Stocks/Share Market - Angel One

Man Infraconstruction Limited (MICL), a prominent Mumbai real estate developer, announced a significant acquisition. MICL has secured a prime redevelopment project within Bandra Kurla Complex (BKC), marking a strategic move into the high-end redevelopment segment in this coveted location. Redeveloping a Landmark Address This prestigious project signifies the redevelopment of Artek Co-operative Housing Society Limited …

On June 10, 2024, Havells India Ltd announced in an exchange filing its entry into the kitchen appliances market through a strategic partnership with Jumbo Group in the UAE. Jumbo Group is a leading distributor of consumer electronics and technology products in the UAE. The company stated this partnership is set to enhance its product …

Punjab National Bank plans to open a representative office in Dubai to extend its global reach. According to the Managing Director of PNB, Atul Kumar Goel, the board of directors has approved this initiative, and the bank is currently in the process of obtaining regulatory clearance. He stated that if all regulatory approvals are in …

Wardwizard Innovations & Mobility Limited (WIML), a leading Indian electric vehicle (EV) manufacturer known for its “Joy e-bike” and “Joy e-rik” brands, has secured a monumental order valued at USD 1.29 billion. This significant deal comes from Beulah International Development Corporation, a prominent full-service business integrator and EPC firm in the Philippines backed by RP …

About the acquisition Pavna Industries Limited, a leading name in India’s automotive parts manufacturing scene, has announced a strategic land acquisition in Pantnagar, Uttarakhand. This move paves the way for a new greenfield plant focused on die-cast component production. The acquisition highlights Pavna’s commitment to growth and its focus on strategically leveraging opportunities within the …

On June 10, 2024, JSW Energy Limited marked a significant advancement in transforming into a comprehensive “Energy Products and Services” company. This move highlights the company’s unwavering commitment to spearheading sustainable energy solutions and contributing to a greener future for India. JSW Energy is at the forefront of developing India’s largest commercial-scale green hydrogen project …

Borosil Renewables, India’s leading solar glass manufacturer, has announced its decision to raise Rs.450 crore through a rights issue. This move is aimed at strengthening the company’s financial standing and supporting its growth initiatives in the renewable energy sector. Details of the Rights Issue The rights issue has been approved by the company’s board, which …

On June 7, 2024, Sun Drops Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy Limited, gave Dr. Faruk G. Patel 10,66,098 shares. This will make up 16.62% of Sun Drops’ total shares. However, this decision must be approved by Sun Drops’ members and some other authorities before it happens. After the private placement, …

Inox Wind Limited announced the creation of four new wholly-owned subsidiaries: Junachay Wind Energy Private Limited, Dharvi Kalan Wind Energy Private Limited, Dangri Wind Energy Private Limited, and Kadodiya Wind Energy Private Limited. Each entity has an authorised and paid-up capital of ₹1,00,000. None of these subsidiaries has commenced business operations, and thus, their turnover …

On June 9, 2024, Suprajit Group announced that it is set to acquire Stahlschmidt Cable Systems (SCS), a German company, out of insolvency proceedings. This acquisition aims to bolster Suprajit’s presence in the European market and expand its product offerings in the automotive and industrial cable systems sector. Suprajit’s acquisition of SCS includes purchasing assets …