Let's catch up on the latest news from the stock market. From significant investments to major deals, fund raising and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Stocks To Watch
The US-based subsidiary, Indo Count Global Inc., has acquired an 81% stake in Fluvitex USA, Inc. by entering into a Stock Purchase Agreement with Masias Invest, S.L., for $19.63 million. It also has an exclusive option to purchase the remaining 19% stake at a value of $4.6 million within the next five years.
The company has acquired a 100% stake in its step-down subsidiary, TVS Digital, from its subsidiary TVS Motor Company. Following the acquisition, TVS Digital has become a wholly-owned subsidiary of the company.
Sandur Manganese and Iron Ores
The company has received approval from its Board of Directors to raise up to Rs 1,000 crore in one or more tranches via a Qualified Institutions Placement (QIP).
Gulshan Kumar Sakhuja has resigned as Chief Financial Officer (CFO) of the company to pursue professional opportunities outside the organization. His last working day will be September 18.
The board has appointed Govinda Meghani as Chief Financial Officer of the company, effective September 16.
The company has announced a collaboration with Microsoft Azure OpenAI for digital transformation offerings.
The company has received approval from its Board of Directors for the merger of its subsidiary, Cavendish Industries, with itself. The company will issue 92 of its shares for every 100 shares of Cavendish Industries.
The company announced that its board members will consider raising long-term resources from domestic and global markets via equity on September 19.
The company launched its first single malt whisky under the brand DOAAB India Craft Whisky, marking its entry into the luxury segment of the growing whisky market in India.
Bulk Deals
India Shelter Finance Corporation
Foreign companies Nexus Ventures III sold a 4.6% stake in India Shelter at an average price of Rs 753.27 per share, while Nexus Opportunity Fund II offloaded a 1.35% stake at an average price of Rs 752.35 per share. However, ICICI Prudential Life Insurance Company, SBI Life Insurance Company, and Goldman Sachs Funds – Goldman Sachs India Equity Portfolio acquired a 2% stake. Additionally, Patronus Research LLP purchased a 0.57% stake in the company.
Mainboard Listing on September 17
P N Gadgil Jewellers
SME Listing on September 17
Trafiksol ITS Technologies, SPP Polymer
Stocks Trade Ex-Dividend
Container Corporation of India, Dilip Buildcon, Dixon Technologies, NLC India, NMDC, Blue Jet Healthcare, Allcargo Logistics, Andhra Sugars, Anupam Rasayan India, Apollo Pipes, Ashiana Housing, 3B BlackBio Dx, Bal Pharma, Basant Agro Tech, Bharat Bhushan Share & Commodity Brokers, Blue Chip Tex Industries, Carysil, Century Plyboards, De Nora India, Divyashakti, Delton Cables , Dreamfolks Services, Edelweiss Financial Services, Elnet Technologies, Finolex Cables, GOCL Corporation, Garware Hi-Tech Films, Gufic Biosciences, Gujarat Craft Industries, Heidelbergcement India, Hindustan Hardy, IB Infotech Enterprises, Indo Amines, Jaysynth Orgochem, J Kumar Infraprojects, Kingfa Science & Technology, Kirloskar Industries, KNR Constructions, Likhitha Infrastructure, LT Foods, Mangal Credit, Marathon Nextgen Realty, Marksans Pharma, Mastek, Nettlinx, Oricon Enterprises, Paradeep Phosphates, Prakash Pipes, Prakash Industries, Popular Vehicles and Services, Rapid Investments, Riddhi Siddhi Gluco Biols, Rithwik Facility Management Services, Ruchira Papers, Sadhana Nitrochem, Sal Automotive, Samkrg Pistons & Rings, Sandhar Technologies, Narmada Gelatines, Signet Industries, SKM Egg Products, Savita Oil Technologies, Spenta International, Star Paper Mills, Suprajit Engineering, Talbros Automotive Components, Tamilnadu Petroproducts, TPL Plastech, Trishakti Industries, Venus Pipes & Tubes, Veritas (India), Vidhi Specialty Food Ingredients, Wonder Electricals, Windlas Biotech, Southern Gas
Stock Trades Ex-Date for Resolution Plan -Suspension
Asya Infosoft
Stock Trades Ex-Date for Spin Off
Ishwarshakti Holdings & Traders
F&O Ban
Birlasoft, GNFC, LIC Housing Finance, Aarti Industries, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, Granules India, Hindustan Copper, RBL Bank
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