Stocks in news
Aether Industries raises Rs 750 crore through QIP issue — Goldman Sachs, SBI MF among key buyers
Wipro: The IT services exporter has expanded its presence in South Africa as it has inaugurated new office in Cape Town
Landmark Cars: Private equity firm TPG Capital is likely to sell 44 lakh equity shares or 11% stake in the automotive retailer via block deal on June 23, reports CNBC-Awaaz quoting sources. The block deal is likely to take place at 0-5% discount to current market price and the deal is launched by ICICI Securities. TPG Growth II SF Pte Ltd holds 11.25% stake or 44.56 lakh shares in the company as of March 2023.
Craftsman Automation: Axis Mutual Fund has bought additional 1.26 lakh shares in auto ancillary company, and Goldman Sachs Funds-Goldman Sachs Asia Equity Portfolio purchased 5.05 lakh shares at an average price of Rs 3,960 per share. However, Srinivasan Murali was the seller, offloading 8 lakh equity shares at same price, which amounted to Rs 316.8 crore.
Sansera Engineering: Foreign venture capital investors CVCIGP II Employee Ebene, and Client Ebene sold Rs 622.34 crore shares or 14.08% stake in the auto component maker via open market transactions. CVCIGP II Employee Ebene offloaded 26.75 lakh shares and Client Ebene 47.77 lakh shares at an average price of Rs 835 per share. As of March 2023, both held 28.16% stake in Sansera.
HDFC
The company divested 9.65% stake in Ruralshores via buyback route. It also soled entire stake in HDFC Property Ventures and HDFC Venture Capital to Vividh Distributors for a consideration of Rs 1.2 crore and Rs 30 lakh respectively. The lender also bought 3.86% stake with 5.13% voting rights in interior designs company Bonito Designs and 914 CCPS of Cognilements (Relata) entitling a stake of 4% to 7%
INFOSYS LTD
Board announced that it has launched a free Artificial Intelligence (AI) certification training on Infosys Springboard. Infosys AI-first specialists and data strategists, responsible for delivering Infosys TopazTM AI-first set of services, solutions and platforms will help shape the curriculum to help learners build future-ready skillsets
Vedanta
Board Clarification on the news article that Vedanta Limited is selling the Sterlite Copper Plant, Thoothukudi. The said media articles are wrong, baseless and incorrect and the same is refuted by the Company
PNB Housing Finance Limited
Board approved approved issuance of Non Convertible Debentures in tranches aggregating up to INR 5,000 Crore
Bhansali Engineering Polymers Limited
Company has through circular resolution fixed Wednesday, 5th July, 2023 as the Record Date for the purpose of ascertaining the shareholders entitled to receive Bonus Shares in the ratio of 2 : 1 i.e. 1 Equity Share of the face value of~ 1/- each for every 2 Equity Shares held as approved by shareholders at the Annual General Meeting held on 19th June,2023.
HBL Power Systems Limited
Board meeting to be held on June 28, 2023 inter-alia to consider a proposal of slump sale of two product lines viz. Power Electronics (PE) and Integrated Power Supplies (IPS) for the railways, to Moebius Power Electronics Private Limited, Hyderabad wherein HBL remain as a shareholder.
Coforge Limited
Company has acquired the Final Tranche Shares of balance 20% equity shares in the M/s Coforge Business Process Solutions Private Limited (Subsidiary) thereby aggregating its shareholding to 80% of the total paid up share capital of Coforge Business Process Solutions Pvt. Ltd.
KPR Mill Ltd
By: via Telegram.me/AlliesFin #StockMarket #india
