Insider Trades
Nirlon: Promoter Group Shital Trading Interiors sold 5,000 shares on August 29.
Arman Financial Services: Promoter Himani A Manakiwala sold 2,000 shares on August 29.
Zydus Wellness: Promoter Group Zydus Family Trust bought 5,785 shares on August 29.
Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on August 29.
Geojit Financial Services: Promoter BNP Paribas SA sold 9.32 lakh shares between August 24 and August 26.
Jindal Steel & Power: Promoter Group Opelina Sustainable Services bought 16.09 lakh shares on August 25.
DB Corp: Promoter Girish Agarwal bought 3.77 lakh shares between August 24 and August 29.
Star Cement: Promoter Group Sarika Jalan sold 1,927 shares on August 24.
Who’s Meeting Whom
Cummins India: To meet analysts and investors on September 2.
Schaeffler India: To meet analysts and investors on September 1 and 2.
Neogen Chemicals: To meet analysts and investors on September 5, September 16, and September 23.
Gati: To meet analysts and investors on September, September 6, September 7, September 8, September 16, and September 20.
Allcargo Logistics: To meet analysts and investors on September 5 and 6.
Capri Global Capital: To meet analysts and investors on September 1.
Morning Market News & Update
Zee Entertainment: The company entered strategic licensing agreement with Disney Star for TV broadcasting rights for ICC Men’s and Under 19 global events for a period of four years.
Tata Motors: The company has bought 49% stake of Marcopolo S.A. in Tata Marcopolo Motors for Rs 99.96 crore. Consequently, TMML will become a wholly owned subsidiary of the company.
Tata Steel: The company has invested Rs 54 crore in its wholly owned subsidiary Tata Steel Mining.
Infosys: The company divested its minority stake in San Francisco based Trifacta Inc for $12 million.
Glenmark: The company along with Hikma Pharmaceuticals launched nasal spray Ryaltris for relief for both nasal and ocular symptoms of seasonal allergic rhinitis
Inox Wind: The company approved fund raising of Rs 800 crore via issue of non-convertible preference shares to promoters on preferential basis. The funds will be used for repayment of debt. It aims to achieve net debt zero status “in the near future.”
Credit Access Grameeen: The company has entered an arrangement to avail $90 million through first of its kind Loan Syndication Arrangement led by HSBC Bank. The other lenders in the syndication arrangement include Bank of India, Union Bank of India and UCO Bank.
Aditya Birla Fashion and Retail: The company received approval from Competition Commission of India for acquisition of 7.49% stake by Caladium Investment Pte for Rs 2,195 crore.
By: via @AlliesFin Serve Stock Market
