29-04-2024 09:00 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader index - 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 150 points lower at 22,419.95 on Friday.

Small Finance Banks:

The RBI has called for applications from eligible small finance banks totransition into regular or universal banks, with prerequisites including aminimum net worth of Rs 1,000 crore.

Cipla:

The company’s division, Cipla Health, has completed the acquisition of thecosmetics and personal care business units from Ivia Beaute.

Apollo Hospitals Enterprise:

The company’s subsidiary, Apollo HealthCo, is set to raise Rs 2,475 crorefrom Advent International and will undertake the integration of Keimedwithin the next 24–30 months

CESC:

The company has completed the acquisition of a 100% stake in Bhadla 3SKP Green Ventures from SKP Green Ventures, with the transaction valuedat Rs 3.84 crore. Bhadla 3 SKP Green Ventures is engaged in thedevelopment of a 300 MW renewable solar park located in Rajasthan.

Macrotech Developers:

The company’s resolution plan for V Hotels, approved by NCLT, involves apayment of Rs 900 crore over 270 days. The initial tranche of Rs 90 crorehas been remitted.

AMI Organics:

The company has sanctioned a capital raise of Rs 99 crore through thepreferential allotment of shares.

Adani Enterprises:

The company’s Mauritius-based subsidiary has finalized the acquisition of a49% stake in Adani Esyasoft Smart Solutions, based in Abu Dhabi, for a totalof $24,500.

HCL Technologies:

The company’s division, HCL Software, has been chosen by the State Bankof India to provide their Mar Tech solution, contributing to SBI’s digitaltransformation initiative

Hinduja Global Solutions:

The company’s subsidiary has acquired a 51% stake in Seven Star BalajiBroadband, which is now a step-down subsidiary of the company.

Lloyds Enterprises:

The company has acquired a 26% stake in Adithya Power.

Patanjali Foods:

The company has been presented with a proposal to acquire a non-foodbusiness segment from Patanjali Ayurved.

 

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