Powered by: Motilal Oswal
26-12-2024 09:03 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

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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 25 points lower at 23,727 on Tuesday.

Akums Drugs and Pharmaceuticals:

The company signed a long-term CDMO agreement with a global pharmacompany for manufacturing and supplying oral liquid formulations inEurope, valued at Rs.1,760 crores.

Apollo Hospitals Enterprise:

The company announced Apollo Healthco's acquisition of SearchlightHealth's business and intellectual property for Rs.67.5 crore in a slump sale.

Bharat Forge:

The company approved an investment of Rs.345.58 crores in its subsidiaryBharat Forge Global Holding GmbH for equity capital infusion.

BPCL:

The company emerged as the lowest bidder for 150 MW in NTPC's tenderfor 1200 MW solar PV power projects, with a Rs.756.45 crore capital outlay.

Ceigall India:

The company’s subsidiary executed a ?981 crore Concession Agreementwith NHAI for a Greenfield highway project.

EFC (I):

The company’s board approved a demerger scheme for its subsidiary EFCLimited, transferring leasing businesses to three step-down subsidiaries.

HFCL:

The company inaugurated a defense manufacturing facility in Hosur, TamilNadu, for producing advanced defense technologies, including ThermalWeapon Sights and Radars.

India Cements:

The company became UltraTech Cement's subsidiary after acquiring 55.49%equity, including 32.72% additional shares.

International Gemmological Institute (India):

The company acquired 100% stakes in IGI Netherlands B.V. for $88.44million and IGI BV for $69.76 million, expanding globally.

NALCO:

The company signed a mining lease for Utkal-D and Utkal-E coal blocks toenhance coal production to 4.0 MTPA.

Panacea Biotec:

The company received a Letter of Award from UNICEF for supplying 115million doses of bOPV worth ~Rs.127 crore in CY2025.

UltraTech Cement:

The company acquired a 26% stake in Clean Max Sapphire for Rs.45.77 croreto meet green energy needs.

 

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM00001274

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer