Stock Insights : ACME Solar Holdings Ltd, BASF India Ltd, Jubilant Pharmova Ltd, Mahindra Lifespaces Ltd, Mankind Pharma Ltd - ARETE Securities Ltd
Market Updates
The markets are expected to open marginally lower today as trends in GIFT NIFTY indicate a negative start for the broader index after NIFTY closed 103 points higher at 25,285 on Friday.
ACME Solar Holdings
The company will invest Rs.1.5 crore to raise its stake in subsidiary ACME Sigma Urja from 49% to 99.66% to fund renewable projects.
Advait Energy Transitions
The company’s subsidiary Advait Greenergy signed an MoU with Govt of Gujarat to develop two projects worth Rs.1,450 crore under investment promotion.
BASF India
The company’s parent BASF SE signed a €7.7 billion agreement with Carlyle and QIA for its global coatings business, retaining 40% equity.
Hindustan Construction Company
The company secured a Rs.204 crore Hindalco contract for pot shell and superstructure fabrication supporting aluminium smelter expansion in Odisha.
Jubilant Pharmova
The company’s subsidiary Jubilant HollisterStier launched a new high-speed isolator-based sterile fill-finish line at its Spokane facility, adding 50% capacity.
KP Green Engineering
The company signed an MoU with the Gujarat government to develop hydrogen and EV fuel stations statewide with a planned Rs.8,000 crore investment.
KPIT Technologies
The company completed acquisition of OXI SRL Italy for $6 million, finalizing its $157 million global Caresoft acquisition across USA, UK, and Mexico.
Mahindra Lifespaces
The company was selected as preferred partner for redeveloping four residential societies in Malad West, Mumbai, with ~Rs.800 crore development potential.
Mankind Pharma
The company executed a Business Transfer Agreement to acquire Bharat Serums’ Women Health Branded Generic Business for Rs.797 crore via slump sale.
NTPC Green Energy
The company signed an MoU with Japan’s ENEOS Corporation to supply green methanol and hydrogen derivatives from its Pudimadaka Green Hydrogen Hub.
One 97 Communications
The company acquired 90.01% stake in Foster Payment Networks for Rs.55.2 crore from PFSL, making it a subsidiary to streamline group structure.
Poonawalla Fincorp
The company approved issuance of Rs.3,000 crore secured, redeemable, rated NCDs on private placement basis, proposed to be listed on BSE.
Travel Food Services
The company’s subsidiary TFS Gurgaon signed a three-year license with DIAL to operate 14 F&B outlets at IGI Airport Terminal 2.
Zen Technologies
The company received a Rs.37 crore order from the Ministry of Defence for supplying Anti-Drone Systems with Hard Kill to be executed within a year.
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