Stocks to Watch Today

Approved raising up to Rs 7,500 crore in one or more tranches during the next financial year.

Approved raising Rs 4,000 crore via multiple instruments.

ICICI Prudential AMC and ICICI Prudential Life received RBI’s nod to acquire aggregate holdings of up to 9.95% in the two lenders.

RBI approved ICICI Prudential Asset Management Company to acquire up to a 9.95% stake in the company.

Likely to announce cuts in petrol and diesel prices, as per reports.

Received a Rs 1,728 crore demand from the GST Authority and a penalty of Rs 172 crore for the period July 2017 to March 2022. The company will file an appeal.

Completed the transfer of leasehold rights to a vacant plot in Pune for Rs 135.66 crore.

Scheme of arrangement effective from Jan. 1, 2024, involving the demerger of Tata Coffee’s plantation business and merger of the remaining business with Tata Consumer Products.

Approved providing a corporate guarantee of Rs 45 crore to Capri Global Capital.

Raised stake in unit Finesse International Design to 63.5% from 58.7% for Rs 20 crore.

Will invest Rs 25 crore in Zwayam Digital, a wholly-owned subsidiary.

Approved acquisition of shares of its arm, Ramco Industries, for Rs 16 crore.

Promoter sold 17,234 shares (0.05%) in the open market to achieve a minimum public shareholding of 75%.

Entered into a master agreement for co-lending of loans to microfinance borrowers with Karnataka Bank.

Entered into a strategic, marketing, and technical tie-up with Open Network for Digital Commerce (ONDC).

Signed a collaboration agreement with 5B Maverick Services to accelerate the deployment of utility-grade solar power.

Signed a franchise agreement for an upcoming hotel in Mussoorie, Uttarakhand.

CFO J. Satish resigned, and Nani Aravind Nallamothu appointed for the same position.

Incorporated Advaya Chemicals as a wholly-owned subsidiary.

Incorporated a new subsidiary in Saudi Arabia for its chemical manufacturing business.

Reported a net profit of Rs 60 crore in Q2, up 67.1% YoY. Earned an interest of Rs 167.9 crore in Q2 FY24, up 42% YoY.

Raised interest rates on retail term deposits for various tenors by up to 125 bps.

Uttar Pradesh State Pollution Control Board imposes an environmental damage compensation of ₹6,75,000.

SEBI sent an administrative warning over the non-disclosure of plant closures in April 2022.