2023-06-13 06:32:10
STOCKS IN ACTION 13 JUNE
Inox Wind Energy: The company will merge with parent Inox Wind via a share swap. For every 10 shares of Inox Wind Energy, 158 equity shares of Inox Wind will be issued. This consolidation aims to simplify and streamline the group's structure by reducing the number of listed entities. For every 10 share warrants of Inox Wind Energy with an issue price of Rs 847 each, 158 share warrants of Inox Wind
Adani Ports and SEZ: The company has suspended vessel operations in Mundra and Tuna Port in light of an advisory issued by the Indian Metrological Department on the expected cyclone storm ‘Biparjoy’.
Zee Entertainment Enterprises: SEBI has barred the company’s Chief Executive Officer Punit Goenka and Essel Group Chairman Subhash Chandra from holding the position of a director or a key managerial position in a company’s board
PC Jeweller, State Bank of India: PC Jeweller has filed a suit against State Bank of India in district court in New Delhi for declaration and injunction and has requested to declare the action of the lender in classifying the loan account of the company as non-performing assets with effect from June 29, 2021, and April 24, 2019, as illegal, null, void, arbitrary, discriminatory, and against the RB
Tata Motors: The company said $111.94 million in aggregate principle amount of external commercial borrowing bonds of $250 million with 5.75% senior notes for 2024 were validly tendered as of June 9.
JSW Steel: The Directorate of Mines and Geology, Goa, named the company as the preferred bidder and granted a mining lease for iron ore minerals. The company won a grant for Block VI, the Cudnem Cormolem Mineral Block, with 9.77 million metric tonnes of resources and a final offer price of 96.65%. It received a grant for Block IX-Surla-Sonshi Mineral Block with 65.73 million metric tonnes of resou
HDFC Bank: The lender said that 99.7% of votes received were in favour of naming Kaizad Bharucha as a deputy managing director of the bank for a period of three years starting April 19, 2023. As many as 99.8% of votes were received in favour of appointing Bhavesh Zaveri as an executive director of the bank for a period of three years starting April 19, 2023.
Housing Development Finance Corporation: The company inked a share purchase agreement to sell the entire stake held in HDFC Ventures Trustee Company for an aggregate consideration of Rs 7.60 lakh.
Star Health and Allied Insurance Company: Company said 96.21% of member votes were in favour of the appointment of Managing Director Shankar Roy Anand as managing director and chief executive officer of the company. While 99.33% of votes were received in favour of changing the designation of Venkatasamy Jagannathan from chief executive officer and chairman to non-executive director and chairman of
Ramkrishna Forgings: The company incorporated Ramkrishna Titagarh Rail Wheels Ltd. along with Titagarh Rail Systems Ltd. Ramkrishna Titagarh Rail has been incorporated to manufacture and supply forged wheels. Both companies will hold 50% stakes in Ramkrishna Titagarh Rail.
Hero MotoCorp: The automaker launched a vehicle model, Passion+, under its brand Passion. It is available at Hero MotoCorp’s dealerships across the country at an ex-showroom price of Rs 76,301
Tejas Networks: The company deployed its TJ1400 family of carrier-class fibre-to-the-x and packet switching network solutions to deliver high-speed fibre connectivity services to businesses across the country for Tata Tele Business Services.
Greaves Cotton: The company’s e-mobility business Greaves Electric Mobility has entered into an agreement with non-banking finance firm Bike Bazaar Finance to finance vehicles. Under the deal, Bike Bazaar will finance Greaves Electric’s ELE-branded L3 electric vehicles.
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