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 24 points lower at 22,932 on Monday.
Asian Paints:
The company’s Singapore-based arm has signed a pact to acquire a 24.3% stake in SCIB for Rs 34.42 crore, resulting in APIPL holding an 85.6% stake post-acquisition.
Adani Energy Solutions:
The board approved a fund-raising plan for an amount not exceeding Rs 12,500 crore through QIP or another permissible mode.
Praveg:
The company acquired a 51% stake in both Abhik Advertising and Bidhan Advertising.
Diamond Power Infrastructure:
The founders Monarch Infraparks and GSEC will sell a 2.44% stake each via OFS on May 28 and 29, with the OFS floor price set at Rs. 855 per share.
Jyoti Structures:
The company’s rights issue was oversubscribed by 207%, receiving applications worth Rs. 361.66 crores compared to the issue size of Rs. 174.63 crores.
Awfis Space Solutions:
The public issue saw a subscription rate of 108.56x on day 4, with institutional investors at 129.81x, non-institutional investors also at 129.81x, retail investors at 54.58x, and employees at 25.2x.
BSE:
The company approved the execution of a Share Purchase Agreement with SPDJ Singapore Pte for acquiring a 50% stake in AIPL from SPDJS.
Transformers & Rectifiers:
The company successfully tested and supplied the world’s third-largest Electric Arc Furnace Transformer, rated at 220 MVA.
Kolte-Patil Developers:
The company is planning to launch a new project with an investment of INR 1,200 crores by the end of Q1 or Q2.
SpiceJet:
Former promoter Kalanithi Maran seeks Rs 1323 crore in damages for alleged contractual violations.
Lumax Auto Technologies:
The company approved an investment of up to 5 million rupees in unit Lumax FAE Technologies, and an investment of 4.8 million rupees to acquire up to 49% stake in Clean Max Magnus.
Honasa Consumer:
The company strengthens R&D capabilities with the strategic acquisition of Cosmogenesis Labs.
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