STOCKS TO WATCH: NDTV, ARVIND SMARTSPACES, PFC, UGRO CAPITAL, EASY TRIP, CHENNAI PETRO, HPCL, TCS, COMPUTER AGE, MADHYA BHARAT
NDTV: Adani Unit Acquired 100% Equity Stake In VCPL
Arvind Smartspaces: Co Inks Agreement With HDFC Capital Advisors For Creating Residential Development Platform With Revenue Potential Of Upto Rs. 5,000 Crores
Power Finance Corp: Co Signs MOU For 67.5b Rupees With Mahapreit To Aid 1550 Mw Solar Power Projects In Maharashtra
Ugro Capital: Board Meeting On Aug 26 To Consider Raising Of Funds Via Issuance Of Non-Convertible Debentures
Easy Trip Planners: Board Meeting On Aug 26 To Consider Raising Further Capital
Chennai Petroleum Corp: Co To Form Joint Venture With Indian Oil And Other Seed Equity Investors
HPCL: Co Commences First Cow Dung To Compressed Biogas Project Under Gobar-Dhan Scheme || Co's First Project Under Waste To Energy Portfolio Commenced In Rajasthan
TCS: Co Spokesperson Says 100% Variable Amount Is Being Paid For Q1 || Says Variable Pay Is Either Paid In Month One Or Month Two As Per The Normal Process And There’s No Delay In That Process
Computer Age Management Services: Co Says Great Terrain Investment Cuts Stake In Co By 3.79% To 19.95%
Madhya Bharat Agro Products: Co Recommended Bonus Issue Of Shares In Ratio Of 1:1
Stocks To Watch
Adani Enterprises/NDTV: Adani Media Networks, a wholly owned subsidiary of Adani Enterprises acquired indirect stake in NDTV. AMNL acquired stake in NDTV through acquisition of 100% stake in Vishvapradhan Commercial for an enterprise value of Rs 113.74 crore. Vishvapradhan Commercial exercised its right to convert 10 crore warrants into equity in RRPR Holding, the holding company of promoters Pranoy and Radhika Roy controls 29.18% stake in NDTV. Moreover, Vishvapradhan Commercial along with AMG Media and Adani Enterprises to make open offer for 26% stake or 1.62 crore shares at Rs 294 apiece.
Chennai Petroleum: The company approved the proposal for a joint venture with Indian Oil and other seed equity investors including Axis Bank, HDFC Life Insurance Company, ICICI Bank,ICICI Prudential Life Insurance Company and SBI Life Insurance Company for implementing 9 MMTPA refinery project at Cauvery Basin refinery Nagapattinam District. The project cost is Rs 31,580 crore. The board also approved investment of Rs 2,570 crore in the joint venture as company’s contribution of 25%.
Nava: The company has discontinued production of High Carbon Ferro Chrome in its Odisha Works for Tata Steel Mining company at the end of October 2022. The agreement for production of HCFC for TATA Steel Mining was up to March 2025.The company will undertake a scheduled maintenance of the Odisha smelters in November 2022 and switch over to production of Manganese alloys in Odisha Works. The Company has geared up for this additional production in Odisha, besides that in Telangana, aggregating to a rated capacity of 1,80,000 MT of Manganese Alloys per annum. The switchover would provide the company better economies of scale and improved market share in the Manganese alloys segment.
Who’s Meeting Whom
Meghmani Finechem: To meet investors and analysts on Aug. 24.
Tech Mahindra: To meet investors and analysts on Aug. 26.
UltraTech Cement: To meet investors and analysts on Aug. 24.
Shilpa Medicare: To meet investors and analysts on Aug. 24.
Persistent Systems: To meet investors and analysts on Aug. 24.
Aptus Value Housing Finance India: To meet investors and analysts on Aug. 24.
PI Industries: To meet investors and analysts on Aug. 24 and Aug. 26.
Marksans Pharma: To meet investors and analysts on Aug. 24.
Jindal Stainless: To meet investors and analysts on Aug. 24 and August 25.
Aarti Drugs: To meet investors and analysts on Aug. 24.
Insider Trades
LG Balakrishnan & Bros: Promoter Nithin Karivardhan sold 2,017 shares on August 22.
Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on August 22.
Nuvoco Vistas Corporation: Promoter Group Niyogi Enterprise bought 55,000 shares between August 18 and August 19
By: via @AlliesFin Serve Stock Market
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*India Daybook Stocks in News* *MOIL:* Feb production at 1.5 lk tn manganese; up 15% YoY. (Positive) *AMI Organics:* Company gets paten...
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