Power Grid Corporation of India: The state-owned electrical companies firm has efficiently commissioned property beneath North Eastern Region Strengthening Scheme-VI. The firm acquired notification for the business operation on August 16.
Adani Power: Goldman Sachs Trust II-Goldman Sachs GQG Partners International Opportunities Fund has purchased 10.3 crore fairness shares in Adani Group firm and GQG Partners Emerging Markets Equity Fund bought 4.9 crore shares from open market transactions, at a mean worth of Rs 279.15 per share, which is equal to three.94% of whole fairness and amounted to Rs 4,244.76 crore. However, promoters Worldwide Emerging Market Holding Limited bought 4.65 crore shares in Adani Power at a mean worth of Rs 279.16 per share, and Afro Asia Trade and Investments offloaded 26.54 crore shares at a mean worth of Rs 279.18 per share.
JSW Energy: Rajiv Jain-backed GQG Partners Emerging Markets Equity Fund has bought 1.03 crore shares or 0.62% stake in JSW Energy, by way of open market transactions at a mean worth of Rs 341.7 per share. However, promoter JSW Investments bought 2.1 crore shares or 1.28% stake within the firm at similar worth, which amounted to Rs 717.57 crore.
One 97 Communications: Investor Antfin (Netherlands) Holding BV offloaded 6.53 crore fairness shares or 10.3% stake within the cost app Paytm operator, within the off-market transactions. As a consequence, the shareholding of Antfin, an affiliate of China’s Ant Group Co, within the firm lowered to 13.49%, down from 23.79% earlier. Founder and CEO Vijay Shekhar Sharma was the customer within the off-market switch of shares.
Ujjivan Financial Services: NewQuest Asia Investments II has lowered its fairness stake within the monetary companies firm to 2.7% on August 14, from 5.17% earlier. The overseas investor bought its 2.47% stake by way of block offers on August 14.
Essar Shipping: The firm has acquired board approval for disinvestment in abroad direct investments (ODI) and sale of shares of wholly owned subsidiary firms – Energy II Limited, Bermuda; Essar Shipping DMCC, Dubai; and OGD Services Holdings Limited, Mauritius. After completion of mentioned transaction, the mentioned three firms will stop to be the subsidiaries of Essar Shipping.
Cipla: Office of the Joint Commissioner, Food and Drugs Administration (FDA), has issued an order for suspension of FDA license to firm’s manufacturing unit at Patalganga (Unit II) for 10 days in December 2023 for non-conformance of fine manufacturing practices. There is not any materials influence on financials, operations or different actions of the corporate because of the mentioned order.
GI Engineering Solutions: The Board of Directors of the corporate will meet on August 19 to think about fund elevating, by the use of challenge of securities, or convertible devices.
Skipper: The energy T&D construction producer has acquired board approval for the issuance of fairness shares price Rs 200 crore by way of Rights Issue to the eligible fairness shareholders as on the file date.
Shukra Pharmaceuticals: Sujay Jyotindra Mehta has resigned as Executive Director of the corporate, and Rai Kavoorguthu Konark as Independent director resulting from private causes. Their resignation is efficient from August 16.
Kama Holdings: The chemical substances firm mentioned the board of administrators will meet on August 23 for contemplating an interim dividend for the monetary yr 2023-24.
Alpa Laboratories: Shitul Shah has been appointed as an Additional Director (Executive) on the board of administrators of the corporate. The appointment is efficient from August 14.
Silver Touch Technologies: Jigar Shah has resigned as unbiased director from the board of administrators of the corporate with impact from August 16, resulting from private causes.
Nagarjuna Agri Tech: Non-promoter Bhavani Nadimipalli has purchased 7 lakh shares or 7.47% stake within the firm. The off market transaction passed off on August 10.
Religare Enterprises: Burman family-owned MB Finmart, VIC Enterprises, and Puran Associates, the promoters of Dabur India, purchased further 7.56% stake or 2.45 crore fairness shares within the monetary companies firm by way of open market transactions, at a mean worth of Rs 217.95 per share. Foreign portfolio investor Investment Opportunities V Pte Limited was the vendor on this deal.
Religare Enterprises: Burman family-owned MB Finmart, VIC Enterprises, and Puran Associates, the promoters of Dabur India, purchased further 7.56% stake or 2.45 crore fairness shares within the monetary companies firm by way of open market transactions, at a mean worth of Rs 217.95 per share. Foreign portfolio investor Investment Opportunities V Pte Limited was the vendor on this deal.
IIFL Securities: Foreign portfolio investor Fairfax Financial Holdings-owned Hamblin Watsa Investment Counsel Limited A/C Hwic Asia Fund Class A Shares has bought 60 lakh shares or 1.96% stake within the on-line buying and selling platform, at a mean worth of Rs 65.67 per share and one other 1.2 crore fairness shares at a mean worth of Rs 65.45 per share. However, Aalidhra Textool Engineers purchased 32.05 lakh shares in IIFL, Zafar Ahmadullah 40 lakh shares, and Theleme India Master Fund bought 80 lakh shares at a mean worth of Rs 65.45 per share.
