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⚜️BUY POLYCAB 6700 CE ABOVE 300
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⚜️BUY POLYCAB 6700 CE ABOVE 300
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HCL Technologies
HCL Technologies' 0.46% equity stake is likely to be sold through a block deal for Rs 1,757 crore on June 28, sources told CNBC-TV18. The floor price for the block deal is likely to be Rs 1,414.9 per share, which implies a discount of 2.75% to the current market price.
Samhi Hotels
GTI Capital Alpha is likely to sell a 3% stake in Samhi Hotels via block deals, reports CNBC-TV18, quoting sources. The floor price is set at Rs 187.07 per share, with the base deal size at Rs 120 crore and an upsize option at Rs 193 crore.
Polycab India
The promoter group and family members of Polycab are planning to sell a 2.04% stake for up to $257 million via a block deal, sources in the know told Moneycontrol on the condition of anonymity
KPI Green Energy
The company has received a sanction letter for credit facilities amounting to Rs 686 crore for the development of a 200 MWAC (240 MWDC) solar photovoltaic power project in Khavda, Gujarat.
JSW Infrastructure
Subsidiary JSW Port Logistics has agreed to acquire a 70.37% shareholding held by promoters and the promoter group in Navkar Corporation. Meanwhile, the company has received a Letter of Acceptance from Southern Railway, Chennai Division for the construction and operation of the Gati Shakti Multi-Modal Cargo Terminal (GCT) at Arakkonam, Tamil Nadu.
RBL Bank
The bank has received approval from board members for raising funds up to Rs 3,500 crore via qualified institutions placement, in one or more tranches, and Rs 3,000 crore via the issue of debt securities, in one or more tranches, on a private placement basis.
Raymond
Shareholders have approved the reappointment of Gautam Hari Singhania as Managing Director of the company, for five years with effect from July 1.
Reliance Industries
Reliance Jio Infocomm announced a series of new unlimited plans set to take effect on July 3. The new tariff plans range from Rs 189 for 2 GB per month to Rs 3,599 for a 2.5 GB per day annual plan. These plans include unlimited 5G data for all plans with 2GB/day and above.
AU Small Finance Bank
The bank has received approval from the Board of Directors for raising funds up to Rs 5,000 crore via the issue of equity shares through private placement or qualified institutions placement (QIP) or preferential allotment or other modes. The board also approved raising funds up to Rs 6,000 crore, in one or more tranches, via the issue of debt instruments.
Ambuja Cements
Ambuja Cements said its board has approved merging with Adani Cementation, a subsidiary of Adani Enterprises. Through this proposed scheme, Adani Enterprises will get 8.7 million shares of Ambuja Cements. The scheme will consolidate cement capacity within the group to bring synergistic benefits for all stakeholders.
Sagar Cements
The company has received approval from the board for the re-appointment of S Anand Reddy as Managing Director, and S Sreekanth Reddy as Joint Managing Director, for three years, effective October 31.
Rail Vikas Nigam
The company has incorporated its subsidiary company RVNL Middle East Contracting LLC in Dubai.
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