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The markets are expected to open marginally lower today as trends in GIFT Nifty indicate a negative start for the broader index after Nifty closed 369 points higher at 22,967 on Thursday.

UPL:

The company and Aarti Industries entered a joint venture for the manufacturing and marketing of specialty chemicals that find application in multiple downstream industries. The JV Company is expected to commence commercial supplies by Q1 FY 2026–27, with a peak annual revenue potential of Rs. 400–500 crores in the next 2–3 years.

HCLTech:

The company has announced the acquisition of Communications Technology Group assets from Hewlett Packard Enterprise, with the transaction expected to close within 6 to 9 months and a total purchase price of $225 million.

Sun Pharmaceutical Industries:

The company has received approval from Taro shareholders for the proposed merger agreement.

Transformers and Rectifiers:

The company announced securing export orders worth Rs. 161 crore from AL Anwaar, Rs. 179 crore from Adani Group, and Rs. 19 crore from L&T.

Brigade Enterprises:

The company has entered into a joint development agreement for a residential project with an estimated GDV of Rs 720 crore, located on Old Madras Road, Bengaluru.

Godrej Properties:

The company has achieved a booking value exceeding ?2,000 crore with the launch of its project, Godrej Jardinia, in Noida.

KPI Green Energy:

The Board has approved a stock split, adjusting the face value of shares from ?10 to ?5.

Solex Energy (SME):

The company has signed an MOU with GMEE SC Solar and ATW for an expansion of 800 MW capacity, with an investment of ?700M, elevating the existing plant from 700 MW to 1.5 GW by the end of Q2 FY 2024-25.

ITC:

The company has announced that the NCLT has ordered a shareholders’ meeting on June 6, 2024, to deliberate and sanction the demerger plan of the hotel business segment.

GPT Infra:

The company has secured an order valued at ?555 crore.

Adani Enterprises:

The Board is set to meet on May 28 to discuss a proposal concerning the issuance of equity shares or other securities as part of a fund-raising initiative.

Navin Fluorine International:

The company plans to complete the proposed capacity addition within 12 months, with an expected incremental revenue potential of ?200-300 million per annum.

Honasa Consumer:

The company has approved an asset purchase agreement with Cosmogenesis Cosmetics to acquire specific assets and intellectual properties, with the transaction valued at ?40 million.

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