IGI Logo

The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start for the broader index afterNifty closed 9 points lower at 22,453.30 on Tuesday.

Bharti Airtel:

The company has approved to allot 1.38 crore equity shares to theforeign currency convertible bondholders, at a conversion price set at Rs518 per share.

JSW Energy:

The board has given its nod for raising funds up to Rs 5,000 crorethrough a QIP at a base price of Rs 510.09 per share.

Anupam Rasayan:

The firm has executed a letter of intent valued at close to Rs 743 crorewith a Japanese multinational, agreeing to supply two advancedintermediates employing fluorination chemistry, commencing in FY25.

Jammu and Kashmir Bank:

The company has formalized an arrangement with New India Assuranceto handle and promote their insurance offerings via the company’sbranch network.

Shriram Properties:

The firm incurred a penalty notice amounting to Rs 447 crore for AY19issued by the Chennai taxation office.

Quick Heal Technologies:

The business division, Seqrite, has forged a strategic alliance with M.Tech Solutions to enhance its footprint in India and strengthen its stancein the crucial enterprise and government sectors.

Olectra Greentech:

The corporation has prolonged its collaborative accord with BYD AutoIndustry to produce and service electric buses, extending the term toDecember 31, 2030.

Chalet Hotels:

The firm approved the issuance price at Rs 792 per share for theallotment of 1.26 crore shares to QIBs.

Droneacharya Aerial:

The enterprise has been awarded an order valued at Rs 4.67 crore fordrone and geographic information system data processing from the UK.

GE T&D INDIA:

The parent company, GEC, has declared its planned division into GEAerospace and GE Vernova, with the energy division transitioning to GEVernova effective today.

UltraTech Cement:

The company commits Rs 32,400 crore to capex over the next threeyears and has initiated units in Chhattisgarh and Tamil Nadu, surpassing150 MTPA in capacity.

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

SEBI Regn. No.: INM000012740