STOCKS TO WATCH
Reliance Industries: Walt Disney and Reliance Industries have signed a binding agreement to merge their media operations in India, a Bloomberg report quoted people familiar with the matter. The report said billionare Mukesh Ambani-led Reliance Industries is expected to own a 61% stake in the merged entity as Disney reassesses its strategy in India amid intense competition. The distribution of shares among the partners could undergo alterations based on the inclusion of Disney's additional local assets at the time of finalizing the deal, the report said. Reliance Industries is also mulling over the acquisition of Tata Play Ltd., a broadcast service provider, in which Disney holds a minority stake.
HDFC Bank:
The bank said that it has received approval from the Reserve Bank of India (RBI) to offload 90 percent of HDFC Credila’s total issued and paid-up share capital, in an exchange filing. On June 20 last year, HDFC Ltd (now merged with HDFC Bank) had disclosed to the exchanges that it had entered into definitive agreements for the potential sale of a 90 percent share in HDFC Credila to a consortium of private equity firms for approximately ₹9,060 crore.
Canara Bank:
The public sector bank's board of directors is going to consider a stock split in its meeting scheduled on Monday, 26th February 2024. If approved, this would be the second big corporate event taking place at the PSU bank after a gap of nearly seven years. Canara Bank board had declared Rights Issue on 20th February 2017 and the size of the rights issue was ₹1,124 crore. The bank had informed the exchanges about the board meeting to mull over the stock split proposal on February 7.
PayTM:-
The advisory committee, formed by Paytm owner One97 Communications after the Reserve Bank of India’s action on its payments bank, is yet to begin deeper conversations to identify any issue, the Press Trust of India reported the head of the panel M. Damodaran as having said on Sunday. “We are an external advisor. At this point they (Paytm) are dealing with RBI," said Damodaran while speaking at the the release of his biography 'The Turmeric Latte' compiled by one of his former colleagues in Sebi (Securities and Exchange Board of India).
IndianOil, ONGC and GAIL (India):
State-owned oil and gas companies including IndianOil, ONGC and GAIL (India) have been slapped with fines for the third straight quarter for failing to meet listing norm requirements like not having the requisite number of independent directors, or the mandated woman director in the third quarter ended December 31, 2023, reports said. Stock exchanges have fined oil refining and fuel marketing giants Indian Oil Corporation (IOC), explorers Oil and Natural Gas Corporation (ONGC) and Oil India (OIL), gas utility GAIL, and refiners Hindustan Petroleum Corporation (HPCL) and Mangalore Refinery and Petrochemicals Ltd (MRPL), a cumulative ₹32.5 lakh.
Sun Pharma,LUPIN Laboratories and Alkem Laboratories:
Pharmaceutical products manufactured by Sun Pharma, Lupin Laboratories and Alkem Laboratories are being recalled from the US market, as per a list issued in the weekly enforcement report of the US Food and Drug Administration (USFDA), reports said on Monday, February 25.
Reliance Industries:
The conglomerate is planning to set up more than 50 compressed biogas (CBG) plants in the next two years at a cost of over ₹5,000 crore, according to industry executives aware of the development, reports said. At RIL's annual general meeting last August, chairman Mukesh Ambani had announced plans to set up 100 CBG plants in five years. CBG is a green fuel produced from waste or biomass sources. "RIL has tendered out over 50 compressed biogas plants to be set up in the next two years. It will shortly be floating a tender for the remaining plants," said one of the executives.
Reliance Industries: Walt Disney and Reliance Industries have signed a binding agreement to merge their media operations in India, a Bloomberg report quoted people familiar with the matter. The report said billionare Mukesh Ambani-led Reliance Industries is expected to own a 61% stake in the merged entity as Disney reassesses its strategy in India amid intense competition. The distribution of shares among the partners could undergo alterations based on the inclusion of Disney's additional local assets at the time of finalizing the deal, the report said. Reliance Industries is also mulling over the acquisition of Tata Play Ltd., a broadcast service provider, in which Disney holds a minority stake.
HDFC Bank:
The bank said that it has received approval from the Reserve Bank of India (RBI) to offload 90 percent of HDFC Credila’s total issued and paid-up share capital, in an exchange filing. On June 20 last year, HDFC Ltd (now merged with HDFC Bank) had disclosed to the exchanges that it had entered into definitive agreements for the potential sale of a 90 percent share in HDFC Credila to a consortium of private equity firms for approximately ₹9,060 crore.
Canara Bank:
The public sector bank's board of directors is going to consider a stock split in its meeting scheduled on Monday, 26th February 2024. If approved, this would be the second big corporate event taking place at the PSU bank after a gap of nearly seven years. Canara Bank board had declared Rights Issue on 20th February 2017 and the size of the rights issue was ₹1,124 crore. The bank had informed the exchanges about the board meeting to mull over the stock split proposal on February 7.
PayTM:-
The advisory committee, formed by Paytm owner One97 Communications after the Reserve Bank of India’s action on its payments bank, is yet to begin deeper conversations to identify any issue, the Press Trust of India reported the head of the panel M. Damodaran as having said on Sunday. “We are an external advisor. At this point they (Paytm) are dealing with RBI," said Damodaran while speaking at the the release of his biography 'The Turmeric Latte' compiled by one of his former colleagues in Sebi (Securities and Exchange Board of India).
IndianOil, ONGC and GAIL (India):
State-owned oil and gas companies including IndianOil, ONGC and GAIL (India) have been slapped with fines for the third straight quarter for failing to meet listing norm requirements like not having the requisite number of independent directors, or the mandated woman director in the third quarter ended December 31, 2023, reports said. Stock exchanges have fined oil refining and fuel marketing giants Indian Oil Corporation (IOC), explorers Oil and Natural Gas Corporation (ONGC) and Oil India (OIL), gas utility GAIL, and refiners Hindustan Petroleum Corporation (HPCL) and Mangalore Refinery and Petrochemicals Ltd (MRPL), a cumulative ₹32.5 lakh.
Sun Pharma,LUPIN Laboratories and Alkem Laboratories:
Pharmaceutical products manufactured by Sun Pharma, Lupin Laboratories and Alkem Laboratories are being recalled from the US market, as per a list issued in the weekly enforcement report of the US Food and Drug Administration (USFDA), reports said on Monday, February 25.
Reliance Industries:
The conglomerate is planning to set up more than 50 compressed biogas (CBG) plants in the next two years at a cost of over ₹5,000 crore, according to industry executives aware of the development, reports said. At RIL's annual general meeting last August, chairman Mukesh Ambani had announced plans to set up 100 CBG plants in five years. CBG is a green fuel produced from waste or biomass sources. "RIL has tendered out over 50 compressed biogas plants to be set up in the next two years. It will shortly be floating a tender for the remaining plants," said one of the executives.
Next TATA Group IPO in line is Tata Passenger Electric Mobility Limited
(TPEML).
Amount to be raised is Rs. 16000 crore.
Parent Company is Tata Motors.
(TPEML).
Amount to be raised is Rs. 16000 crore.
Parent Company is Tata Motors.
Stocks to Watch
One 97 Communication: The company has likely signed a deal to move its merchant accounts to Yes Bank, NDTV Profit reported exclusively.
Adani Enterprises: The company has divested its entire stake in Vizag Tech Park for Rs 151 crore
to Adani Infrastructure and Developers.
Adani Group Stocks: The group reported a record Ebitda growth of 63.6% year-on-year in Q3
FY24, driven by its core infrastructure business.
Vedanta: The company incorporated Hindmetal Exploration Services by Hindustan Zinc, a subsidiary of the company, to explore, discover, develop and tap mineral resources.
Auto Stocks: Automakers will announce their February sales figures on Friday. Companies such as TVS Motor, Bajaj Auto, Tata Motors, Maruti Suzuki India and Hero MotoCorp will be in focus.
CG Power And Industrial Solutions: The company, in partnership with Renesas Electronics Corp., will make an investment of Rs 7,600 crore to set up a semiconductor unit in Gujarat.
ICICI Bank: The company acquired a further stake in ICICI Lombard worth Rs 431 crore. ICICl Lombard is now a subsidiary of the bank.
Suven Pharmaceuticals: The company will merge with Cohance Lifesciences. The shareholders of Cohance will receive 11 shares of the merged company for 295 shares of Cohance.
Biocon: The company arm signed a licence pact with Janssen Biotech and Johnson & Johnson to commercialise Bmab 1200 in the U.S. The USFDA conducted an inspection at the company's unit between Feb. 20 and 28 and has Form 483s with four observations.
Star Cement: The company received a Letter of Intimation from Coal India on being successful bidders for the procurement of 3.12 lakh metric tonnes of coal per annum for a period of 10 years from the date of entering into fuel supply reements. This is in addition to the existing FSA for subsidiaries.
Andhra Cements: Promoter Sagar Cements has sold a 5% stake in the company via an offer for sale.
Dilip Buildcon: The company's unit received an order worth Rs 1,955 crore from the National Highways Authority of India for the construction of the Four-Lane Urga-Patalgaon section in the State of Chhattisgarh.
Chalet Hotels: The company approved the acquisition of partners' shares in Ayushi and Poonam Estates LLP for Rs 315 crore.
Cantabil Retail India: The company has opened 13 new showrooms in India during the month of February. The total number of showrooms now stands at 529.
Hester Biosciences: Sanjay Dalal, the chief operating officer, has stepped down from his current role.
Avantel: The company has received a purchase order worth Rs 5.48 crore from Garden Reach
Shipbuilders.
Landmark Cars: The company received a letter of intent from MG Motor India for opening a dealership in Ujjain, Madhya Pradesh.
Aurobindo Pharma: The U.S. FDA completed an inspection at the company's unit between Feb. 19
and 29 with seven observations.
Delta Corp: The company incorporated Delta Penland, a new wholly owned subsidiary, which is proposed to be a joint venture company with Peninsula Land for real estate development.
Pidilite Industries: The company appointed Sudhanshu Vats as managing director designate and appointed Kavinder Singh as executive director and joint managing director designate.
Godrej Industries: The company has made further investments in Godrej Capital. It now holds an 89.48% stake in the company.
Rallis India: The company appointed Gyanendra Shukla as MD and CEO for 5 years, with effect from April 1.
MPS: The company's unit, MPS North America, acquired AJE to scale Al capabilities and enter the B2C market.
MOIL: The company has increased the prices for ore with manganese content below Mn 44% by 5%.
Larsen & Toubro: The company commissioned the first indigenously built hydrogen electrolyser at Hazira.
One 97 Communication: The company has likely signed a deal to move its merchant accounts to Yes Bank, NDTV Profit reported exclusively.
Adani Enterprises: The company has divested its entire stake in Vizag Tech Park for Rs 151 crore
to Adani Infrastructure and Developers.
Adani Group Stocks: The group reported a record Ebitda growth of 63.6% year-on-year in Q3
FY24, driven by its core infrastructure business.
Vedanta: The company incorporated Hindmetal Exploration Services by Hindustan Zinc, a subsidiary of the company, to explore, discover, develop and tap mineral resources.
Auto Stocks: Automakers will announce their February sales figures on Friday. Companies such as TVS Motor, Bajaj Auto, Tata Motors, Maruti Suzuki India and Hero MotoCorp will be in focus.
CG Power And Industrial Solutions: The company, in partnership with Renesas Electronics Corp., will make an investment of Rs 7,600 crore to set up a semiconductor unit in Gujarat.
ICICI Bank: The company acquired a further stake in ICICI Lombard worth Rs 431 crore. ICICl Lombard is now a subsidiary of the bank.
Suven Pharmaceuticals: The company will merge with Cohance Lifesciences. The shareholders of Cohance will receive 11 shares of the merged company for 295 shares of Cohance.
Biocon: The company arm signed a licence pact with Janssen Biotech and Johnson & Johnson to commercialise Bmab 1200 in the U.S. The USFDA conducted an inspection at the company's unit between Feb. 20 and 28 and has Form 483s with four observations.
Star Cement: The company received a Letter of Intimation from Coal India on being successful bidders for the procurement of 3.12 lakh metric tonnes of coal per annum for a period of 10 years from the date of entering into fuel supply reements. This is in addition to the existing FSA for subsidiaries.
Andhra Cements: Promoter Sagar Cements has sold a 5% stake in the company via an offer for sale.
Dilip Buildcon: The company's unit received an order worth Rs 1,955 crore from the National Highways Authority of India for the construction of the Four-Lane Urga-Patalgaon section in the State of Chhattisgarh.
Chalet Hotels: The company approved the acquisition of partners' shares in Ayushi and Poonam Estates LLP for Rs 315 crore.
Cantabil Retail India: The company has opened 13 new showrooms in India during the month of February. The total number of showrooms now stands at 529.
Hester Biosciences: Sanjay Dalal, the chief operating officer, has stepped down from his current role.
Avantel: The company has received a purchase order worth Rs 5.48 crore from Garden Reach
Shipbuilders.
Landmark Cars: The company received a letter of intent from MG Motor India for opening a dealership in Ujjain, Madhya Pradesh.
Aurobindo Pharma: The U.S. FDA completed an inspection at the company's unit between Feb. 19
and 29 with seven observations.
Delta Corp: The company incorporated Delta Penland, a new wholly owned subsidiary, which is proposed to be a joint venture company with Peninsula Land for real estate development.
Pidilite Industries: The company appointed Sudhanshu Vats as managing director designate and appointed Kavinder Singh as executive director and joint managing director designate.
Godrej Industries: The company has made further investments in Godrej Capital. It now holds an 89.48% stake in the company.
Rallis India: The company appointed Gyanendra Shukla as MD and CEO for 5 years, with effect from April 1.
MPS: The company's unit, MPS North America, acquired AJE to scale Al capabilities and enter the B2C market.
MOIL: The company has increased the prices for ore with manganese content below Mn 44% by 5%.
Larsen & Toubro: The company commissioned the first indigenously built hydrogen electrolyser at Hazira.
Hi all,
Current scenarios most of the stocks are not sustaining after breakout. Even after sustains some are falling down.
Since ahead of the election time the market is in high volatility.
So please trade carefully with SL and don't blindly take any positions.
Current scenarios most of the stocks are not sustaining after breakout. Even after sustains some are falling down.
Since ahead of the election time the market is in high volatility.
So please trade carefully with SL and don't blindly take any positions.
STOCKS IN ACTION
Vedanta: The company is exploring all possible legal solutions, including the possibility of filing a review petition against the top court's decision that rejected the mining giant's plea to restart operations at its copper smelter in Thoothukudi, Tamil Nadu.
Infosys: The IT major has announced the renewal of its digital innovation partnership with the
ATP Tour until 2026, aimed at driving Al-first innovations in professional tennis.
Hindustan Aeronautics: The company has signed an amendment to the LCA IOC contract. The value of the contract has been revised from Rs 2,700.87 crore to Rs 5,077.95 crore.
Mahindra and Mahindra: Promoter Prudential Management and Services has offered to sell up to 93 lakh shares or 0.75% equity, in the company for Rs 1,832 crore.
Bajaj Finserv: The company's unit reported a Rs 1,294 crore general insurance gross direct premium for the month of February and a Rs 1,050 crore life insurance premium for the month of February.
Asian Paints: The company's unit entered into the requisite agreements with Gujarat Chemical Port to set up an ethylene storage and handling facility in Dahej, Gujarat.
Glenmark Pharmaceuticals: The company has started the process of selling 55% of its subsidiary, Glenmark Life Sciences, to Nirma. Glenn Saldanha resigned from the position of Chairman, Non-Executive Director, effective March 6.
Life Insurance Corp.: The insurer has increased its stake in LIC Mutual Fund from 40.93% to 44.61% through private placement.
NLC India: The government will sell up to 9.71 crore shares, including the green shoe option, via an offer for sale at Rs 212 per share.
Subex: The company announced it has secured a deal with a prominent telecom operator in Southeast Asia for deploying its state-of-the-art business assurance and fraud management solutions on Hyper Sense.
OnMobile Global: The company appointed François-Charles Sirois, Executive Chairman, as CEO and Sanjay Baweja resigned from the role of 'Global Chief Executive Officer and Managing Director'.
Kaynes Technology India: The company's unit signed a technology provision agreement with ISO to enable the unit to set up a supply chain for OSAT business in India.
Jupiter Wagons: The company received an order worth Rs 956 crore from the Ministry of Railways for the manufacture and supply of 2,237 BOSM Wagons.
Bajel Projects: Sanjay Bhagat has resigned as CEO due to personal reasons.
Seamec: The company's unit has decided to sell its vessel, Seamec Nidhi, to Joyo Shipping for $10.5 million.
Cyient: The company has joined the eSync Alliance, a network of businesses focusing on automotive OTA connectivity.
Redtape: The company incorporated REDTAPE Sports Goods in China.
GPT INFRA: The company received an order worth Rs 135 crore from North Central Railway, Uttar Pradesh.
Exide Industries: The company will invest Rs 70 crore in unit Chloride Metals to finance long-term capital requirements.
Allcargo Gati: The company's total monthly volume for the month of February stood at 104 kilo tonnes, up 15% Yoy.
UPL: The company's unit, UPL Corp., signed a pact with Masarrah Investment for a manufacturing complex in Saudi Arabia.
Vikas Lifecare: The company received a patent for a multi-layered plastic recycling process.
IGL: cuts CNG prices in Delhi by Rs 2.50 per kg to ₹74.09
MahindraLifespaces: targets ₹2,500 crore business in FY25
Adani Enterprises: Co’s Dubai arm acquires 100% stake in France-based Le Marche at €5,000
Vedanta: The company is exploring all possible legal solutions, including the possibility of filing a review petition against the top court's decision that rejected the mining giant's plea to restart operations at its copper smelter in Thoothukudi, Tamil Nadu.
Infosys: The IT major has announced the renewal of its digital innovation partnership with the
ATP Tour until 2026, aimed at driving Al-first innovations in professional tennis.
Hindustan Aeronautics: The company has signed an amendment to the LCA IOC contract. The value of the contract has been revised from Rs 2,700.87 crore to Rs 5,077.95 crore.
Mahindra and Mahindra: Promoter Prudential Management and Services has offered to sell up to 93 lakh shares or 0.75% equity, in the company for Rs 1,832 crore.
Bajaj Finserv: The company's unit reported a Rs 1,294 crore general insurance gross direct premium for the month of February and a Rs 1,050 crore life insurance premium for the month of February.
Asian Paints: The company's unit entered into the requisite agreements with Gujarat Chemical Port to set up an ethylene storage and handling facility in Dahej, Gujarat.
Glenmark Pharmaceuticals: The company has started the process of selling 55% of its subsidiary, Glenmark Life Sciences, to Nirma. Glenn Saldanha resigned from the position of Chairman, Non-Executive Director, effective March 6.
Life Insurance Corp.: The insurer has increased its stake in LIC Mutual Fund from 40.93% to 44.61% through private placement.
NLC India: The government will sell up to 9.71 crore shares, including the green shoe option, via an offer for sale at Rs 212 per share.
Subex: The company announced it has secured a deal with a prominent telecom operator in Southeast Asia for deploying its state-of-the-art business assurance and fraud management solutions on Hyper Sense.
OnMobile Global: The company appointed François-Charles Sirois, Executive Chairman, as CEO and Sanjay Baweja resigned from the role of 'Global Chief Executive Officer and Managing Director'.
Kaynes Technology India: The company's unit signed a technology provision agreement with ISO to enable the unit to set up a supply chain for OSAT business in India.
Jupiter Wagons: The company received an order worth Rs 956 crore from the Ministry of Railways for the manufacture and supply of 2,237 BOSM Wagons.
Bajel Projects: Sanjay Bhagat has resigned as CEO due to personal reasons.
Seamec: The company's unit has decided to sell its vessel, Seamec Nidhi, to Joyo Shipping for $10.5 million.
Cyient: The company has joined the eSync Alliance, a network of businesses focusing on automotive OTA connectivity.
Redtape: The company incorporated REDTAPE Sports Goods in China.
GPT INFRA: The company received an order worth Rs 135 crore from North Central Railway, Uttar Pradesh.
Exide Industries: The company will invest Rs 70 crore in unit Chloride Metals to finance long-term capital requirements.
Allcargo Gati: The company's total monthly volume for the month of February stood at 104 kilo tonnes, up 15% Yoy.
UPL: The company's unit, UPL Corp., signed a pact with Masarrah Investment for a manufacturing complex in Saudi Arabia.
Vikas Lifecare: The company received a patent for a multi-layered plastic recycling process.
IGL: cuts CNG prices in Delhi by Rs 2.50 per kg to ₹74.09
MahindraLifespaces: targets ₹2,500 crore business in FY25
Adani Enterprises: Co’s Dubai arm acquires 100% stake in France-based Le Marche at €5,000
STOCKS to WATCH
Aditya Birla Capital: The board approved the amalgamation of the wholly owned unit Aditya Birla Finance with the company. The merger is subject to the sanction of the National Company Law Tribunal and other necessary approvals from the Reserve Bank of India and other shareholders.
ITC: British American Tobacco is preparing to kick off a sale of part of its stake in the company as soon as this week, Bloomberg reported. Amidst this, about 12 million equity shares (0.09% stake) changed hands in a large trade on Monday. It increased its stake in Sproutlife Foods to 44.74% for Rs 50 crore.
SpiceJet: Chief Operating Officer Arun Kashyap and Chief CommercialOfficer Shilpa Bhatia has resigned from the airline, PTI reported.
Rail Vikas Nigam: The company emerged as the lowest bidder from Central Railway for signalling and telecommunication work for the provision of automatic block signalling on Khapri-Sewagram section of Nagpur Division. It also received a construction order worth Rs 339 crore from Maharashtra Metro Rail Corp.
Adani Enterprises: The survey of Dharavi will commence on March 18 from Kamla Raman Nagar to digitally collect data from lakhs of informal tenement residents.
H.G. Infra Engineering: The company received a letter of award worth Rs 862.11 crore from the National Highways Authority of India.
Jupiter Wagons: The company received an order worth Rs 957 crore from the Ministry of Railways to manufacture and supply 2,237 units of BOSM wagons.
Mahindra and Mahindra: The company reported total production at 73,380 units vs. 58,203 units
YoY for the month of February.
Pitti Engineering: The company will buy Bagadia Chaitra Industries for an enterprise value of Rs
124.92 crore.
Wipro: The IT major has expanded its partnership with Nutanix to launch a new Nutanix-focused business unit.
Imagicaaworld Entertainment: The company announced its successful bid to establish a landmark concept at the iconic Sabarmati Riverfront in Ahmedabad for Rs 130 crore.
Triveni Engineering and Industries: The company acquired a 25.43% stake in Sir Shadi Lal
Enterprises for Rs 35 crore with the objective of expanding its business operations in sugar and
alcohol businesses.
IRB Infrastructure Developers: The company's unit, IRB Lalitpur tollway, achieves financial closure for the NH-44 project with Rs 3,500 crore in project finance from the lender.
HIL: The board approved a 100% equity acquisition of Crestia Polytech for a total consideration of Rs 160 crore.
Aditya Birla Capital: The board approved the amalgamation of the wholly owned unit Aditya Birla Finance with the company. The merger is subject to the sanction of the National Company Law Tribunal and other necessary approvals from the Reserve Bank of India and other shareholders.
ITC: British American Tobacco is preparing to kick off a sale of part of its stake in the company as soon as this week, Bloomberg reported. Amidst this, about 12 million equity shares (0.09% stake) changed hands in a large trade on Monday. It increased its stake in Sproutlife Foods to 44.74% for Rs 50 crore.
SpiceJet: Chief Operating Officer Arun Kashyap and Chief CommercialOfficer Shilpa Bhatia has resigned from the airline, PTI reported.
Rail Vikas Nigam: The company emerged as the lowest bidder from Central Railway for signalling and telecommunication work for the provision of automatic block signalling on Khapri-Sewagram section of Nagpur Division. It also received a construction order worth Rs 339 crore from Maharashtra Metro Rail Corp.
Adani Enterprises: The survey of Dharavi will commence on March 18 from Kamla Raman Nagar to digitally collect data from lakhs of informal tenement residents.
H.G. Infra Engineering: The company received a letter of award worth Rs 862.11 crore from the National Highways Authority of India.
Jupiter Wagons: The company received an order worth Rs 957 crore from the Ministry of Railways to manufacture and supply 2,237 units of BOSM wagons.
Mahindra and Mahindra: The company reported total production at 73,380 units vs. 58,203 units
YoY for the month of February.
Pitti Engineering: The company will buy Bagadia Chaitra Industries for an enterprise value of Rs
124.92 crore.
Wipro: The IT major has expanded its partnership with Nutanix to launch a new Nutanix-focused business unit.
Imagicaaworld Entertainment: The company announced its successful bid to establish a landmark concept at the iconic Sabarmati Riverfront in Ahmedabad for Rs 130 crore.
Triveni Engineering and Industries: The company acquired a 25.43% stake in Sir Shadi Lal
Enterprises for Rs 35 crore with the objective of expanding its business operations in sugar and
alcohol businesses.
IRB Infrastructure Developers: The company's unit, IRB Lalitpur tollway, achieves financial closure for the NH-44 project with Rs 3,500 crore in project finance from the lender.
HIL: The board approved a 100% equity acquisition of Crestia Polytech for a total consideration of Rs 160 crore.