Stocks in News Post Market Closure - Major Announcements and DealsStocks in News Post Market Closure
Team FS
18/Jul/2024

Key Points:
Adani Enterprises acquires a significant stake in Parserlabs India.
K&R Rail Engineering announces stock split and new work order.
Indian Oil Corporation issues substantial non-convertible debentures.
Adani Enterprises Ltd.: Sirius Digitech Limited, a joint venture company of Adani Global Limited, Mauritius, which is a wholly owned subsidiary of the Company, executed a securities purchase agreement and a shareholders agreement on 15th July, 2024 with Parserlabs India Private Limited (PIPL), shareholders of PIPL, and Coredge.io India Private Limited, a wholly owned subsidiary of PIPL, to acquire a 77.5% stake in PIPL.
K&R Rail Engineering Limited: The board meeting held on 13th July 2024, approved a sub-division/stock split of existing 1 equity share of face value of Rs. 10 each fully paid up into 10 equity shares of Re. 1 each fully paid up. The company also obtained a work order dated 25.06.2024 for a value of Rs. 450 million from The KCP Limited.
Indian Oil Corporation Limited: The company has issued 250,000, 7.36% unsecured, listed, rated, taxable, redeemable, non-convertible debentures (Series - XXVI) of Rs.100,000 each aggregating to Rs. 2,500 crore on a private placement basis.
One 97 Communications Limited: FlixBus announces a strategic partnership with India’s leading travel aggregator Paytm to expand its distribution network.
Sarveshwar Foods Ltd: The company enters into a strategic partnership with Boomitra to drive sustainable agriculture practices and empower farmers.
GACM Technologies Limited: The board has approved a rights issue scheduled to open on July 31, 2024, and close on August 14, 2024.
IGC Industries Limited: The board approved the proposal to invest in the equity shares of M/s. CNX Corporation Limited up to 90% of its paid-up share capital via the purchase or acquisition of securities from the existing shareholders. Additionally, fund-raising through the issue of equity shares was also approved.
Exide Industries Limited: The company has invested Rs. 74,99,99,988 by way of subscription in the equity share capital of its wholly-owned subsidiary, Exide Energy Solutions Limited on a rights basis. With this investment, the total investment made by the company in EESL stands at Rs. 2,577.24 crore.
HeidelbergCement India Limited: The company has entered into a manufacturing tie-up arrangement with Himalaya Height Cement Private Limited (HCPL). Under this arrangement, HCPL will manufacture Portland Pozzolana Cement (PPC) at its Bhabhua Grinding Plant in Bihar and pack the same in bags bearing HCIL’s registered trademark ‘mycem’.
RMC Switchgears Limited: The company has incorporated a new subsidiary, RMC Green Energy Private Limited, with a share capital of Rs. 10 lakhs, holding a 51% stake in this subsidiary.
Dev Information Technology Ltd (DEVIT): The company secured a noteworthy order from a prestigious client for the “Selection of Agency for Study, Design, Development, and Implementation of Kaushal Darpan Portal & Application.
Jay Shree Tea & Industries Ltd: A board meeting to be held on July 23rd, 2024, to consider and approve the intended closure of the sulfuric acid manufacturing undertaking situated at Pataudi, Gurgaon, Haryana, and definitive agreement(s) to be entered into with prospective buyers of the land at Pataudi, Gurgaon, Haryana.
Paos Industries Limited: On approval received from the audit committee regarding the terms & conditions for the business transfer agreement (BTA) to be entered amongst the company and M/s National Soap Mills, for the purchase of their undertaking by the company.
Ascensive Educare Ltd: The company has entered into MOUs with SAMAGRA SHIKSHA for vocational education and implementation under the Vocational Education Component in alignment with National Skill Qualification Framework (NSQF) in 117 schools in Madhya Pradesh.
Techno Electric & Engineering Company Ltd: The board approved the raising of funds with the floor price for the QIP being Rs. 21506.58 per equity share.
KEC International Limited: KEC International wins new T&D orders worth Rs. 1,100 crores.
Zee Entertainment Enterprises Limited: The board approved raising funds by issuing 5% coupon, unsecured, unlisted, foreign currency convertible bonds up to USD 239,000,000 maturing in 10 years (FCCBs) on a private placement basis.
Alphalogic Techsys Limited: The board approved the allotment of 1,41,33,695 bonus equity shares in the ratio of 14:48, i.e., 14 equity shares of nominal value of Rs. 05 each fully paid up for every 48 existing equity shares held of nominal value of Rs. 05 each.
Glenmark Pharmaceuticals Ltd: The company receives ANDA approval for Topiramate Capsules USP, 15 mg, and 25 mg.
Fiem Industries Ltd: The company has opened a new R&D center cum liaison office in Japan under its wholly-owned subsidiary, Fiem Industries Japan Co. Ltd.
Purple Finance Limited: The board approved the issuance of unsecured unlisted redeemable non-convertible debentures of the company for an amount not exceeding ₹5,00,00,000 by way of private placement.
Global Health Limited: The company has participated in the e-auction tender of land issued by Mumbai Housing and Area Development Authority (MHADA), measuring 8859.24 sq. meters at Mauje-Oshiwara, Jogeshwari, Mumbai, Maharashtra, with an offered consideration of Rs. 125.11 crores.
Nazara Technologies Limited: Developments related to ongoing GST matters of the gaming industry on behalf of company subsidiaries:
Openplay Technologies Pvt Ltd: Received a show-cause notice from the Director General of GST Intelligence, Kolkata, for a proposed liability of INR 845.71 crore for the period from 2017-18 to 2022-23.
Halaplay Technologies Pvt Ltd: Intimation of a proposed tax liability amounting to INR 274.21 crore from the Director General of GST Intelligence, Kolkata for the same period.
Cyient Limited: The Regional Director (South Eastern Region) of the Ministry of Corporate Affairs, Govt. of India has approved the scheme of amalgamation of Citec Engineering India Private Limited with Cyient Insights Private Limited.
Zydus Lifesciences Limited: Zydus announces a non-exclusive patent licensing agreement with Takeda for ‘Vault® (Vonoprazan)’ in India.
TVS Motor Company Limited: The Norton Motorcycle Co Limited, UK, a subsidiary of the company, celebrates the beginning of a new era with plans for global expansion.
Radico Khaitan Limited: The company announces the launch of ‘Sangam World Malt Whisky’ in Indian markets.
M M Forgings Limited: The equity bonus shares are allotted in the proportion of 1:1 i.e., 1 new fully paid-up equity share of ₹10 each for every 1 existing fully paid-up equity share of ₹10 each.
Eraaya Lifespaces Limited: The acquisition process of Ebix Inc., wherein an amount of USD 12 million (INR 101 crores) was remitted on 16th July 2024 and further to this USD 35 million (INR 293 crores) will be remitted within July 2024 itself.
AYM Syntex Limited: The company received an order from the Customs, Excise & Service Tax Appellate Tribunal, West Zonal Bench at Ahmedabad on July 16, 2024. The order is in the matter of service tax liability for the period of FY 2014-15 where the appeal filed by the company is allowed in toto with a consequential relief of deletion of demand of INR 4.79 crore on account of tax and penalty.
Innovators Facade Systems Limited: The company received a work order for the design, development, supply, fabrication, and installation of facade window work with an order size of INR 45.17 crores.
LTIMindtree Limited: Board approval to set up an entity by way of a wholly-owned subsidiary in Brazil, with an initial investment of USD 1 million in one or more tranches.
Bajaj Finance: IRDAI imposed a penalty of Rs 1 crore on the company for violation of rules on reconciliation of commission and professional fees received and reported, and a Rs 1 crore penalty for violation of regulations on maintenance of records of customer documentation.
ONGC: The company commenced production from a coal bed methane block in Bokaro, Jharkhand. Initial production at 1.7 lakh SCMD is expected to be ramped up to 3 lakh SCMD by the end of FY25.
Tata Power: The company plans to invest Rs 20,000 crore in capital expenditure in fiscal 2025 to expedite its pivot to renewable energy and augment its transmission and distribution businesses, Chairman Natarajan Chandrasekaran said.
Triveni Engineering: The company started commercial operations of its Indian-made foreign liquor business and launched two whisky products, Matsya and The Crafters Stamp.
IREDA: The company will invest Rs 290 crore through special-purpose vehicles in association with SJVN for a 900-megawatt hydropower project in Nepal.
Hindustan Oil Exploration: The company made a major gas discovery in an unexplored layer called Sand-9 in the Dirok-1 well. Initial tests show a flow rate exceeding 6 million standard cubic feet per day. If further tests are successful, this discovery could increase the company's proven reserves and boost revenue.
One 97 Communication: The company partnered with FlixBus to expand intercity bus services through its distribution network. Paytm will integrate FlixBus inventory on its platform.
GMR Airports: The company reported an 8% growth in total passenger traffic year-on-year at 1.06 crore in the month of June and a 6% jump in total aircraft movements at 69,055.
Techno Electric & Engineering: The company opened a QIP at a floor price of Rs 1,506.58 per share.
Chennai Petroleum Corporation: The government appointed MD Arvind Kumar as IOCL's Director of Refineries.
Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates
Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX & Upstox.