STOCKS IN ACTION 18 APRIL
One 97 Communications: Paytm has refuted reports on the deferral of the license application of Paytm Payment Services. The company has not received any communication suggesting a deferral or penalties with regard to Paytm Payment Services license application.
Vodafone Idea: The company successfully closed the anchor book allocation of 490 crore equity shares at Rs 11 per share for its upcoming public offer. Anchor investors have bought 491 crore shares at Rs 11 each. GQG has invested Rs 1,348 crore, Fidelity Rs 774 crore, and Redwheel Funds has put in Rs 281 crore.
Infosys: The company announced a successful collaboration with Proximus, Belgium's leading digital services and communications solutions provider to standardize its existing processes on the ServiceNow platform and transform its customer service management operations.
Zee Entertainment Enterprises: The company announced its decision to withdraw the merger implementation application filed before the National Company Law Tribunal. This will enable the company to continue to aggressively pursue all its claims against Sony in the ongoing arbitration proceedings at the Singapore International Arbitration Centre and in other forums. NSE has excluded the company from the derivatives segment.
Ambuja Cements: The Adani family infused an additional Rs 8,339 crore, taking total infusion to Rs 20,000 crore under the warrants program; increasing stake to 70.3% from 63.2%.
Power Grid: The company has approved raising funds up to Rs 12,000 crore via bonds in FY25.
IIFL Finance: The company approved a right issue of an amount not exceeding Rs 1,500 crore at an offer price of Rs 300 per share. Rights issue to open on April 30, close on May 14.
Adani Enterprises: The company's step-down unit incorporated a Joint Venture King Power Ospree in Singapore.
Power Grid Corporation of India: The company was declared a successful bidder for the interstate transmission system.
Sunteck Realty: The company reported a 20% annual growth in its sale bookings to Rs 1,915 crore in the FY24 on strong housing demand. The collections stood at 296 crores, down 10% YoY/32% QOQ in Q4 FY24, while Rs 1,236 down 1.12% for the financial year 2024. The company has 7 large projects in the Mumbai Metropolitan Region with a Gross Development Value of approximately Rs 30,000 crore.
PC Jeweller: The company is to raise Rs 1,500 crore through rights issue, while Rs 500 crore will be raised through fully convertible warrants.
Kirloskar Ferrous Industries: The has restarted operations of the Hiriyur mini blast furnace.
Brigade Enterprises: The company achieved highest ever the pre-sales of Rs 6,013 crore in FY 24 and Rs 2,243 crore in Q4 and collections stood at Rs 5,915 crore up 9% YoY.
Biocon: The drugmaker signed an exclusive licensing and supply agreement for generic Ozempic (Semaglutide) commercialization in Brazil with Biomm S.A.
Happiest Minds Technologies: The company announced the new GenAl chatbot - 'hAPPI' developed for a unit for Happiest Health. The chatbot represents a significant advancement in providing personalized and informative interactions for users in the healthcare domain.
Shilpa Medicare: The company's Telangana unit was inspected by AGES, Austria from Jan 22 to Jan 26 and received GMP Certification from Ages, Austria.
Andhra Paper: The company's manufacturing operations are temporarily shut at the Kadiyam unit due non-availability of pulp from the manufacturing unit at Rajahmundry where an illegal strike has been ongoing since April 2.
Krishna Institute of Medical Sciences: The company's arm received a demand notice worth Rs
307 crore from the Income Tax department for AY23.
TARC: The company achieved its highest-ever FY 24 presales of Rs 1,612 crore up 200% YoY and
Q4 pre-sales stood at Rs 1,281 crore 600% up company achieved its highest annual collection to date Rs 415 crore.
Wardwizard Innovations And Mobility: The company dispatched over 3,800 units up 1.5% YoY/ 88% MoM in the month of March.
