Stock Radar: Prestige Estate Projects, TVS Motors, Avenue Supermarts, and others in focus

The company launched wagon axles for railway wagons.

Alembic Pharma:

The company has set July 15 as the record date for determining the dividend for FY24.

TVS Motors: 

The company signed an agreement with CSC Grameen e-stores for its commercial vehicle range of three-wheelers. The partnership will enable CSC's village-level entrepreneurs to serve as a touchpoint for TVS Motor’s commercial vehicles.

IREDA:

The company raised Rs 1,500 crore through the issuance of bonds. The bond issuance consisted of a base issue of Rs 500 crore and a green shoe option of Rs 1,000 crore and was oversubscribed 2.65 times.

MAS Financial: 

The company allotted 5,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures of an aggregate face value of Rs 50 crore on a private placement basis.

Craftsman Automation:

The company has approved the allotment of 27,27,272 equity shares to eligible qualified institutional buyers at an issue price of Rs 4,400 per equity share.

GRM Overseas:

The company approved a fund-raise of Rs 136.5 crore through the issuance of share warrants on a preferential basis to 33 investors, including promoters and non-promoter investors. This includes the allotment of up to 91,00,000 share warrants at an issue price of Rs 150, at a premium of Rs 148 per warrant.

Avenue Supermarts: 

The company has opened a new store at Gopalapatnam, Visakhapatnam. With this addition, the total number of stores stands at 370.

Sky Gold:

The company approved the purchase of 100 percent equity shares of Starmangalsutra Private Limited and Sparkling Chains Private Limited held by existing shareholders of the company. This will result in 100 percent acquisition of the paid-up equity share capital of both companies by way of a share swap.

Honeywell Automation India:

The company has received a demand notice from the Department of Registration and Stamps, Government of Maharashtra, for a reduced penalty of Rs 1.67 lakh. The company says that there will be no material impact on the financials or operations and is in the process of evaluating the demand to take appropriate actions.

Bank of Baroda: 

A board meeting is scheduled to be held on July 5 to consider and approve the raising of long-term bonds for financing infrastructure and affordable housing.

Religare Enterprises: 

Religare has received an Order-In-Appeal for the period FY 2007-08 to 2014-15, issued by the Commissioner of Central Tax (Appeal-II), New Delhi, for a penalty of Rs 15.64 crore. The company is in the process of determining further steps.

Pfizer Limited: 

The company has received an order from the Deputy Commissioner, State Tax, Dehradun, for a penalty of Rs 14.19 lakh for the financial year 2017-18, under the Value Added Tax Act, 2005. The company has stated that based on their assessment, they believe that the demand is not maintainable, and they are in the process of preparing an appeal against the order.