IGI Logo

The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 735 points higher at 22,620 on Wednesday.

Adani Power:

The company has secured a 99.8% equity stake in Mirzapur Thermal EnergyU.P. Pvt Ltd (MTEUPL) by being allotted 50 lakh equity shares at ?10 each,making MTEUPL a subsidiary of Adani Power.

KPI Green Energy:

The company announces that its unit, Sun Drops Energia, has received neworders to execute solar power projects totaling 26.15 MW, with completionscheduled for the fiscal year 2024-25.

BHEL:

The company has received an order exceeding ?35 billion from MirzapurThermal Energy for a 2x800 MW thermal power project at Mirzapur Phase I,Uttar Pradesh.

Godrej Properties:

The company has divested a 5% stake in the equity share capital of GGHPLto GFMIAPL, in a deal valued at ?467 million.

Zodiac Clothing:

The company’s unit, Zodiac Clothing Company SA, has acquired a 100%equity stake in Zodiac Clothing Company, England and Wales.

UNO MINDA:

The company has entered into a Technical License Agreement with SuzhouInovance Automotive Co., Ltd., China, to manufacture and sell select highvoltage electric vehicle products, including CCUs, EV inverters, motors, and3-in-1 e-axles, expanding its E-4W product portfolio in the Indian EV market.

Century Textiles & Industries:

The company, through Birla Estates, has formed a joint venture with BarmaltIndia Pvt Ltd to develop a 13.27-acre luxury residential group housing projectin Gurugram, with a projected revenue potential of ?5000 crore.

Race Eco Chain:

The company has approved the issuance of up to 825,000 shares at ?352per share on a preferential basis, along with share warrants convertible intoshares at the same price.

RVNL:

The company has received a Letter of Acceptance from Eastern Railway fora project valued at ?3.91 billion.

Tube Investments of India:

The company has entered into an agreement for the subscription of sharesand compulsorily convertible preference shares in TICMPL, amounting toapproximately ?3.1 billion, and has also signed a securities subscriptionagreement with Luxembourg Specialist Investment Fund FCP-RAIF.

Indian Energy Exchange:

The company has seen a significant 29% YoY increase in total monthly volume,reaching 10,633 MU, with renewable energy certificate volumes soaring by640% YoY, and the green market achieving a robust 74% YoY growth.

Kalpataru Projects International:

The company is considering raising funds on June 10 via the issuance ofNCD on a private placement basis.

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

SEBI Regn. No.: INM000012740