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STOCK MARKET UPDATES

 




*    Piramal Enterprises: The company has invested Rs 2,000 crore in their unit Piramal Capital & Housing Finance by way of subscription to rights issues.

*    Avenue Supermarts: The DMart owner opened three new stores at Karimnagar (Telangana), Narsingi, Hyderabad (Telangana) and Sachin, Surat (Gujarat). The total number of stores as of today stands at 357.

*    Sanofi India, Cipla: The two companies announced an exclusive distribution partnership to expand the reach of the CNS (Central Nervous System) portfolio in India. Cipla will distribute Sanofi India's six CNS products.

*    Angel One: The company has set a floor price of Rs 2,555.01 a piece for its QIP.

*    Power Grid Corporation: The company successfully commissioned a capacity expansion project in the southern region.

*    APL Apollo Tubes: The company completed the acquisition of 53.57% share capital and voting rights in KML on March 26, 2024, making it a subsidiary.

*    IIFL Finance: The NBF appointed Arun Kumar Purwar as a chairman and an additional non-independent non-executive director effective from April 1.

*    Wipro: The company has transferred its entire shareholding by Wipro Holdings (UK) in Wipro Gulf LLC to Wipro IT Services UK Societas.

*    IDFC: The company received an NCLT order to seek shareholders' approval on May 17 regarding the scheme of amalgamation of IDFC Financial Holding into and with IDFC and IDFC with IDFC First Bank.

*    NTPC: has inked a pact with a Japanese agency for sourcing foreign currency loans of $200 million.

*    Indian Hotels: The company infused $6.5 million as equity in its Netherlands-based wholly-owned arm, IHOCO BV.

*    Matrimony.com: The board reappointed Murugavel Janaki Raman as a Managing Director till March 31, 2026.

*    Bharat Dynamics: HDFC Mutual Fund increased its shareholding to 3.02% as of March 22.

*    Praveg: Operations at Praveg's Safari Velavadar Resort, located near Blackbuck National Park in Gujarat started.

*    Prism Johnson: The company will consider fundraising via bonds on March 29.

*    Titan: TCL Watches Switzerland AG ceased to be a wholly owned subsidiary after liquidation.

*    CDSL: Standard Chartered plans to sell the entire stake of 7.18% via a block deal. The floor price is set at Rs 1,672 per equity share.

*    Wockhardt: The company raised Rs 480 crore via QIP at an issue price of Rs 517 per share.

*    Pratap Snacks: Commercial production at its newly set-up unit situated at Khewat commenced.

*    Adani Power: CCI approves the proposed acquisition of 100% equity share capital of Lanco Amarkantak Power Limited by Adani Power Limited.

*    Lumax Industries: The company will invest Rs 5 crore in its European unit.

*    Shyam Metalics and Energy: The company's JV obtained a letter of intent for the grant of a composite license for the Surjagad-1 iron ore block on an area of 1526 hectares in Maharashtra.

*    Crompton Greaves Consumer Electricals: HDFC Mutual Fund increased its shareholding to 9.46% as of March 22.

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