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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 9 points lower at 24,610 on Tuesday.

Alkem Laboratories:

The company approved the transfer of its trade generics business to wholly owned subsidiary Alkem Wellness for ?750 crore on a slump sale basis, effective by March 2025.

Bharat Forge:

The company successfully raised ?1,650 crores through its QIP, which saw over 10X demand, with shares priced at ?1,320 each, to be used for debt repayment and inorganic growth initiatives.

Coforge:

The company partnered with ACORD Solutions Group as a Licensed Integrator Partner to drive automated data exchange and digitization in the global insurance industry.

HDFC Life Insurance:

The company’s Board approved an investment of ?6.6 crores in Bima Sugam India Federation, with a total investment not exceeding 10% of its paid-up equity share capital, subject to an increase in authorized share capital.

JASH Engineering:

The company reported consolidated orders of ?70 crores for November 2024, with ?22 crores from India and ?48 crores from international markets, totaling ?903 crores in the order book as of December 1, 2024.

Mahindra & Mahindra:

The company informed that its subsidiary Mahindra Susten incorporated Velos Hybren as a 100% owned subsidiary for renewable energy projects, with a ?15 lakh investment.

NBCC (India):

The company was awarded a ?432 crore contract for Project Management Consultancy services for a Net Zero Sustainable campus at Central University, Odisha.

PG Electroplast:

The company’s QIP Committee approved the allotment of 21.46 million equity shares at ?699 each, raising approximately ?1,500 crores.

Rama Steel Tubes:

The company approved acquiring a 24.81% stake in Bigwin Buildsys Coated for ?7.51 crore via preferential equity issuance, subject to approvals.

Religare Enterprises:

The company received RBI approval for increased shareholding by existing shareholders, subject to consolidation and regulatory compliance conditions.

Shriram Pistons & Rings:

The company’s subsidiary SPR Engenious to acquire 100% stake in TGPEL Precision Engineering for ?220 crore to expand precision tooling.

Sun Pharmaceutical Industries:

The company will hold a meeting of equity shareholders to consider the amalgamation of five wholly-owned subsidiaries and reclassification of general reserves into retained earnings, as per the NCLT order.

Tejas Networks:

The company released its three-year contract with Vodafone Idea to supply TJ1400 and TJ1600 transmission products, enhancing VIL's 4G and 5G backhaul capacity.

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