, the nation’s largest insurer, has elevated its stake in HDFC to over 5 per cent following the acquisition of shares from the open market. LIC bought 1.2 lakh shares from the open market mountaineering its stake within the firm to five.003 per cent.
Tata Motors: The homegrown auto main is seeking to enhance passenger car costs from subsequent month with a view to make its mannequin vary compliant with stricter emission norms which kick in from April 1 subsequent 12 months. The worth revision would additionally offset the influence of commodity costs, which have remained excessive for probably the most a part of the 12 months.
Vodafone Idea: Cellular tower firm American Tower Company (ATC) expressed uncertainty round Vodafone Thought’s intent to clear its dues by January. Final month, shareholders of debt-ridden Vodafone Thought have accredited issuing shares value Rs 1,600 crore to ATC Telecom Infrastructure – Indian arm of ATC.
: A promoter entity, Srinivasan Belief, offloaded 25,69,726 shares or 0.54 per cent stake of two wheeler participant at a median value of Rs 1,020.03 apiece for Rs 262 crore by way of an open market transaction, in response to the majority deal knowledge out there with the BSE.
: The civil building firm and its InvIT subsidiary IRB Infrastructure Belief, have collectively reported 39 per cent enhance within the toll assortment in November 2022 on year-on-year foundation, throughout all initiatives. The corporate reported toll assortment in November is Rs 365.95 crore.
Natco Pharma: The drug agency stated it has obtained a positive verdict from Delhi Excessive Courtroom in a patent infringement case. A double bench of the Excessive Courtroom of Delhi has dismissed an attraction filed by FMC Company, FMC Singapore and FMC India.
JSW Energy: The utility agency stated that its arm JSW ReNew Power has commissioned 27 MW wind vitality era capability at Tuticorin in Tamil Nadu as a part of the primary section of its 450 MW wind undertaking. That is the corporate’s first greenfield wind energy undertaking to be commissioned and is a testomony of the group’s undertaking execution capabilities.
: The castinga and forgings participant hit out on the board of for recommending shareholders to vote in opposition to a decision demanding a forensic audit of the affairs of the corporate by an exterior company on the upcoming extraordinary common assembly on December 8.
Rainbow Children’s Medicare: British Worldwide Funding divested its whole 14.45 per cent stake or 1,46,66,112 shares in multi-speciality pediatric hospital chain at a median value of Rs 735 apiece for an estimated Rs 1,078.48 crore by way of open market transactions, in response to the majority deal knowledge out there with NSE.
Transmission: The utility participant stated its board of administrators can be holding a gathering to think about fund elevating by way of NCDs on personal placement foundation on December 8.
: Billionaire Gautam Adani’s group open supply for media participant ended with buyers tendering almost 32 per cent share of the media home regardless of a deep low cost to the inventory’s present buying and selling value. The Adani group agency acquired almost 53.27 lakh share shares of NDTV from the open market at a value band of 294.
Ahluwalia Contracts (India): The development and engineering firm has secured an order for building of 5,000 seating capability public auditorium at Guwahati from PWD, Dispur, Guwahati (Assam). The contract is value Rs 174.88 crore, taking order influx throughout FY23 to Rs 3,962.24 crore until date.
: The FMCG firm stated its board of administrators will think about a proposal for buyback of fairness shares of the corporate on December 9.
Industries: The beverage firm has entered into Memorandum of Understanding with Apeejay Tea for acquisition of two tea estates in Assam for Rs 109 crore.
: Kishor Biyani’s debt riddet agency’s structured digital database previous to the company insolvency decision course of has not been out there for verification for the quarter that ended September as a result of numerous causes, together with non-cooperation from erstwhile administration and lack of administrative preparations.
: The edible oil firm has obtained order value Rs 285 crore for provide of 4.9 crore litres of ethanol to grease advertising corporations. Its distillery arm has additionally bagged an order to provide 1.65 crore litres of ethanol to
with an order worth of Rs 107 crore.