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Market Updates

The Markets are expected to open higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 38 points higher at 18,601 on monday.

Adani Ports and SEZ:

The company has suspended vessel operations in Mundra and Tuna Port in light of advisory issued by Indian Metrological Department on expected cyclone storm ‘Biparjoy’.

Zee Entertainment Enterprises:

SEBI has barred Company’s Chief Executive Officer Punit Goenka and Essel Group Chairman Subhash Chandra from holding the position of a director or a key managerial position in a company’s board.

Tata Motors:

Company said $111.94 million in aggregate principle amount of external commercial borrowing bonds of $250 million 5.75% senior notes 2024 were validly tendered as of Jun. 9.

Housing Development Finance Corporation:

Company inked share purchase agreement to sell entire stake held in HDFC Ventures Trustee Company for an aggregate consideration of Rs 7.60 lakh.

Hero MotoCorp:

The automaker launched a vehicle model, Passion+, under its brand Passion. It is available at Hero MotoCorp’s dealerships across the country at an ex-showroom price of Rs 76,301.

Greaves Cotton:

Company’s e-mobility business Greaves Electric Mobility has entered into an agreement with non-banking finance firm Bike Bazaar Finance to finance vehicles. Under the deal, Bike Bazaar will finance Greaves Electric’s ELE-branded L3 electric vehicles.

HFCL

Company won order of about Rs 80.92 crore from Delhi Metro Rail Corporation to design, manufacture, supply, install, test and commission fibre optics transmission system for three priority corridors of Phase IV of Delhi Metro Rail project.

Inox Wind Energy:

The company will merge with parent Inox Wind via share swap. For every 10 shares of Inox Wind Energy, 158 equity shares of Inox Wind will be issued. This consolidation aims to simplify and streamline the group's structure by reducing the number of listed entities. For every 10 share warrants of Inox Wind Energy with issue price of Rs 847 each, 158 share warrants of Inox Wind with issue price Rs 54 will be issued. Inox Wind Energy shares closed 2.2% higher at Rs 1,818 apiece while Inox Wind shares slipped 0.48% to close at Rs 145.9 apiece.

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