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Market Updates

The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 192 points lower at 19,523 on thursday.

Pidilite Industries:

Subsidiary Pidilite Ventures acquired up to a 20% stake in toymaker Imagimake Play Solutions for Rs 20 crore.

Dr. Reddy's Laboratories:

The drugmaker's Swiss unit incorporated another wholly-owned subsidiary in Jamaica, named Dr. Reddy’s Laboratories Jamaica.

Tata Communications:

U.S.-based Kaleyra expects its $100 million acquisition by the Tata Group company to be completed by Oct 5.

Uno Minda:

The company will raise its stake in a joint venture with Italy's Westport Fuel Systems to 76% from 50%. The two companies are amending the JV agreement to include future hydrogen components. The JV is for the sale of CNG, LNG, and LPG components and kits to OEMs.

Yes Bank:

The lender acquired 1.79 lakh shares of unit Yes Securities for Rs 100 crore.

Emami:

The company will acquire a 26% stake in Axiom Ayurveda, which markets beverage products under the brand 'AloFrut', to expand in the health and wellness segment.

NLC India:

The company will set up three 800 MW thermal power projects in Odisha and has also signed a long-term power purchase deal with GRIDCO for 400 MW. NLC's entire capacity of 2,400 MW has been tied up on a long-term basis wit

Godrej Agrovet:

The company entered into a strategic partnership agreement with Sime Darby Plantation Berhad to secure supplies of oil palm seeds and later set up a state-of-the-art seed production unit in India.

Saregama India:

The company acquired a 51.82% stake in Pocket Aces Pictures for Rs 174 crore. It will acquire another 41% stake in the next 15 months at pre-agreed multiples. Pocket Aces owns IPs such as Filtercopy, Gobble, and Nutshell.

Adani Energy Solutions, Adani Green Energy:

Abu Dhabhi-based IHC Capital Holding's units Green Energy Investment Holding and Green Transmission Investment Holding have entered into a definitive agreement with a buyer to dispose of their investments in Adani Green Energy and Adani Transmission.

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