The markets are expected to open marginally higher today as trends in GIFT Nifty indicate a positive start - ARETE Securities Ltd
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The markets are expected to open marginally higher today as trends in GIFT Nifty indicate a positive start for the broader index after Nifty closed 123 points lower at 22,023.35 on Friday.
L&T Finance:
The company’s board has sanctioned the raising of funds viadebentures. The fundraising will be structured such that the total NCDsissued and outstanding remains below ?1.01 lakh crore.
Tata Steel:
The cessation of the coke oven operations at Tata Steel UK’s Port Talbotfacility in Wales has been announced due to a decline in operationalstability. To mitigate the effects of shutting down the coke ovens, thefirm plans to boost coke imports.
HG Infra Engineering:
The company has secured four contracts with a cumulative value of?1,026 crore, in collaboration with the Stockwell Solar Services JVconsortium, for solar projects from Jodhpur Vidyut Vitran Nigam.
Aegis Logistics:
The firm’s subsidiary has sanctioned the purchase of specialized storageterminals in Mangalore, enhancing capacity with an investment of up to?125 crore
Nibe:
The firm has obtained a ?21 crore order from L&T for manufacturingheavy structural assemblies and sub-assemblies, including gabion wallconstruction.
TCS:
Tata Sons intends to divest 2.34 crore shares at ?4,001 each, aiming togarner about ?9,362 crore or $1.13 billion through the transaction.
Aditya Birla Sun Life AMC:
In an effort to meet the minimum public shareholding requirements,two promoter groups have proposed an offer for sale of an 11.47%equity stake, with a base price of ?450 per share.
Paradeep Phosphates:
The firm has temporarily halted operations of its ammonia and ureaplants in Goa following a malfunction in the synthesis gas compressor.
Signature Global:
The acquisition of a full 100% interest in Gurugram Commercity hasbeen finalized, making GCPL a fully owned subsidiary as of today.
TVS Supply Chain Solutions:
The company has completed the deregistration of its step-downsubsidiary, Transtar China, as part of the rationalization of the holdingstructure for its foreign subsidiaries.
JSW Steel:
The company has stated that it has not contributed ?5 crore to the JD(S)political party through electoral bonds.
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