Market will open on a positive note today.
Stocks in Asia edged higher following a late rally in U.S. equities.
U.S. stocks erased losses in the final moments of trading as investors continued to gravitate to value shares.
🎯 News & Impact 🎯
🎯 Sun Pharma :
Company unit has increased its stake in PJSC Biosintez (Russia) from 96.96 % to 100 % for $8.2 lakh.
🎯 India Motor Parts :
Company recommends bonus issue in 1:2 ratio.
Positive for the stock. 👍
🎯 Indiabulls Real Estate :
Company plans to sell stake in four joint-ventures at an aggregate equity value of Rs.4,420 crore to Blackstone Group. The stake sale will help achieve the company its target of being zero net debt.
Positive for the stock. 👍
🎯 Reliance Capital :
Company called off its general insurance unit’s sale to Hero Fincorp.
🎯 Strides :
Company acquires strategic stake in Fairmed Healthcare AG in Europe.
🎯 Glenmark Pharmaceuticals :
Company receives ANDA approval for Clobetasol Propionate Foam.
🎯 DHFL :
DSP Mutual Fund said that DHFL has paid the balance amount of Rs.75 crore, resulting in the complete recovery of CPs held by various schemes of DSP Mutual Fund.
🎯 HCL Technologies :
Company plans to acquire 100 % stake in Sankalp Semi-Conductors for Rs.180 crore.
🎯 TCS :
Company partners with Cisco to build solutions that accelerate digitaI transformation.
🎯 Voltas and Tata Power partner to promote energy efficient ACs for consumers in Mumbai.
🎯 Premier Explosives :
Company receives order from Vikram Sarabhai Space Centre (VSSC) for production of PSOM-XL segments (solid propellant) for their satellite launch vehicles.
🎯 Allsec Technologies :
Company accepted the recommendations of the audit committee for purchase of HR Compliance Business of Coachieve Solutions as a going concern on a slump sale basis.
🎯 DFM Foods :
AI Global Investments (Cyprus) PCC makes an open offer to acquire 26 % stake at Rs.249.50 per share.
🎯 Quess Corp :
Fair trade regulator Competition Commission of India has approved Amazon Group’s investment arm’s application to invest in equity shares of the company by preferential allotment.
🎯 DFM Foods :
AI Global Investments (Cyprus) PCC Ltd., a subsidiary of U.S.-based private equity firm Advent International Corporation, will aquire the company for Rs.852 crore.
🎯 Meghmani Organics :
Company's arm said that it will set up project of Epichlorohydrin with a capacity of 50,000 tonne per annum. The project will be setup with a capex of Rs 275 crore and is expected to generate revenue of Rs 460 crore per annum at optimum operating rate. At present, the aforementioned product is imported entirely for domestic consumption.
🎯 Inox Leisure :
HDFC MF increased its stake from 5.2 % to 7.4 % in the company.
🎯 Punjab & Sind Bank :
Bank to consider capital infusion of Rs. 800 crore by Government of India on Sept. 19.
🎯 JSW Energy :
Company receives letter of award (LoA) for supply of 290 MW for a period of 3 years from the company's Vijayanagar Plant.
🎯 Indian Hume Pipe :
Company receives letter of intent (LoI) for the work of Rs.133.08 crore.
🎯 Varun Beverages :
Company to increase its stake from% 35 % to 55 in Lunarmech Technologies for Rs 15 crore.
🎯 Khadim India :
Company incorporated a wholly owned subsidiary in Bangladesh in the name of Khadim Shoe Bangladesh.
🎯 ABB :
ABB India, NITTTR set up digital simulation lab in Chandigarh.
Positive for the stock. 👍
🎯 Deepak Fertilisers :
Green nod to Deepak Fertilisers' Rs.190 cr expansion project.
Positive for the stock. 👍
🎯 Essel Propack :
Promoter Epsilon created pledge of 75 % stake in the company in favor of DB International Trust (Singapore).
Negative for the stock. 👎
🎯 Elpro International :
Company promoter International Conveyors acquired 4 lakh shares on Sept. 5.
Positive for the stock. 👍
🎯 Anant Raj :
Company promoters acquired 3.3 lakh shares from Sept. 5-6.
Positive for the stock. 👍
🎯 Panama Petrochem :
Company promoter group Ittefaq Ice and Cold Storage acquired 84,000 shares from Sept. 5-6.
Positive for the stock. 👍
🎯 Jindal Stainless Steel :
Company promoter Ratan Jindal acquired 1.56 lakh shares from Sept. 5-6.
Positive for the stock. 👍
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Edited by Sharp.
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