KPIT Technologies: The company provided updates on three strategic investments: Caresoft: Acquisition cost finalised at up to $157 million to strengthen vehicle engineering and design capabilities. N-Dream AG: Increasing stake from 26% to 51% for Euro 6.5 million, making it a subsidiary, with plans to raise it to 90% in the current financial year.
Helm.ai: Investing up to $10 million to strengthen its “Software-Defined Vehicles” strategy.
Nibe: The company has received a purchase order worth Rs 10.52 crore from Elbit Systems Land for manufacturing and supplying ship-mounted universal rocket launcher mechanical kits.
Zydus Lifesciences: The company has received final approval from the USFDA for Prucalopride Tablets, 1 mg and 2 mg.
Mahindra & Mahindra: July production stood at 82,862 units (vs 70,540 units in July 2024), total sales at 80,917 units, and exports at 2,774 units.
Authum Investment: The company has invested in 8.34 lakh shares of Star Aerospace, representing 6.63% of its expanded equity share capital. It now holds 14.59% in Star Aerospace. The company has also incorporated a subsidiary, Billion Dream Sports, to operate in the sports industry.
S.J.S. Enterprises: The company announced the resignation of Mahender Singh as Group COO.
Rane Holdings: Rane Steering Systems has repaid its entire Rs 50 crore loan from the company.
Shivam Autotech: The company has approved the allotment of 250 secured NCDs aggregating Rs 25 crore on a private placement basis.
Kiri Industries: The company’s arm has formed Shanghai Claronex Technology as a subsidiary.
Birla Corporation: The company has issued commercial paper of Rs 5 lakh each, aggregating Rs 50 crore.
Cupid: The company is scaling its in-vitro diagnostic test kit business by pursuing CE certification for four products and expanding production capacity from 1 lakh to 4 lakh kits per day by the end of 2026.
Gujarat Alkalies and Chemicals: The company has approved forming a special purpose vehicle with GMDC to implement a 60 MW renewable energy project.
Diamond Power Infrastructure: The company has appointed Narayan Navik as Chief Information Technology Officer.
Puravankara: The company has re-appointed Ravi Puravankara as chairman and whole-time director.
Brigade Enterprises: The company has launched Brigade Cherry Blossom, a strategic JV in Malur (East Bengaluru), with a total development area of 4.51 lakh sq ft and projected revenue potential of over Rs 225 crore.
Shipping Corporation of India: The company has sold its crude oil tanker “M.T. Maharshi Parashuram” at Colombo Anchorage, Sri Lanka.
Prism Johnson: The company has acquired shares worth Rs 49.68 crore in Sentini Cermica.
JSW Energy: The company has commissioned the third and final 80 MW unit of the 240 MW Kutehr Hydro Power project in Himachal Pradesh, with power dispatch now commenced from the full capacity.
JM Financial: JM Financial Credit Solutions, a subsidiary, has entered into an agreement with Bajaj Allianz to sell a 2.1% stake in JM Financial Home Loans for Rs 65.5 crore.
Ex-Dividend: Globus Spirits, Castrol India, Akzo Nobel India, Jio Financial Services, Indo Count Industries, KPI Green Energy, Kalyani Steels, GPT Infraprojects, Rashi Peripherals.
Shares to Exit Anchor Lock-in: APeejay Surrendra Park Hotels - 20%.
F&O Cues
Nifty Aug futures open interest up by 2.94%.
Nifty Options 14th Aug Expiry: Maximum Call open interest at 25000 and Maximum Put open interest at 22,800.
Securities in ban period: PNB Housing and RBL Bank.
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