05-06-2024 08:47 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start - 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 1379 points lower at 21,884 on Tuesday.

Lancor Holdings Limited:

The company has obtained NSE’s nod for the listing of equity sharesamounting to 1.22 crores under a preferential basis.

Texmaco Rail & Engineering Ltd.:

The company has entered into a shareholders’ agreement and sharepurchase agreement with Saira Asia Interiors, sealing the deal for ?90 million.

UFlex Ltd.:

The company has entered into an agreement for the acquisition of 5.03%equity shares in OneVolt Energy, with the deal valued at ?96 million; theinvestment aims to secure long-term sourcing of solar power.

Tata Motors Ltd.:

The company has announced the merger of Tata Motors Finance with TataCapital, post-merger, the company will effectively hold a 4.7% stake in themerged entity.

Jindal Stainless Ltd.:

The company completed the acquisition of a 100% equity stake in EvergreatInternational Investment Pte Ltd on June 4, 2024, making Chromeni Steels PvtLtd a step-down subsidiary.

Container Corporation of India Ltd.:

The company and Shipping Corporation of India have signed an MOU toprovide a seamless end-to-end logistics solution.

Reliance Industries Ltd.:

The company has completed the registration of sub-lease deeds for land andassociated development rights, amounting to ?134 billion, for approximately3,750 acres of land.

NLC India Ltd.:

The company has scheduled a board meeting on June 10 to consider raising aloan up to $600 million through External Commercial Borrowings.

Hindalco Industries Ltd.:

The company’s US subsidiary, Novelis, has announced the postponement ofits $945 million initial public offering, attributing the decision to current‘market conditions’.

Kronox Lab Sciences Ltd.:

The company’s public issue was subscribed at 24.58x on day 2, led byinstitutional investors at 3.39x, non-institutional investors at 52.93x, andretail investors at 24.53x.

GPT Infra Projects Ltd.:

The company has won an order valued at ?547 crore.

Deep Industries Ltd.:

The company has secured an order valued at ?56 crore.

 

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