Coforge has successfully completed its open offer to acquire an additional 4.69% stake in Cigniti Technologies at Rs 1,415 per share. This increases Coforge’s total shareholding in Cigniti to 32.68%, up from 27.98%. In an exchange filing dated November 20, Coforge said it had acquired 12,80,374 equity shares. Further, 865 more shares are under process […]
Coforge Completes Open Offer for Cigniti, Stake Rises to 32.68% Read More »
Agrochemical company UPL Ltd plans to raise up to Rs 3,378 crore through a rights issue by offering 9.38 crore partly paid equity shares at Rs 360 each. The issue price represents a 34% discount to the closing price of Rs 545.5 on November 19. Eligible shareholders can subscribe to one equity share for every
UPL to Raise Rs 3,378 Crore via Rights Issue at Rs 360 per Share Read More »
Godrej Properties has expanded its footprint in Kolkata by acquiring a 53-acre land parcel in the fast-growing Joka micro-market. The company plans to develop residential plots on this site, targeting an estimated ₹500 crore in revenue, the company announced on November 20, 2024. Project Highlights Statement from Leadership Gaurav Pandey, MD & CEO of Godrej
Godrej Properties Acquires 53-Acre Plot in Kolkata’s Joka, Eyes ₹500 Crore Revenue Read More »
Shares of ITI Ltd would be in the spotlight on November 19 after the company received an order value of ₹95 crore from the Directorate of Geology & Mining, Government of Uttarakhand. The order is circulated for the MDTSS project regarding illegal mining and to increase the state government’s revenue. Project Highlights Revenue Implications The
ITI Shares in Spotlight on ₹95 Crore Contract Win in Uttarakhand Read More »
Shares of Muthoot Finance surged nearly 8% on November 18, driven by robust quarterly performance, a significant milestone of crossing ₹1 lakh crore in Assets Under Management (AUM), and strong growth in gold loans. The demand for gold loans has picked up, partly due to the Reserve Bank of India’s (RBI) tightened regulations on unsecured
Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge Read More »
Shares of Crompton Greaves Consumer Electrical surged 7% after the company reported a strong financial performance for the July-September quarter of FY25. At 1:40 PM, the stock was trading 4% higher at ₹385. On a year-to-date basis, Crompton Greaves shares have gained 23%, outperforming the Nifty 50 index, which has risen by 8% during the
Crompton Greaves Shares Rise 7% on Strong Q2 Earnings Growth Read More »
China has announced a reduction in export tax rebates for select aluminium, copper products, and other items, effective December 1. The rebate cuts, which drop from 13% to 9% for products such as aluminium pipes, plates, sheets, batteries, and photovoltaics, aim to address trade tensions and align with domestic priorities. This decision has pushed aluminium
Nureca Ltd, a home healthcare and wellness company, has entered into a distribution agreement with Zepto, India’s quick-commerce platform known for 10-minute deliveries. Through this partnership, Nureca’s products, including healthcare and wellness devices, will now be available to Zepto’s growing customer base across India. While the partnership does not currently meet SEBI’s materiality thresholds, Nureca
Nureca Partners with Zepto for Distribution, Shares Gain 4% Read More »
Reliance Industries Ltd (RIL), Viacom18, and Disney have officially formed a joint venture (JV) for their entertainment businesses in India. The new entity merges the media and JioCinema segments of Viacom18 with Star India, creating a major player in Indian entertainment. The merger, effective as of November 14, received approvals from the NCLT Mumbai, the
Reliance and Disney Form Joint Venture for Indian Entertainment Market Read More »
Agro Tech Foods, supported by private equity firm Samara Capital, is set to acquire Del Monte Foods Pvt Ltd—a joint venture between Bharti Enterprises and Del Monte Pacific—in a transaction valuing the company at over Rs 1,300 crore. This acquisition will be structured as a preferential share allotment, enabling Agro Tech to issue 1.33 crore
Agro Tech Foods to Acquire Del Monte Foods in Rs 1,300 Crore Deal Read More »
