Texmaco Rail & Engineering Limited has announced that it has entered into definitive agreements with JRIL, JITF Urban Infrastructure Services Limited, and Siddeshwari Tradex Private Limited, to acquire 100% of Jindal Rail & Infrastructure Limited (JRIL). The acquisition, valued at ₹615 crore in cash, is subject to closing adjustments as outlined in the agreements. JRIL’s …
On July 25, 2024, Mankind Pharma Limited announced that it had signed a definitive agreement to acquire Bharat Serums and Vaccines Limited (BSV) from Advent International for about ₹13,630 crore, pending closing adjustments. Mankind Pharma will acquire a 100% stake in BSV by purchasing 73,086 equity shares. The acquisition does not qualify as a related …
On July 25, 2024, Cupid Limited, a leading contraceptive and personal wellness brand, announced that it has expanded its online presence on major Indian e-commerce platforms like Amazon, Flipkart, and 1mg. This strategic move aims to make Cupid’s high-quality products more accessible to customers nationwide, emphasising the company’s dedication to health and well-being. Now, consumers …
Tech Mahindra announced its Q1FY25 results yesterday, with net profit reaching Rs.851.5 crore, reflecting a significant y-o-y boost of 23% and a sequential rise of 28.8%, this surge was anticipated by analysts due to a low base in Q4FY24. Despite the positive results, Tech Mahindra’s shares dropped by over 4% in early trading today, coming …
Indus Towers Ltd. has announced that its board of directors will meet on July 30 to consider a proposal for the buyback of its fully paid-up equity shares, each valued at Rs 10. This move comes in accordance with the applicable provisions under the Companies Act, 2013, and the Securities and Exchange Board of India …
Adani Energy Solutions, previously known as Adani Transmission, faced a challenging June quarter with substantial financial losses. Despite robust revenue growth, increased expenses and a significant exceptional cost from divesting the Dahanu Thermal Power Plant impacted the company’s profitability. Financial Performance and Revenue Growth Adani Energy Solutions reported a consolidated loss of Rs 823.92 crore …
On Friday, July 26, a significant transaction took place involving Sobha Ltd, where 47.4 lakh equity shares, representing 5% of the company’s equity worth Rs 865 crore, changed hands at Rs 1,825 per share in a block deal. The official buyers and sellers of this substantial transaction have not been disclosed yet. Involvement of Anamudi …
On July 25, 2024, Benchmark indices Nifty and Sensex traded slightly lower after recovering most of their earlier losses, marking the fifth consecutive session of declines. At the close, Nifty was down by 0.03% at 24,406, and Sensex was down by 0.08% at 80,084. Top Gainers and Losers Sector-wise, Nifty Oil and Gas, Nifty Auto, …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. IFCI Ltd IFCI Ltd is currently trading at Rs 84.59, up from its previous close of Rs 83.95, showing a slight increase of 0.76%. The stock hit a high of Rs 91.4 today, …
On Thursday, the market exhibited muted sentiment as benchmark indices concluded the trading day on a negative note. The Sensex dipped by 0.14 percent to 80,039.80, while the Nifty dropped by 0.03 percent to 24,406.10. The broader market also declined, with the Nifty Mid-cap closing down by 0.23 percent and the Nifty Small-cap plunging by …
