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Market Updates

The Markets are expected to open marginally higher today as trend in GIFT nifty indicate a positive start for the broader index after Nifty closed 104 points higher at 21,255 on Thursday.

Kaynes Technology:

The company raised Rs 1,400 crore via qualified institutional placement and set an issue price for QIP at Rs 2,424 per share, which indicates a discount of 1.06% to the floor price of Rs 2,449.96 per share.

KPI Green:

The company raises Rs 300 crore via qualified institutional placement and sets an issue price for QIP at Rs 1,183 per share, which indicates a discount of 4.98% to the floor price of Rs 1,245 per share

Infosys:

The IT major announced a 5?year collaboration with auto parts distributor LKQ Europe to provide IT?related business solutions.

Hindustan Unilever:

The National Company Law Tribunal has given the nod to voluntarily liquidate the unit Bhavishya Alliance Child Nutrition Initiative.

Suven Pharma:

The board has approved the appointment of Himanshu Agarwal as Chief Financial Officer effective from Jan. 2, 2024, and Subba Rao Purapalli to step down as CFO effective Jan. 2, 2024

Paisalo Digital:

The company will consider raising funds by issuing a non?convertible debenture on Dec. 28.

 Tata Motors:

The company received a no?objection certificate from the National Stock Exchange and Bombay Stock Exchange for the conversion of its differential Currency Value Change voting rights shares to ordinary shares.

Life Insurance Company:

The Department of Economic Affairs granted a one?time exemption to the company to achieve a 25% minimum public shareholding within 10 years from the date of listing, i.e., until May 2032.

GMR Airports:

The National Investment and Infrastructure Fund will invest Rs 675 crore in the company’s upcoming greenfield airport at Bhogapuram, Andhra Pradesh.

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