Stocks/Share Market - Angel One

Aurobindo Pharma Limited announced on September 18, 2024, that it has entered into a definitive agreement to acquire the remaining 49% equity stake in GLS Pharma Limited (GLS), its subsidiary. The purchase consideration for the 5,90,361 equity shares is ₹22.5 crore, valuing each share at ₹381.12. With this acquisition, GLS will become a wholly-owned subsidiary …

Godrej Capital, the financial services arm of the Godrej Group, is poised to enter the affordable housing loan market as part of its ambitious growth strategy. The company aims to increase its assets under management (AUM) to ₹17,000 crore by the end of 2024, driven by a strategic focus on small and medium enterprises (SMEs), …

Heritage Foods Limited, a leading dairy products manufacturer based in Hyderabad, announced plans on Wednesday to establish a state-of-the-art ice cream manufacturing facility in Shamirpet, Telangana. The new facility, estimated to require a capital investment of ₹204 crore, aims to address the rising demand for ice cream in the region and enhance production capacity. The …

The Indian Renewable Energy Development Agency (IREDA) announced on Wednesday that it has secured government approval for an alternative mechanism to raise funds. The Department of Investment and Public Asset Management (DIPAM), acting upon the recommendation of a high-level committee, has authorised IREDA to dilute up to 7% of the government’s shareholding through a Qualified …

On September 18, 2024, Nazara Technologies Limited, a leading Indian gaming and sports media company, announced a significant milestone with its largest-ever fundraise. The company has secured ₹900 crores through a preferential equity issue, subject to shareholder and regulatory approvals. This substantial capital injection will fuel strategic acquisitions, expand business operations, and position Nazara to …

Introduction to WealthForce.AI  IntellectAI, the AI-focused business unit of Intellect Design Arena, has launched WealthForce.AI, a cutting-edge wealth management platform tailored for the Middle East market. Built on the eMACH.ai framework, WealthForce.AI empowers Relationship Managers (RMs) with AI-driven capabilities to deliver hyper-personalised and hyper-automated customer experiences. Key Features of WealthForce.AI  WealthForce.AI leverages eMACH.ai’s standards, including …

Jewellery stocks have been shining brightly on Dalal Street, adding a touch of brilliance to investors’ portfolios. A surge in demand and positive market sentiment has led these stocks to exceed expectations and significantly boost investors’ wealth. Top companies in the sector have enjoyed substantial gains, driven by rising gold prices and increased festive season …

Satin Creditcare Network Limited is committed to helping women in rural and semi-urban areas achieve financial independence by offering them microfinance services. The organization’s goal is to reduce poverty and advance financial inclusion by giving people who have historically been underserved by the formal banking industry access to credit. Satin Creditcare has established itself as …

EaseMyTrip has emerged as a prominent e-travel company in India, providing a plethora of services to meet the varied demands of passengers. Customers may quickly search for and reserve the travel services they want with just a few clicks, thanks to an intuitive mobile app and website. Over the years, the company has amassed a …

Introduction: A Major Leap Towards Renewable Energy INOXGFL Group’s privately held IPP platform, IGREL Renewables, has secured Rs 300 crore equity capital from prominent investors. This capital infusion aligns with IGREL’s vision to become a leading pure play commercial and industrial (C&I) renewable power generation platform in India. Expansion Plans: Aiming for 2 GW by …