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Market Updates

The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNifty closed 216 points higher at 24,131 on Friday.

Adani Enterprises:

The company’s wholly owned subsidiary, Adani Airport Holdings, acquired a99% stake in Aviserve and Aviground for Rs.99 lakh each, making them stepdown subsidiaries.

Ashoka Buildcon:

The company signed an agreement with Bangalore International AirportLimited for a Rs.1,055 crore project to construct Elevated Western CrossfieldTaxiways.

Aster DM Healthcare:

The company and Quality Care India signed definitive agreements to merge,forming Aster DM Quality Care with 38 hospitals, 10,150+ beds, anddiversified operations.

Coal India:

The company approved a revision in the add-on price of coal for RajmahalArea to Rs.700 per tonne, expected to generate Rs.300 crore in incrementalannual revenue for Eastern Coalfields.

Credit Access Grameen:

The company raised €25 million from DEG and Rs.170 crore from Citi via a cofinancing facility to strengthen its funding profile.

GAIL:

The company signed a long-term charter contract with “K” LINE for a newLNG ship, expected to start operations in 2027.

ITC:

The company acquired 100% of Greenacre Holdings Limited for Rs.42.10crore, making GHL a direct wholly owned subsidiary.

KEI Industries:

The company allotted 52.63 lakh equity shares to 104 qualified institutionalbuyers at Rs.3,800 per share, raising Rs.2,000 crore in a QIP.

NCC:

The company received a LoA from Ken-Betwa Link Project Authority for theEPC execution of Daudhan Dam under the Ken-Betwa Link Project, valued at Rs.3,389.49 crore, to be completed in 72 months.

Nazara Technologies:

The company’s subsidiary, NODWIN Gaming, acquired 100% of TrinityGaming for Rs.24 crore, combining cash and stock swap, to strengthen itsposition in the Indian gaming ecosystem.

Newgen Software Technologies:

The company received a Rs.32.45 crore purchase order from RBI forimplementing and maintaining the Regulatory Application ManagementSystem (RAMS) for 7 years.

Power Mech Projects:

The company secured a Rs.510 crore order from Adani Power for mechanicalconstruction works at the Raipur Phase-II Ultra Supercritical Thermal PowerProject.

Time Technoplast:

The company’s shareholders approved the special resolution for raising upto Rs.1,000 crore via QIP with 99.70% votes in favor.

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