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Market Updates

The Markets are expected to open marginally lower today as trend in SGX nifty indicate a negative start for the broader index after Nifty closed 40 points higher at 18,856 on wednesday.

Glenmark Pharma:

The U.S. FDA issued a warning letter to the Monroe facility in North Carolina. The company had done a voluntary recall of all its products from this site in August 2021 and since then has not been commercialising any product from this site. Hence, the warning letter will have no impact on the existing revenues, it said.

Krishna Institute Of Medical Science:

SBI Mutual funds under its various schemes has acquired 52,08,276 shares of the company which is 6.5% paid up share capital of the company.

Tata Consultancy Services:

TConsultancy Services, U.K.’s Nest Pension expand strategic partnership to provide enhanced member experience. That, in turn, will provide better retirement outcomes for Nest’s 12 million members.

Bharti Airtel:

Bharti Airtel picks up 12.07% stake in Egan Solar Power to seek captive power plant for Rs 1.3 crore. The telecom giant aims to own and operate the captive power plant to comply with electricity laws.

NTPC:

The company to consider raising Rs 12,000 via bonds on June 24.

Sansera Engineering:

Client Ebene and CVCIGP II Employee Ebene to sell 47.8 lakh shares (9%) and 26.8 lakh shares (5.1%) respectively. Shares are offered in the price range of Rs 799.85 to 841.95 apiece, representing a discount of up to 5% to Wednesday’s closing price.

Delhivery:

Global private equity firm Carlyle is planning to sell a stake of 2.53 percent it holds in the Gurugram-based logistics startup Delhivery through a block deal. The deal size will be of around 1.84 crore shares, amounting to $86 billion, the sources said, adding that the base price is likely to be Rs 385.5 per share.

Sula Vineyards:

Quant Mutual Fund has acquired an additional 5 lakh shares or 0.59 percent equity stake.

Thyrocare

Societe Generale has bought 2.96 lakh shares or 0.56 percent equity stake.

Ex-Date Dividend:

Tata Steel, Rainbow Childrens Medicare, eMudhra, Tata Elxsi.

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