Buzzing Stocks : Infosys, Zaggle Prepaid, Bharat Electronics, Force Motors, Jindal Steel, Zensar Tech, Active Infrastructures, HCLTech in focus on 28 March.
Punjab & Sind Bank : The bank closed its Qualified Institutions Placement on March 27 and raised Rs 1,219.39 crore by allotting 31.77 crore equity shares to eligible qualified institutional buyers at a price of Rs 38.37 per share.
UCO Bank : The bank closed its Qualified Institutions Placement on March 27 and raised Rs 2,000 crore by allotting 58.36 crore equity shares to eligible qualified institutional buyers at the issue price of Rs 34.27 per share.
Zaggle Prepaid Ocean Services : The Board has approved the acquisition of a 45.33% stake in Effiasoft from existing shareholders Koushik Shee and Akula Krishna Rao for Rs 36.72 crore. The Board also considered the proposal for the acquisition of an additional 5.67% stake in Effiasoft from Koushik Shee and Akula Krishna Rao for Rs 4.59 crore.
Sandhar Technologies : The company has executed a Share Purchase Agreement with South Korea-based Jinyoung Electro-Mechanics Co. for the sale of its entire stake in the joint venture, Jinyoung Sandhar Mechatronics (JSM). The decision to exit the joint venture aligns with the company’s strategic objective of streamlining its business operations and concentrating on its core competencies.
Adani Green Energy : The company, through its various wholly owned stepdown subsidiaries, has operationalized 396.7 MW power projects at Khavda, Gujarat. With the commissioning of this plant, its total operational renewable generation capacity has increased to 13,487.8 MW.
Piramal Enterprises : The Board approved the issuance of non-convertible debentures up to Rs 100 crore (base issue size), along with a green shoe option to retain oversubscription of up to Rs 200 crore, aggregating the total issue size to Rs 300 crore, on a private placement basis.
Bharat Electronics : The company has secured additional orders worth Rs 1,385 crore since March 12. With these, it has now accumulated orders totaling Rs 18,415 crore in the current financial year.
UltraTech Cement : The cement major has commissioned a brownfield clinker capacity of 3.35 mtpa at its unit in Maihar, Madhya Pradesh. The second grinding mill is expected to be commissioned in Q1FY26. Further, it commissioned a brownfield expansion of the grinding unit at Dhule, Maharashtra, with a capacity of 1.2 mtpa, and a grinding unit of 0.60 mtpa at Durgapur, West Bengal. The company has set up a new bulk terminal in Lucknow with a capacity of handling 1.8 mtpa of cement. With this, the company’s total domestic grey cement manufacturing capacity stands at 183.36 mtpa. Along with its overseas capacity of 5.4 mtpa, the company’s global capacity stands at 188.76 mtpa.
Raymond : The National Company Law Tribunal, Mumbai (NCLT), has approved the Scheme of Arrangement between Raymond and Raymond Realty and their respective shareholders.
SBI Life Insurance Company : The company has received an order from the Income Tax Department demanding a tax penalty of Rs 59.31 crore for the Assessment Year 2019-20.
Jio Financial Services : The company has subscribed to 8.5 crore equity shares of Jio Payments Bank for Rs 85 crore. This investment is made to fund the business operations of Jio Payments Bank. Post this investment, the company’s holding in Jio Payments Bank will increase from 82.17% to 85.04%. Additionally, the company has acquired 1.73 crore equity shares of its subsidiary Jio Finance for Rs 1,000.24 crore. Jio Finance will utilize the proceeds to fund its business operations.
CESC : The Uttar Pradesh Electricity Regulatory Commission has approved the Power Purchase Agreement between Dhariwal Infrastructure and Noida Power Company, subsidiaries of CESC, for the supply of power with a contracted capacity of 25 Megawatt for three years, effective April 1.
DCM Shriram : The company has commissioned a 12 TDP integrated compressed biogas plant at its Ajbapur unit, with an investment of Rs 131.30 crore.
Aditya Birla Fashion and Retail : The National Company Law Tribunal (NCLT) has approved the Scheme of Arrangement among Aditya Birla Fashion and Retail, Aditya Birla Lifestyle Brands, and their respective shareholders and creditors.
Power Finance Corporation : Kumool III PS RE Transmission, a wholly owned subsidiary of PFC Consulting, has been transferred to Power Grid Corporation of India, the successful bidder. Kurnool III PS RE Transmission, established for the development of a transmission system strengthening at Kumool-III PS for the integration of additional renewable energy generation projects, will now be managed by Power Grid Corporation of India. PFC Consulting is a subsidiary of Power Finance Corporation.
Force Motors : The company has signed a contract for an order of 2,978 vehicles from the Indian Defence Forces.
Hindustan Aeronautics : The company has signed an amendment to the LCA Mk1 FOC contract dated December 23, 2010. The value of the contract has been revised upward from Rs 5,989.39 crore to Rs 6,542.20 crore due to a revision in the delivery schedule.
Jindal Steel & Power : The steel company has been declared the successful bidder for the Saradhapur Jalatap East coal block. It has signed the agreement for the Saradhapur Jalatap East coal block. This is a partially explored block with estimated geological resources of 3,257 million tonnes.
Hilton Metal Forging : The Board has approved the issuance of up to 90 lakh equity shares via Qualified Institutional Placement (QIP) in one or more tranches on a private placement basis.
Servotech Renewable Power System : The company has been granted a patent by the Indian Patent Office for its proprietary innovation - System and Method for Peak Shaving. The patent is effective for a period of 20 years from its original filing date.
Khaitan Chemicals and Fertilizers : The Board has approved the re-appointment of Shailesh Khaitan as Chairman & Managing Director of the company for three years, effective April 1. The Board also approved the appointment of Praveen Uniyal as a Whole Time Director of the company for three years, effective January 16, 2025.
Uflex : The company's step-down subsidiary, Flex America, S.A. de C.V., Mexico, has commenced the commercial operation of its new cast polypropylene (CPP) films production line in Mexico, with an installed capacity of 18,000 MTPA.
HCL Technologies : The global technology company has been selected as a Design Solution Partner (DSP) under the Samsung Advanced Foundry Ecosystem (SAFE) program. This strategic partnership between HCLTech and Samsung is set to accelerate semiconductor innovation and development.
Zensar Technologies : Zensar has been selected by Tesco Insurance and Money Services (Tesco IMS), a leading UK insurance company, to drive a comprehensive modernization and digital transformation agenda. This collaboration will enable Tesco IMS to establish a robust cloud-first ecosystem, scalable operations, and create better value and experiences for its customers.
Infosys : The digital services and consulting company announced its collaboration with LKQ Europe, the distributor of automotive aftermarket parts in the region. The company has helped LKQ Europe adopt a unified, cloud-based digital platform to streamline its HR processes across 18 countries.
Asian Paints : Asian Paints, a wholly owned subsidiary of the company, will set up a manufacturing facility for Vinyl Acetate Ethylene Emulsion (VAE) & Vinyl Acetate Monomer (VAM), along with an Ethylene storage and handling facility in Dahej, Gujarat. The total cost of setting up these facilities is expected to be Rs 2,560 crore. Additionally, the Board approved an additional capex cost of Rs 690 crore due to pre-operative expenses and certain escalations in project costs.
BEML : Motilal Oswal Mutual Fund has bought 2.67 lakh shares in BEML at an average price of Rs 3,048.3 per share.
Cyient DLM : Motilal Oswal Mutual Fund has acquired 5.3 lakh shares in Cyient DLM at an average price of Rs 436.09 per share.
Ideaforge Technology : Motilal Oswal Mutual Fund sold 3.1 lakh shares in Ideaforge Technology at an average price of Rs 344.39 per share.
Fonebox Retail : Accor Opportunities Growth Family Private Trust sold 69,000 shares in Fonebox Retail at an average price of Rs 90.4 per share.
JB Chemicals & Pharmaceuticals : Promoter entity Tau Investment Holdings Pte sold a 5.77% stake in JB Chemicals for Rs 1,459.8 crore. However, Kotak Mahindra Mutual Fund acquired a 0.79% stake in JB Chemicals at an average price of Rs 1,625 per share.
Kabra Extrus Technik : GP Emerging Markets Strategies LP and University of Notre Dame Du Lac sold 4.53 lakh shares in the company at an average price of Rs 291.6 per share.
Max Financial Services : Promoter Max Ventures Investment Holdings sold a 1.59% stake in Max Financial at an average price of Rs 1,112 per share to Kotak Mahindra Life Insurance Company, Oxbow Master Fund, Morgan Stanley Asia Singapore Pte, ICICI Prudential Mutual Fund, Copthall Mauritius Investment, Societe Generale, DSP Mutual Fund, and Citigroup Global Markets Singapore Pte.
United Breweries : Integrated Core Strategies Asia Pte bought 1.41 lakh shares in UBL at an average price of Rs 1,931.15 per share from Copthall Mauritius Investment.
UNO Minda : Integrated Core Strategies Asia Pte acquired 2.45 lakh shares in UNO Minda at an average price of Rs 934.45 per share from Copthall Mauritius Investment.
