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Market Updates

The Markets are expected to open marginally lower today as trend in GIFT nifty indicate a negative start for the broader index after Nifty closed 82 points higher at 20,937 on Wednesday.

PVR?INOX:

The company opened a 4?screen multiplex at Gwalior; with this, the company now operates the largest multiplex network with 1,709 screens across 358 properties in 113 cities.

Alok Industries:

The company entered into facility agreements with SBI to avail of a Rs 1,750 crore loan to repay existing debt and a Rs 90 crore loan to meet working capital requirements.

Brigade Enterprises:

The company signed a joint development agreement for office space in Bangalore with a development value of Rs 500 crore.

Network18 Media & Investments:

The company will merge its television and digital news businesses with itself. Under the scheme of amalgamation, TV18 Broadcast shareholders will get 100 fully paid?up equity shares of Rs 5 each of Network18 for every 172 equity shares held in the broadcast company.

Bharat Electronics:

The company received orders worth Rs 3,915 crore for the supply of various defence equipment.

Ircon International:

Government to sell an 8% stake via OFS at a floor price of Rs 154 per share, 4% of which includes base size and green shoe of 4%. OFS to non?retail to open on Dec. 7 and for retail on Dec. 8.

Delta Corp:

The High Court of Calcutta has granted interim relief to subsidiary Deltatech Gaming of Rs 6,384 crore for which a GST notice was sent in October

One 97 Communications:

The company expands its credit distribution business to enhance focus on higher?ticket loans for consumers and merchants in partnership with banks and NBFCs.

Adani Ports and Special Economic Zone:

The company will consider a proposal to raise funds through a bond issue in its board meeting on Dec. 12.

Vedanta:

The company's subsidiary Hindustan Zinc Board approved a second interim dividend of Rs 6 per equity share for FY24, amounting to Rs 2,535 crore.

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