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IMPORTANT DATA • Jio Financial Services: JFS will be removed from the NSE Indices, including the Nifty50, from September 7, as the stock has not hit the price band on two consecutive trading days on September 4 and September 5 on the NSE. Even if Jio Financial Services hits the price band on September 6, the exclusion will not be deferred further, the exchange said. Along with Nifty50, the stock will be excluded from Nifty 100, Nifty 200, Nifty 500, Nifty Energy, Nifty India Manufacturing and 13 other indices. • NBCC (India): The state-owned construction company has signed MoU with Kerala State Housing Board, for development of 17.9 acres land parcel of the board in Kochi. The project value is Rs 2,000 crore. • Union Bank of India and Bank of Baroda: Indian Renewable Energy Development Agency (IREDA) has signed agreements with Union Bank of India and Bank of Baroda to co-finance renewable energy projects, including both established and emerging RE technologies. • Power Grid Corporation of India: The state-run electric services company has won the inter-state transmission system project on build, own, operate and transfer (BOOT) basis in Rajasthan. It will build the transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part H. • HDFC Asset Management Company: Amaresh Jena has resigned as marketing head at the asset management firm with effect from September 8. He cited unavoidable personal reasons and exigencies behind his decision to quit. • Nila Infrastructures: The company has received work for construction of 1,694 residential flats in Wadaj, Ahmedabad, from Shree Infracon. The construction work is expected to be executed within 18 months. • Vedanta: The Zambian government has agreed to return the ownership of Konkola Copper Mines (KCM) to billionaire Anil Agarwal-owned Vedanta Resources, reports CNBC-TV18. Konkola Copper Mines assets have reserves of 16 million tonnes of contained copper. • GTL Infrastructure: The board members have appointed Sunali Chaudhry as an Additional Director of the company with effect from September 5. Her appointment is subject to the approval of the shareholders of the company. • FCS Software Solutions: The board members approved the appointment of Ravinder Sachdeva as an additional director of the company designated as Whole Time Director for five years effective from August 29. They also approved the appointment of Neelam Sharma as an additional director, designated as Non-Executive Director with effect from August 29. • Sahaj Fashions: The garment fabric maker will debut on the NSE Emerge on September 6. The issue price is Rs 30 per share. The stock will be available for trading in the trade-for-trade segment. • Bikaji Foods International: Lighthouse India Fund III has offloaded 32.42 lakh equity shares or 1.3% stake in the ethnic snacks company, via open market transactions at an average price of Rs 480 per share. Foreign company Lighthouse India held 2.7% stake in Bikaji as of June 2023. However, Plutus Wealth Management LLP has bought 13.5 lakh shares in the company at an average price of Rs 480.11 per share. • Safari Industries (India): SBI Life Insurance Company has bought 2.05 lakh shares in the luggage and luggage accessories maker via open market transactions at an average price of Rs 3,775 per share, amounting to Rs 77.38 crore. However, Investcorp Private Equity Fund II sold 2.14 lakh shares in the company at an average price of Rs 3,775.06 per share, which as of June 2023 held 1.22% or 2.88 lakh shares in Safari. • Federal Bank: The board members have approved the appointment of Elias George as an Additional Director (Independent) of the bank, for five years with effect from September 5, subject to approval of shareholders.

IMPORTANT DATA • Torrent Pharma, Cipla: Ahmedabad-based Torrent Pharmaceuticals has likely submitted a non-binding bid to acquire the stake of promoters of pharma major Cipla, reports CNBC-TV18 quoting sources. Torrent Pharma may decide on a binding offer in the coming weeks. According to the news report, the company is also holding talks with three to four private equity companies and foreign institutions as it considers several funding options for the offer. • Container Corporation of India: The Central Government has appointed Sanjay Swarup as the Chairman & Managing Director of the company. Sanjay Swarup is currently Director (International Marketing & Operations) at Container Corporation. • Genus Power Infrastructures: The subsidiary has received a letter of award (LOA) of Rs 2,247.37 crore for the appointment of advanced metering infrastructure service providers (AMISPs). The order includes the design of an advanced metering infrastructure (AMI) system with supply, installation and commissioning with FMS of 24.18 lakh smart prepaid meters, system meters including OT meters with corresponding energy accounting under DBFOOT model (hybrid model, capex plus operating expenses). The total order book now stands at around Rs 11,000 crore. • Punjab National Bank: The public sector lender has raised lending rates by 5 bps across tenures. The hike in lending rates is effective from September 1. • India Pesticides: The UP-based agrochemical company is going to buy 11,461 square meters of land adjacent to its existing Sandila plant for setting up a manufacturing unit of pesticides. It has received the allotment letter for the said land from the concerned competent authority and the acquisition of this new land will help the company in capex plans for further expansion of the Sandila plant. • Navneet Education: The educational syllabus-based supplementary content provider has received board approval for the composite scheme of arrangement, comprising amalgamation of Genext Students and demerging of Edtech business of Navneet Futuretech into Navneet Education. This scheme is aimed at rationalising the group structure and cost rationalisation by utilising existing Navneet Education workforce also and resources to serve both product lines - publication and edtech businesses. • Medplus Health Services: Fidelity Funds - India Focus Fund, Nippon India Mutual Fund, Government of Singapore, and Steadview Capital Mauritius bought a 6.5% stake or 77.87 lakh shares, amounting to Rs 607.53 crore, in the retail pharmacy via open market transactions. However, PI Opportunities Fund - I and Lavender Rose Investment sold 1.4 crore shares (70 lakh shares each) in Medplus, amounting to Rs 1,206.5 crore. • Sula Vineyards: HDFC Mutual Fund, Morgan Stanley Asia Singapore Pte, Societe Generale, and Ghisallo Master Fund LP have bought 59.58 lakh equity shares or 7.06% stake in the country's largest wine maker via open market transactions, at an average price of Rs 484 per share. The entire stake sale amounted to Rs 288.4 crore. However, foreign investor Verlinvest Asia Pte Ltd sold 1.06 crore shares or 12.56% stake in Sula at an average price of Rs 484.13 per share, amounting to Rs 513.18 crore. • Five Star Business Finance: PE investors Matrix Partners, TPG Asia, and Norwest Ventures are likely to sell up to 8.8% stake in Five Star Business Finance via block deals, reports CNBC-TV18 quoting sources. The floor price for block deals is likely at Rs 724 per share. • Prudent Corporate Advisory Services: TA FDI Investors has sold 37.37 lakh shares or 9.03% stake in the mutual fund advisory services platform, via open market transactions, at an average price of Rs 1,125.07 per share. The stake sale amounted to Rs 420.53 crore. However, Abu Dhabi Investment Authority, India Acorn Icav, DSP Mutual Fund have bought 6.61% stake or 27.38 lakh shares in Prudent Corporate at an average price of Rs 1,125 per share, amounting to Rs 308.11 crore.