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Market Updates

The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 81 points lower at 25,198 on Wednesday.

Allied Blenders and Distillers:

The company has acquired a majority stake in a new entity, in collaborationwith Oh Five Oh Talent, with the acquisition costing ?700 crore; the newentity will be part of the alcoholic beverages industry.

Borosil Renewables:

The company has acquired a 49% stake in Clean Max Prithvi.

Century Textiles & Industries:

The company's unit will purchase Hindalco land in Kalwa, Thane, with thecompany providing a ?400 crore corporate guarantee for the land to Hindalco.

Foce India:

The company has approved raising ?490 million through a rights issue of shares.

Godrej Properties:

The company has approved the key information document for the issuanceof 6,460 NCDs worth ?646 million.

Interarch Building Products:

The company invests over ?95 crores in a 5“ PEB manufacturing plant,adding 60,000 MT/annum in 2 phases and boosting total capacity to200,000 MT/annum.

Linde India:

The company has entered into a plant sale agreement with Tata Steel toacquire their industrial gas supply assets, including two 1,800 TPD airseparation units (ASUs) at the Kalinganagar Phase 2 expansion project.

Lupin:

The company has launched Mirabegron extended-release tablets in theUnited States, where the product's sales are valued at $1.6 billion.

Minda Corporation:

The company has partnered with China’s Sanco Connecting Technology toadvance its EV product portfolio, including charging systems anddistribution units.

Parin Furniture:

The company received a contract from the Ministry of Civil Aviation,Airports Authority of India, for supplying airport furniture to VadodaraAirport with a total order value of ?77 lakhs.

RITES:

The company signed an MoU with NBCC to jointly pursue consultancy, feebased projects, and EPC contracts across urban energy, water management,transport, and infrastructure, handling project management andconsultancy, while NBCC focuses on implementation and construction.

Samvardhana Motherson:

The company plans to complete fundraising by the end of September,raising up to $715 million via a share sale to repay debt and fund expansion.

Suzlon Energy:

The company executed a conveyance deed with OE Business Park for thesale of the One Earth property, receiving ?4.4 billion from the sale.

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