Ratnaveer Precision Engineering: The stainless steel-based merchandise producer goes to record shares on the bourses on September 11. The itemizing date was superior from September 14 as per IPO schedule. The remaining problem worth is about at Rs 98 per share.
Vakrangee: The expertise firm has entered right into a binding time period sheet with personal fairness investor Aaviskaar Capital to amass 48.5% fairness stake in Vortex Engineering. Vortex is without doubt one of the main suppliers of automated teller machines (ATMs), and to date has shipped 10,000+ ATMs throughout India, Africa and South Asia and Software merchandise to enrich ATM {hardware}. This acquisition will assist Vakrangee obtain backward integration.
Adani Enterprises: Adani Global Pte Ltd, Singapore, a step down wholly owned subsidiary of the corporate has signed three way partnership settlement with Kowa Holdings Asia Pte Ltd, Singapore. They signed settlement for the gross sales and advertising of inexperienced ammonia, inexperienced hydrogen and its derivatives produced and equipped by Adani Group, within the agreed territory. Meanwhile, promoters Kempas Trade and Investment, Infinite Trade and Investment, and PACs (individuals appearing in live performance) has purchased extra 2.06% stake within the firm throughout August 21 to September 7. As a end result, shareholderin of promoters rose to 71.93%, from 69.87% earlier.
Adani Ports and Special Economic Zone: Promoters Resurgent Trade and Investment, Emerging Market Investment DMCC, and PACs (individuals appearing in live performance) have acquired extra 2.17% stake within the firm throughout August 14 to September 8. As a end result, promoters’ shareholding within the firm elevated to 65.23%, from 63.06% earlier.
SJVN: Subsidiary SJVN Green Energy has signed energy buy settlement with Bhakra Beas Management Board for 18 MW Solar energy mission. The mission will probably be developed on the land parcels of BBMB in Himachal Pradesh & Punjab. The mission is scheduled to be commissioned by August 2024.
PVR Inox: The multiplex chain has introduced the opening of 4 display screen multiplex at Smart City Mall at Dharwad, Karnataka. With this launch, firm now operates the biggest multiplex community with 1,708 screens throughout 361 properties in 115 cities (India and Sri Lanka).
Schaeffler India: The high-precision parts and programs maker has acquired 100% shareholding of KRSV Innovative Auto Solutions. The closure of acquisition transaction has been accomplished on September 8.
UCO Bank: The public sector lender has raised lending charges by 5 bps throughout tenures. The financial institution has revised the marginal cost of fund-based lending charges with impact from September 10. Other benchmark charges – repo linked fee, base fee and BPLR stay unchanged.
Godrej Properties: Anubhav Gupta has resigned as Chief Executive Officer – Vikhroli and Chief ESG and Sustainability Officer, with impact from September 9, to pursue alternatives exterior Godrej Properties.
IRB Infrastructure Developers: The Mumbai-based freeway developer has reported toll income of Rs 417 crore for August 2023, rising 24% towards Rs 336 crore in identical month final yr. Its wholly owned subsidiaries, which handle Mumbai Pune mission and Ahmedabad Vadodara mission, reported mixture toll income of Rs 198 crore, up 20% throughout the identical interval, whereas the joint ventures entities underneath IRB Infrastructure Trust, Private InvIT clocked toll income of Rs 219 crore in August 2023, up 28% YoY.
Gateway Distriparks: Sandeep Kumar Shaw has resigned as Chief Financial Officer and key managerial personnel of the corporate, resulting from private causes. Shaw resigned with impact from November 28.
Coffee Day Enterprises: IDBI Trusteeship Services has filed utility towards Coffee Day, earlier than the National Company Law Tribunal, Bengaluru, underneath Section 7 of the Insolvency and Bankruptcy Code, for alleged default of Rs 228.45 crore. The firm is searching for acceptable authorized recommendation and can take all acceptable steps to guard its curiosity within the mentioned matter.
Anlon Technology Solutions: The engineering companies supplier mentioned the board members have appointed Emmyunual Setti Balija as a Chief Financial Officer and key managerial personnel of the corporate with impact from September 8. Beena Unnikrishnan resigned from the publish of Chief Financial Officer of the corporate resulting from private causes.
Basilic Fly Studio: The Chennai-headquartered visible results studio will record its shares on the NSE Emerge on September 11. The itemizing date has been preponed from September 13 earlier. The problem worth has been fastened at Rs 97 per share and the inventory will commerce within the trade-for-trade section.
VRL Logistics: SBI Mutual Fund has purchased 19.29 lakh fairness shares, equal to 2.2% of paid-up fairness via open market transactions. These shares had been purchased at a median worth of Rs 681 per share and had been value Rs 131.36 crore. However, promoter Anand Vijay Sankeshwar bought 35 lakh shares or 4% stake at a median worth of Rs 681.08 per share.
Jyoti Structures: Investor Follis Advisory LLP has offloaded 1.1 crore fairness shares within the turnkey options supplier by way of open market transactions, at a median worth of Rs 11.05 per share, and 37.23 lakh shares at a median worth of Rs 10.97 per share. These shares are equal to 2.3% of complete paid-up fairness and had been value Rs 16.25 crore. However, Venkatkrishna Mohan Prabhala was the customer for some shares, buying 35 lakh shares in Jyoti Structures at a median worth of Rs 10.89 per share.
Sportking India: The textile firm has reported hearth incident in building premises at company/registered workplace. The hearth was managed inside time and there have been no human accidents or casualties reported, however a few of firm’s data have been affected resulting from this fireplace incident.
