Stock radar : Kalpataru Projects, Mrs Bectors, Kotak Mahindra Bank in focus

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Here’s a quick look at the stocks that will be in focus on Wednesday due to significant investments and major deals announced by companies after-market hours on Tuesday:

Kalpataru Projects International

The company received an order from the customs authority demanding customs duty along with a penalty on grounds of alleged misclassification of the tariff item code of the goods imported. The order demands payment of customs duty of Rs 84.40 lakhs along with a penalty of Rs 84.40 lakhs and an additional penalty of Rs 7.86 lakhs.

Its board has recommended a final dividend of Rs 8 per equity share for FY 2023-24. The record date is June 28, and the dividend will be paid by August 13.

Prestige Estates

The company's board will meet on June 21 to consider and approve raising funds through qualified institutions placements, preferential issue, rights issue, private placement, or any other form of capital raise.

Ami Organics

The company's board will meet on June 21 to consider and approve the issue price of a QIP of equity shares with a face value of Rs 10.

Birla Cables

The European Commission has proposed a provisional anti-dumping duty of 8.7 percent on the CIF Union border price. If implemented, exports of single-mode optical fiber cables to the European Union will be subject to this duty.

Snowman Logistics

Promoter Gateway Distriparks has purchased 3 lakh equity shares or 0.18 percent of Snowman Logistics through an open market offer. Prior to the additional purchase, the promoter held 45.98 percent of the company.

Kotak Mahindra Bank

Zurich Insurance Company has completed the acquisition of 70 percent of the share capital of Kotak General Insurance Company. Consequently, Kotak General Insurance Company has ceased to be a wholly-owned subsidiary, and Kotak Mahindra Bank now holds a 30 percent stake in Kotak General Insurance Company.

Newteb Technologies

The company launched its Make-in-India range of servers. The single and dual socket server platforms are designed to harness the robust capabilities of the latest 4th Gen AMD EPYC processors.

Rama Paper Mills

The company's manufacturing plant in Uttar Pradesh was temporarily shut down due to an ongoing financial crisis.

Apeejay Surrendra Park Hotels

The company has signed a new hotel under the brand name 'The Park' in the foothills of Nainital, Uttarakhand.

Mrs Bectors

The company will meet on June 24 to consider any and all proposals for raising funds.

Rajoo Engineers

The company will meet on June 24 to consider a proposal for the declaration and recommendation of bonus equity shares.

Tata Technologies

The company has launched the second edition of Tata Technologies InnoVent Hackathon in collaboration with Microsoft and Tata Motors.

Bharat Forge

The company made an additional investment of USD 40 million in Bharat Forge America Inc., a wholly-owned subsidiary of Bharat Forge, to facilitate its capital expenditure for an aluminum forging facility.

Craftsman Automation

The company has approved raising funds by way of issuing equity shares for an aggregate amount not exceeding Rs 1,20,000 lakhs through qualified institutions placement.

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