Key stock updates
01/01/2024

1. Grasim Industries:

Commissioned an additional 1.23 lakh tonnes of annual advanced materials capacity at the Bharuch plant in Gujarat. The total capacity of advanced materials is 2,46,000 tonnes per annum. The expansion will facilitate the growth of the specialty chemical business.

2. Dr. Reddy’s Laboratories:

The company’s global arm acquired 6.46% of Israel-based biotechnology company Edity Therapeutics for $1.97 per share to further develop its technology platform.

3. ACC:

The company successfully commissioned a cement manufacturing unit with a capacity of 1.0 МТРА at Ametha, Madhya Pradesh.

4. Torrent Power

Incorporated a wholly owned subsidiary for generating electricity from renewable sources in Gujarat.

5. Hikal

The Gujarat Pollution Control Board imposed a fine worth Rs 17.45 crore for alleged violations of environmental laws.

6. SKF India

The company has successfully acquired 26.74% of Sun Strength Renewables for Rs 2.31 crore.

7. Edelweiss Financial Services

The company’s unit Zuno General Insurance received a GST demand worth Rs 32.39 crore and penal interest of Rs 3.23 crore.

8. Aditya Birla Capital

The timeline for the completion of the sale of a 50% stake in Aditya Birla Insurance Brokers has been extended till March 31, 2024, subject to receipt of the approval of the Insurance Regulatory and Development Authority of India.

9. Nazara Technologies

The company’s arm signed agreements for subscribing to a convertible note of Freaks 4U Gaming GmbH at a consideration of Rs 33.26 crore to be paid in cash.

10. Oil India

Appointed Anfor Ali Haque as resident chief executive effective Jan. 1st 2024.

Insider trades

VIP Industries: Promoter Kiddy Plast bought 4,150 shares on Dec. 28. The promoter group DGP Enterprises bought 4,400 shares on Dec. 28. Promoter Dilip G. Piramal bought 7,100 shares on Dec. 28.

Paisalo Digital: Promoter group Equilibrated Venture CFLOW bought 9.72 lakh shares on Dec. 29.

Nahar Spinning Mills: Promoter group Nahar Capital and Financial Services bought 22,000 shares between Dec. 27 and Dec. 28.

Wardwizard Innovations and Mobility: Promoter group Wardwizard Solutions India sold 26 lakh shares on Dec. 27.

Shalimar Paints: Promoter group Sarita Devi Jain sold 20,000 shares on Dec. 29.

Ultramarine and Pigments: S Narayan sold 4,000 shares and Promoter Deepa Ajay sold 7,000 shares on Dec. 28.

Cigniti Technologies: Promoter C.V. Subramanyam sold 13,815 shares on Dec. 26.

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