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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 93 points lower at 19,253 on thursday.

Reliance Industries:

The company's media unit Viacom 18 bagged both TV and digital rights of the Indian cricket team's home series for the next five years with a cumulative bid of approximately Rs 6,000 crore, beating Star India and Sony in a three-way battle. The rights will come into effect with India's three-match home series against Australia beginning Sept. 22 and ending March 31, 2028

Nykaa:

The company invested Rs 3.97 crore in its international arm, FSN International, by acquiring 39.78 lakh shares of Rs 10 each on a rights basis for providing long-term funds.

Aditya Birla Fashion and Retail:

The company said that it has completed the acquisition of a 29% stake in TCNS Clothing pursuant to the open offer. It also plans to raise Rs 750 crore on or after Sept. 4 through bonds on a private placement basis.

Genus Power Infrastructure:

The company’s step-down wholly owned subsidiary has bagged a Rs 2,247.37 crore order for 24.18 lakh smart metres, including their design, supply, installation, and commissioning. The total order book now stands at around Rs 11,000 crore.

ITD Cementation:

The company bagged a marine contract worth Rs 3,290 crore, excluding GST.

Shakti Pumps:

The company received an order from the Haryana Renewable Energy Department for the supply, installation, and commissioning of solar water pumping systems. The order will be executed within a 120-day period from the date of issue of the work order.

India Pesticides:

The company acquired 11,461 sq m of land adjacent to its existing Sandila plant in UP to set up a pesticide manufacturing unit. The cost of acquisition is Rs 9.61 crore.

Navneet Education:

The board approved a composite scheme of arrangement for the amalgamation of Genext Students and the demerger of the Edtech business of Navneet Futuretech into Navneet Education.

Ex-date Dividend:

Ganesh Housing Corporation, Vinati Organics, Shipping Corporation of India, Themis Medicare, Triveni Engineering & Industries, NBCC (India), APL Apollo Tubes, Gujarat State Petronet, Vakrangee, Arvind Fashions, Sansera Engineering, Metro Brands, etc.

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