India Daybook – Stocks in News
*Deepak Fertilisers:* Board gives in-principle approval to the scheme of arrangement between STL, DMSPL & MFTPL (Positive)
*SJVN:* IREDA signs Rs 4,450 cr loan pact with SJVN Green Energy for 1,000 MW solar project at Bikaner (Positive)
*Wipro:* Company has been selected by Mazda Motors Logistics Europe for application transformation in a five-year, multi-million Dollar deal (Positive)
*Reliance Industries:* Reliance Consumer Products launches FMCG brand ‘Independence’ in Gujarat. Reliance Digital Health to buy 2.25% stake in Synchron (Positive)
*Shriram Transport:* Company’s board to consider interim dividend, fund raising on December 24. (Positive)
*Alkem Labs:* Company gets US FDA nod for Lurasidone Hydrochloride used to treat the symptoms of Schizophrenia. (Positive)
*KPI Green:* signs long-term Power Purchase Agreement (PPA) for sale of 7.50 MW solar power with Tata Motors (Positive)
*Hindustan Foods:* To Acquire a pharmaceutical factory further expanding its Health Care & Wellness Division (Positive)
*Max India:* Ace investor Porinju Veliyath bought 2.3 lakh shares in the company (Positive)
*Kajaria:* The company has executed a joint venture agreement between subsidiary Kajaria International DMCC, UAE, and AL Rathath Marble Factory LLC, UAE (Positive)
*HDFC AMC:* Life Insurance Corporation of India has increased its stake by buying additional 2.03 percent stake (Positive)
*Ramkrishna Forgings:* Company to buy up to 51% of TSUYO Manufacturing in phases (Positive)
*Oil upstream companies:* Government revises Windfall Tax on crude petroleum from ₹4,900/t to ₹1,700/t (Positive)
*Oil Marketing PSUs:* Government cuts excise duty on petro to zero and cuts duty on ATF (Positive)
*Petronet:* Company will set up a floating LNG receipt facility at Gopalpur port in Odisha at Rs 2,306 crore (Positive)
*Hindustan Petroleum:* Board approves raising up to `10,000 cr via NCDs on a private placement basis (Neutral)
*Delhivery:* To Be Added to the FTSE All Cap Index Adjustment for the same will take place (Neutral)
*Sapphire Foods:* Promoter entity Sapphire Foods Mauritius offloaded 39 lakh shares in Sapphire Foods (Neutral)
*Himatsingka Seide:* Company said its board members have approved issuance of securities in one or more tranches, worth up to $13 million (Neutral)
*Max Healthcare:* Company approved providing funding of up to Rs 300 crore to its wholly owned arm Max Hospitals (Neutral)
*GMM Pfaudler:* Promoter to sell 1.34 cr shares (29.88% equity) via BlockDeal: Media Sources
*FSN E-Commerce:* Foreign investor Kravis Investment Partners II LLC sold 3.67 crore shares
*Repco Home:* Apax Global Alpha sold 3.64 lakh shares in the company
By: via Allies Fin Serve Stock Market
