TODAYS WATCHLIST
Brigade Enterprises and PVP Ventures
The companies signed joint development agreement to develop a 2.5 million square feet, high-rise residential project in Chennai with a revenue potential of about Rs 2,000 crore
Eureka Forbes
Promoter Lunolux plans to divest up to 12% stake in the company for Rs 1,148.7 crore via block deals
Home First Finance
The company received corporate agent license from Insurance Regulatory Development Authority of India for soliciting life, general and health insurance.
Grasim Industries
The company will launch Birla Opus Paints Business and will inaugurate three plants
South Indian Bank
The lender announced Rs 1,151 crore rights issue. It will offer 52 crore shares at Rs 22 per share. The issue opens March 6 and closes on March 20 and the record date is set as Feb 27. The rights ratio set at 1 share for every 4 shares held
SG Mart
The company incorporated a unit in Dubai in the name of SG Mart FZE.
Sula Vineyards
The company announced that Maharashtra government has issued a GR for the continuation of the Wine Industrial Promotion Scheme for a period of eight years.
J. Kumar Infraprojects
Madan Biyani has resigned from the position of Chief Financial Officer
LTIMindtree
The company signed MoU with Eurolife FFH, a leading insurance company in Greece powered by Fairfax Digital Services, to establish first-of-its-kind Gen AI and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai
Devyani International
Yum Restaurants has sold its entire stake in Devyani International, which operates KFC and Pizza Hut, through an open market transaction on Wednesday.
Apollo Micro Systems
The company has received sanction for a term loan of Rs 110 crore from State Bank of India for the implementation of its upcoming project in Hardware Park, Hyderabad.
