The markets are expected to open marginally higher today - ARETE Securities Ltd
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The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 189 points higher at 22,336.4 on Monday.
UltraTech Cement:
The company disclosed the acquisition of a grinding unit and captive railwaysiding from India Cement for ?315 crore, and plans to invest an additional?504 crore to expand the capacity of two units.
Patel Engineering:
The company has received board approval to initiate the QIP issue, settingthe floor price at Rs 59.5 per share. This represents a 10% discount to theprevailing market price. Additionally, the company is considering offering afurther discount of up to 5% on the established floor price.
Redtape:
The company has begun online operational activities from its newlyestablished warehouse located in Bhiwandi.
Patanjali Foods:
The company has established two wholly owned subsidiaries, ContemporaryAgro and Rishikrishi Farming, with an investment of Rs 20 lakh for each.
Indian Overseas Bank:
The company is set to raise funds amounting to Rs 1,000 crore through debtinstruments and a substantial Rs 5,000 crore through equity.
KP Energy:
The company has received an order for a 9 MW wind power project fromBhathwari Technologies.
Wipro:
The company has announced the voluntary dissolution of its step-downunit, Synchrony Global, effective today.
PSP Projects:
The company has sanctioned fundraising through a QIP at a floor price of?682.59 per equity share.
HAL:
The company announced the signing of a Transfer of Technology agreementwith National Aerospace Laboratories for the production of theBismaleimide Engine Bay Door, intended for the series production of theLight Combat Aircraft Tejas Mk1A.
Vodafone Idea:
The company’s FPO attracted global institutional investors, achieving fullsubscription at ?18,000 crore with QIBs at 1.23x, NIIs at 1.93x, and retail at 42%.
Magnum Ventures:
The company has approved the issuance of 7.5 million warrants at an issueprice of ?60 each
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