The Markets are expected to open marginally higher today astrends in GIFT NIFTY indicate a positive start - ARETE Securities Ltd
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.
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