Indus Tower: The Vodafone Group will likely divest about 9.94% of its stake in telecom tower operator Indus Towers Ltd. in a share sale on Wednesday-over one or more tranches on the exchanges. The carrier may sell 26.8 crore shares worth Rs 9,138.8 crore, according to the term sheet accessed by NDTV Profit, at Rs 310-341 per share.
Zee Entertainment Enterprises: CFO Rohit Kumar Gupta steps down from the position for personal reasons. The company appointed Mukund Galgali as acting CFO.
Gland Pharma: Fosun to sell a 5% stake in the company through a block deal. Fosun Pharma offers 8.2 million shares in the company, at a floor price set at Rs 1,750 per share.
Craftsman Automation: The board has approved raising up to Rs 1,200 crore through QIP.
Tata Technologies: The company collaborated with Microsoft and Tata Motors for the InnoVent hackathon for engineering students.
NMDC: The company opened a new R&D centre in Hyderabad at an investment of Rs 50 crore.
Wipro: The company clarified that the report of the multi-million-dollar deal from Standard
Chartered is based on rumour and is inaccurate.
Electronics Mart India: The company commenced the commercial operations of a new multi-brand store under the brand name ‘BAJAJ ELECTRONICS’ on June 18 in Andhra Pradesh.
Bharat Forge: The company makes an additional investment of $40 million in Bharat Forge
America.
M&M: enters the top 15 auto makers in the world with $44.2 billion market cap
sun Pharma: to pare 5% stake in Gland Pharma for $172 million
Craftsman Automation: launches ₹1,200 crore QIP at ₹4,400 per share
Power Grid: ends as top Nifty gainer on positive brokerage notes, stock rises 3%
Alkem Lab: rises more than 6% from lows after 1.7% equity changes hands
Market breadth favours advances, advance-decline ratio at 5:4
TAMILNAD MERCANTILE BANK: CO SAYS FINALIZED NAMES OF 3 CANDIDATES, IN ORDER OF PREFERENCE, FOR POSITION OF MANAGING DIRECTOR AND CEO OF BANK
MANGALAM DRUGS AND ORGANICS: CO APPROVED SCHEME OF MERGER BY ABSORPTION OF MANGALAM LABORATORIES, SHRI JB PHARMA WITH MANGALAM DRUGS AND ORGANICS
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS: WABCO ASIA LIKELY TO SELL 5% EQUITY OF ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA IN A BLOCK DEAL FLOOR PRICE AT 14,980 RUPEES/SHARE (A DISCOUNT OF 13.3% TO NSE CLOSING PRICE) OFFER SIZE AT 1,423.1 CR RUPEES (5% OF EXISTING TOTAL EQUITY) || THERE WILL BE A LOCK IN PERIOD OF 120 DAYS ON THE RESIDUAL STAKE SALE – CNBCTV18, CITING SOURCES
DALMIA BHARAT SUGAR AND INDUSTRIES: CO FIXED JULY 3 AS THE RECORD DATE FOR THE PURPOSE OF FINAL DIVIDEND FOR THE YEAR 2023-24
DALMIA BHARAT SUGAR AND INDUSTRIES: CO EXPECTS ANNUAL SALE OF ABOUT 23 CRORES LITRES OF ETHANOL/ENA IN DISTILLERY BUSINESS – ANNUAL REPORT
SONA BLW PRECISION FORGINGS: CO SAYS RECEIVED CERTIFICATION FOR ITS TRACTION MOTOR FOR ELECTRIC 3-WHEELERS UNDER PRODUCTION-LINKED INCENTIVE SCHEME
NGL FINE CHEM: CO RECEIVED CERTIFICATE OF SUITABILITY FROM EUROPEAN DIRECTORATE || CO SAYS CERTIFICATE OF SUITABILITY FOR QUALITY OF MEDICINES & HEALTHCARE FOR ITS PRODUCT TRICLABENDAZOLE
NGL FINE CHEM: CO SAYS CERTIFICATES FACILITATES REGISTRATION, USE OF TRICLABENDAZOLE MADE BY CO BY EUROPEAN CUSTOMERS FOR FINISHED PRODUCT
LANCER CONTAINER LINES: CO RECEIVED SECOND BATCH OF 100 BRAND NEW CONTAINERS FROM SYMCON INDUSTRIES
PDS: CO UNIT ENTERED INTO SHARE PURCHASE AGREEMENT WITH ABHINAV GUPTA BUYER || AGREEMENT FOR PROPOSED SALE OF ENTIRE EQUITY STAKE HELD BY MTGL IN BLUEPRINT DESIGN