW balance of system package for an inter-state transmission system (ISTS) connected wind energy project to be developed in the state of Gujarat by NTPC Renewable Energy Ltd.
- Gulshan Polyols: The company received an order worth Rs 572 crore to supply ethanol to OMC.The company will supply 89,404 KL of ethanol to BPCL, IOCL, and HPCL.
- Indian Energy Exchange: The company's November volume stood at 9,136 million units, up 17.5% year-on-year. Total electricity volume for November was 8,371 million units, up 13% year-on-year.
- MOIL: The company's manganese ore production jumped 35% year over year to 1.62 lakh MT in November.
- DCB Bank: The bank's promoter has expressed its interest in investing up to $10 million by subscribing to additional equity shares of the bank.
- KPI Green Energy: The company acquired a 99.90% stake in KPark Sunbeat Pvt. for a cash payment of Rs 2.26 lakh. It allotted 15.18 lakh equity shares with a face value of Rs 10 each at an issue price of Rs 830.15 per equity share.
- Max Financial Services: Analjit Singh, the founder and chairman of Max Life Insurance Co., has formally stepped down from the position and as a member of the board as of Dec. 4.
- Cupid: The company acquired a new land parcel in an industrial area near Mumbai. Through this, the annual production capacity will be augmented by approximately 770 million male condoms and 75 million female condoms.
