The Markets are expected to open marginally higher today as trend in SGX nifty - ARETE Securities
Market Updates
The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 216 points higher at 19,189 on friday.
Vedanta:
SEBI has imposed a penalty of Rs 30 lakh on the company for violating disclosure norms. Vedanta made incorrect disclosures about its plan to enter into the semiconductor business. Separately, the company said in an exchange filing that it will consider a potential strategic sale of its steel businesses to maximize stakeholder value. The company has engaged advisors to assist in this review.
Hero MotoCorp:
The automaker raised the prices of its motorcycles and scooter by around 1.5% with effect from July 3, 2023. The price revision is a part of a price review that the company undertakes from time to time.
Mazagon Dock Shipbuilders:
The company has signed a contract worth Rs 2,724.63 crore with the Indian Navy for Medium Refit cum Life Certification of second Shishumar class submarine INS Shankush.
PVR Inox:
The company opened 10 screen multiplex in Delhi and 5 screen multiplex in Ahmedabad. With this launch, the company now operates the largest multiplex network with 1697 screens at 360 properties in 114 cities, including India and Sri Lanka.
Kansai Nerolac Paints:
The board of the company approved the sale of its land in Thane and additional area, measuring 97,090 square meters for a total consideration of Rs 671 crore to Shoden Developers. Shoden Developers is a group company of House of Hiranandani.
Aditya Birla Capital:
The company completed Rs 3,000 crore fundraise. BlackRock, Abu Dhabi Investment Authority, and Massachusetts Institute of Technology were among key investors in the fundraise. The funds were raised via a Rs 1,750 crore QIP and a Rs 1,250 crore preferential issuance of equity shares.
Adani Transmission:
GQG Partners bought 2.13 crore shares in Adani Transmission in two bulk deals. GQG Partners Emerging Markets Equity Fund bought 72.59 lakh shares at Rs 786.19 per share in a bulk deal. Goldman Sachs GQG Partners International Opportunities Fund has purchased 1.40 crore shares in Adani Transmission at Rs 786.19 apiece in a bulk deal. Fortitude Trade and Investment has sold 3.39 crore shares in Adani Transmission at Rs 786.17 per share.
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