03-05-2024 08:54 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start for the broader index - 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 43 points higher at 22,648.2 on Thursday.

Adani Energy:

The company has entered into an agreement with Windson Project for theacquisition of Pointleap Projects, amounting to a transaction value of INR13.15 crore.

UGRO Capital:

The company intends to secure INR 1,323 crore through the issuance ofCCDs and warrants, alongside the strategic acquisition of ‘MyShubhLife’ fora total value of INR 45 crore.

Gujarat Industries Power:

The company has formalized a loan contract valued at INR 2,832 crore withthe national bank, aimed at funding infrastructure and developmentinitiatives.

KEI Industries:

The company has forged a partnership with BRUGG to manufacture ExtraHigh Voltage (EHV) cables capable of handling up to 400 kV.

Birla Corporation:

The company has sanctioned the revision of the second phase expansionplan for the existing grinding cement plant in Uttar Pradesh, with anearmarked investment of INR 425 crore.

TVS Holdings:

The company is set to procure the residual 10.74% stake in Emerald HavenRealty from Sandwood Investments, amounting to a deal value of INR 41.16crore.

Bajaj Finance:

The company has received confirmation from the Reserve Bank of India thatthe previously imposed constraints on its eCOM and online digital Insta EMICard offerings have been removed, effective immediately.

Max Estates:

The company’s subsidiary has inked a deal for a residential developmentproject in Gurugram, boasting a GDV exceeding INR 9,000 crore.

Mazagon Dock Shipbuilders:

The company has secured an international order valued at $42 million forthe construction of three hybrid-powered vessels.

ESTER Industries:

The company has announced a joint venture with LOOP Industries Inc. toconstruct a facility in India for the production of eco-friendly polymers fromrecycled polyesters, aiming for a significantly lower carbon footprint.

Landmark Cars:

The company has expanded into the rapidly developing city of Jaipur,establishing its footprint in the eleventh state.

Happy Forgings:

The company has secured an order valued at INR 350 crore for theprovision of E Axle components for electric SUVs in the US market.

 

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