Cupid: The company is looking to expand B2C pie substantially moving forward. It is on a target to reach 1 lakh touch points by the end of 2024. The company is also planning to partner with Blinkit and Zepto for better e-commerce presence. It also plans to launch almond hair oil in four SKUs among other products this month.
Sarda Energy and Minerals: The amalgamation of SKS Power generation with Sarda Energy and Minerals was completed with effect from Sept. 3. The company also added that with effect from Sept. 1, the authorised share capital increased to Rs 2,555 crore.
Route Mobile: The company received an order from the Office of Assistant Commissioner of State Tax Maharashtra for GST demand amounting to Rs 5.34 crore. This includes GST of Rs 3.22 crore along with interest of Rs 1.79 crore and a penalty of Rs 32.3 lakh pertaining to input on IPO/QIP expenses.
GIC: The government will sell up to 6.8% stake via offer for sale between Sept. 4 and Sept. 5. The government will sell a 3.4% stake via a base offer, with an oversubscription offer for 3.4%. The floor price has been set at Rs 395 per share.
Zydus Lifesciences: The company has provided clarification regarding the warning letter received from the US FDA. The letter points out concerns with the injectable manufacturing facility in Jarod, Gujarat. It is currently addressing these concerns and taking necessary corrective and preventive measures as requested by the US FDA.
Torrent Power: The company has entered into a fresh MoU with the Department of Water Resources, Government of Maharashtra, for the establishment of pumped storage projects with a total capacity of 5,600 MW instead of 5,700 MW.
Yatra Online: The company is to acquire Globe Travels for Rs 128 crore.
MOIL: In August, the company achieved its highest-ever production of 1.24 lakh tonnes. For the first five months of the current financial year, it produced 7.24 lakh tonnes, a 7% increase compared to last year. The company sold 5.92 lakh tonnes during this period, which is similar to last year despite tough market conditions and fluctuating international prices. Revenue from operations grew by about 11% from April to August 2024.
AU Small Finance Bank: The bank has submitted an application to the Reserve Bank of India to seek approval for voluntary transition from a small finance bank to a universal bank.
Cipla: M. K. Hamied has resigned from the position of vice chairman and non-executive director of the company with effect from the close of business hours on Oct. 29 due to age and health.
NHPC: The company signed a MoU with the Maharashtra Department of Water Resources. The agreement includes setting up pumped storage projects and renewable energy projects with a total capacity of 7,350 MW at locations including Kengadi (1,550 MW), Savitri (2,250 MW), Kalu (1,150 MW), and Jalond (2,400 MW).
Ashiana Housing: The company announced that by Sept. 1, 168 out of 280 units in Phase 4 of its project in Gurugram had been booked. These units, which cover 282,365 square feet, have a total sale value of Rs 403.5 crore. Phase 4 of the project includes a total saleable area of 495,000 square feet with 3 BHK units and is located in Sector 93, Gurugram, Haryana.
Adani Enterprises: Adani Global Pte. Ltd., Singapore, which is a step-down subsidiary of the company, has set up a new wholly-owned subsidiary in Shanghai, China, to carry out the business of providing supply chain solutions and project management services.
GlaxoSmithKline Pharmaceuticals: The company has received an income tax order from the Income Tax Department for issuing an income tax refund of Rs 222.23 crore.
UPL: The company received a notice that its step-down subsidiary, Advanta Seeds Holdings UK, has acquired a company called Advanta Holdings (Thailand) Limited. Advanta Thailand will be a step-down subsidiary under the Advanta Seed structure, which is part of Advanta Enterprises Limited, India. The company owns an 86.67% stake in Advanta Enterprises Limited.
Texmaco Rail: Texmaco has completed the acquisition of Jindal Rail Infrastructure Limited, strengthening its position in the wagons market and expanding its capabilities and product range. The final cash payment for the acquisition was Rs 614 crores, at a valuation of 8.1 times the financial year 2024 EV/Ebitda.
Mangalore Chemicals & Fertilizers: BSE sent a letter to the company stating that it has returned the merger scheme with some observations from SEBI. The company is evaluating the next steps to be taken in respect of this letter.
VST Industries: BSE and NSE have granted in principle approval for the issuance and proposed allotment of 15 crore equity shares as bonus shares. The bonus shares will be issued in a 10:1 ratio.
GR Infraprojects: The company has signed a share purchase agreement with REC Power Development and Consultancy to acquire “Tumkur-II REZ Power Transmission” at Rs 6.72 crore, making it a wholly-owned subsidiary of the company. Additionally, the company has been selected as the bidder for a new project involving the establishment of a 400/220 kV pooling station and related infrastructure in Tumkur, Karnataka. As part of the project requirements, the company must purchase shares of Tumkur-II REZ Power Transmission.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66d7c863626745c9bd59aca3639f0a64&url=https%3A%2F%2Fwww.ndtvprofit.com%2Fmarkets%2Fstock-market-today-all-you-need-to-know-before-going-into-trade-on-sept-4&c=9197793923403328122&mkt=en-us
Author :
Publish date : 2024-09-03 07:46:00
Copyright for syndicated content belongs to the linked Source.