Stocks/Share Market - Angel One

On June 28, 2024, Intellect Design Arena Limited informed the stock exchanges that the company was named a finalist for the Financial Services Award 2024 Microsoft Partner of the Year Award. The company received recognition among leading global Microsoft partners for its innovative excellence and successful implementation of customer solutions utilising Microsoft technology. The Microsoft …

On June 27, 2024, H.G. Infra Engineering Limited announced via a stock exchange filing that it established two new subsidiary companies, H.G. Nayabera Solar Project Private Limited and H.G. Chanpura Solar Project Private Limited. The acquisition of H.G. Nayabera Solar Project Private Limited and H.G. Chanpura Solar Project Private Limited by H.G. Infra Engineering Limited …

On June 28, 2024, Aether Industries Limited informed in a stock exchange filing that the company had executed a Strategic Supply Agreement (SSA) with Baker Hughes. The agreement, formalised on June 25, 2024, in the USA, spans an initial term of 5 years, with provisions for extension by three additional one-year terms and subsequent yearly …

On June 27, 2024, TVS Motor Company Ltd established a new wholly-owned subsidiary named TVS MOTOR COMPANY DMCC in Dubai, UAE. They received the certificate of incorporation for this subsidiary on the same day. The acquisition of TVSM DMCC does not involve any related party transactions with the promoter, promoter group, or group companies of …

On June 27, 2024, Inox Wind Limited announced via a stock exchange filing the incorporation of a wholly-owned subsidiary named Pokhran Wind Energy Private Limited. Pokhran Wind Energy Private Limited operates within the wind power industry and has been established as a special purpose vehicle (SPV). This aligns with Inox Wind Limited’s primary business activities. …

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalization and revenue.  RIL Crosses Rs.21 Lakh Crore Market Cap Shares of Reliance Industries Limited (RIL), owned by Mukesh Ambani, …

Adani Cementation Limited, a subsidiary of Adani Enterprises announced its merger with Ambuja Cements. This announcement came after both boards approved the merger, which will allow Adani Cementation to become a wholly-owned subsidiary of Ambuja Cements.  Benefits of the merger: The proposed merger scheme will result in the consolidation of the cement capacity within the …

On April 4, 2024, Vedanta Limited announced that the board of directors approved raising to Rs. 2500 Crore from Non-Convertible Debentures on a private placement basis in a press release. The committee had approved raising 2,50,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) of a face value of Rs. 1,00,000 each. The aggregate amount …

Asian Paints International Private Limited (APIPL), a subsidiary based in Singapore, has successfully concluded the acquisition of a 24.3% stake in SCIB Chemicals S.A.E., a leading chemical company in Egypt. Details of the Acquisition APIPL finalized the acquisition on May 26, 2024, purchasing the stake from minority shareholders of SCIB Chemicals for approximately USD 4.13 …

Bharat Heavy Electricals Ltd (BHEL) has secured a Rs.13,300 crore order to establish a 1600 MW thermal power plant in Koderma, Jharkhand. The contract, awarded by Damodar Valley Corporation (DVC), is for the engineering, procurement, and construction (EPC) of the Koderma Thermal Power Station (TPS), consisting of two 800 MW units.  Boost to Energy Security …