30-09-2024 08:53 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start - ARETE Securities Ltd

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The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start for the broader index afterNifty closed 37 points lower at 26,178 on Friday.

Authum Investment and Infrastructure:

The company is acquiring a 42.31% stake in Prataap Snacks for Rs.846.60crore and plans to launch an open offer for 62.98 lakh shares at Rs.864 each,aiming to diversify its portfolio.

BEL:

The company has received government approval for the incorporation of aJV with Israel Aerospace Industries to provide support for the MediumRange Surface to Air Missile system in India.

Bondada Engineering:

The company has received a work order from KPI Green Energy Limited fora solar power project valued at Rs.467.99 crore, to be completed within 12months.

Genesys International Corporation:

The company has secured two projects valued at Rs.35 crores from NEOM Ltdand the Saudi Geological Survey Authority, focusing on geospatialtechnology for infrastructure development in Saudi Arabia.

Kitex Garments:

The company’s Board has approved the acquisition of Kitex Childrenswear'sbusiness and will take immediate steps to complete the acquisition, subjectto regulatory requirements.

LTIMindtree:

The company has incorporated a wholly owned subsidiary namedLTIMindtree Consulting Brazil Ltda. in Brazil with an equity share capital ofR$3.9 million to provide IT consulting and digital solutions.

Pidilite Industries:

The company’s unit, Pidilite Ventures, has invested Rs.50 million in Wify, aleading platform for home improvement and maintenance.

RailTel:

The company won an order worth Rs.134.47 crore from Adani Connex for asmart metering project.

RITES:

The company has received a Letter of Award from Adani Ports & SEZ forRailway Operation & Maintenance Services at Dhamra Port, valued atapproximately ?100 Crore, to be executed over five years.

SJVN:

The company has signed two MoUs with the Government of Maharashtra forthe development of Pumped Storage Projects totaling 8,100 MW and a 505MW Floating Solar Project, with an estimated investment of Rs.48,000 crores.

TARC:

The company’s Board has approved the payment of Rs.1,000 Crore towardsthe redemption of NCDs in one or more tranches.

Websol Energy Systems:

The company has allotted 12.10 lakh convertible warrants at Rs.530 each toWebsol Green Projects, with no change in paid-up equity share capitalfollowing necessary approvals and upfront payment.

 

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