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4 to 20++++++

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Zomato

The food delivery giant will acquire Paytm's entertainment ticketing business for Rs 2,048 crore. The transaction includes a transition services agreement, allowing the ticketing business to continue operating on the Paytm app for up to 12 months to ensure a smooth transition. As part of the deal, 280 employees will move to Zomato.

One 97 Communications
Paytm announced that its Board of Directors has opted for a reduced salary under a 'revised remuneration structure.' The proposed revision, subject to shareholder approval, will reduce the annual salaries of Non-Executive Independent Directors from Rs 1.65-2.07 crore to a capped amount of Rs 48 lakh, with a fixed component of Rs 20 lakh, effective April 1, 2024. The variable component will be linked to attendance at meetings and roles in various committees.

Tata Motors

SES ESG Research has assigned an ESG Score (Adjusted) of 78.8 (Grade B+) to Tata Motors based on data pertaining to FY24.

Zen Technologies

The company has opened its Qualified Institutions Placement (QIP) on August 21, setting the floor price at Rs 1,685.18 per share. According to CNBC-TV18 sources, the QIP issue size may be around Rs 800 crore, with the potential to scale up to Rs 1,000 crore.

L&T Technology Services

The global engineering and R&D firm has collaborated with Thales to offer innovative business models to customers. Under this strategic collaboration, L&T Technology will use the Thales Sentinel platform to help customers monetize their software with flexible licensing options.

Paras Defence and Space Technologies

The Department for Promotion of Industry & Internal Trade (DPIIT) has granted an industrial license to the company to establish an industrial undertaking for manufacturing several items, including infrared or thermal imaging equipment, electro-optics systems, sub-systems and platform of radar systems, modules and control assemblies, opto-electronic assemblies, and border security surveillance systems in Navi Mumbai, Maharashtra.

Alkem Laboratories

A promoter is likely to sell a 0.7% stake in the pharma company through block deals, according to CNBC-TV18 sources. The floor price is likely to be set at Rs 5,616 per share.

Muthoot Capital Services

The company announced that its board of directors will meet on August 24 to consider issuing non-convertible debentures of up to Rs 50 crore on a private placement basis.

Indian Renewable Energy Development Agency

The Board of Directors will meet on August 29 to consider raising up to Rs 4,500 crore in one or more tranches through a further public offer (FPO), Qualified Institutional Placement (QIP), rights issue, or preferential issue.

Welspun Enterprises

Subsidiary Welspun Michigan Engineers has received the Letter of Acceptance (LOA) from the Brihanmumbai Municipal Corporation (BMC) for rehabilitating man-entry sewers using trenchless technology in Mumbai's suburbs. The contract value is Rs 159.75 crore, and the project is to be executed within 24 months (excluding monsoon) from the commencement notice.

BEML

The defense and heavy engineering manufacturer has signed a strategic Memorandum of Understanding (MoU) with the Directorate of Marine Engineering, Indian Navy, to develop advanced marine applications for defense. Additionally, the company has entered into an MoU with Malaysia’s largest rolling stock manufacturer, SMH Rail, to meet global demand for rail and metro solutions.

Rail Vikas Nigam

RVNL has signed an MoU with Dhaya Maju Infrastructure (Asia) Sdn Berhad (DMIA). They may collaborate to work jointly on railway infrastructure and services projects in the ASEAN market and other regions.

Kalyan Jewellers India

Promoter Trikkur Sitarama Iyer will be purchasing a 2.36% stake in Kalyan Jewellers from Highdell Investment at Rs 535 per share, amounting to Rs 1,300 crore. After the transaction, the promoters' shareholding in the company will increase from 60.59% to 62.95%.

Procter & Gamble Health
👍1
⚜️BUY DEEPAKNTR 3040CE ABOVE 85


🎯 Target -90-100


Sl PAID

WAIT FOR HIT
⚜️BUY BANKNIFTY 51000 PE ABOVE 310


🎯 Target --350-400


Sl holding

WAIT FOR HIT
FSN E-Commerce Ventures (Nykaa)

Harindarpal Singh Banga, a pre-IPO investor in Nykaa, is likely to sell up to a 1.4% stake in the beauty and personal care platform, according to CNBC-TV18 sources. The stake sale is expected at a floor price of Rs 198 per share. Harindarpal Singh held a 6.4% stake in Nykaa as of the end of the June quarter.

Ambuja Cements
Promoter group entity Holderind Investments has launched a block deal to sell a 2.84% stake in Ambuja Cements for $500 million, according to multiple sources cited by Moneycontrol. The floor price for the block deal is Rs 600 per share, which represents a 5% discount to the last closing price of Rs 631.80 per share on August 22.

Wipro

Rizing Management LLC, a step-down subsidiary of the IT company, has been voluntarily liquidated effective August 21. Meanwhile, John Lewis Partnership (JLP) has selected Wipro to transform and modernize its IT infrastructure.

Bharti Airtel

Following the company’s appeal to the Commissioner (Appeals), Central Goods and Services Tax Appellate Authority, Delhi, the said Appellate Authority has passed an appeal order reducing the GST demand to Rs 194 crore. The total demand originally assessed by the GST Department was Rs 604.66 crore.

Bandhan Bank

The bank has launched "Avni," an exclusive savings account for women. Additionally, it has launched an enterprise-wide loyalty program called Bandhan Bank Delights, where customers can earn reward points known as "delight points." These points can be redeemed for purchases, along with exclusive offers.

SBI Life Insurance Company

The Deputy Excise and Taxation Commissioner, Rohtak, Haryana, Department of Goods and Services Tax, has raised a demand for GST, along with applicable interest and a penalty of Rs 239.27 crore on SBI Life for FY20.

RailTel Corporation of India

The company has received a work order worth Rs 52.66 crore from the Uttar Pradesh Police Recruitment and Promotion Board.

Adani Power

The National Company Law Tribunal, Hyderabad, has approved the company’s resolution plan for the acquisition of Lanco Amarkantak Power, which is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The upfront payment for the acquisition is Rs 4,101 crore.

Zomato

Zomato has announced the immediate shutdown of its Intercity Legends service, which offered iconic dishes from 10 cities across India to other parts of the country, two years after its launch.

Bharat Forge

The company will invest Rs 105.45 crore in its subsidiary Kalyani Powertrain by subscribing to 10,54,50,000 equity shares. Kalyani Powertrain is engaged in the EV and e-mobility solutions space.

Spandana Sphoorty Financial

The board of directors of the company will meet on August 27 to consider the issuance of non-convertible debentures on a private placement basis.
✌️STOCK TRADERS ✌️
⚜️BUY BANKNIFTY 51000 PE ABOVE 310 🎯 Target --350-400 Sl holding WAIT FOR HIT
Yesterday call banknifty book profit


310 to 429+++

120 point done profit 🚀🚀🚀🚀🚀🚀🚀
👍1
⚜️BUY OFSS 11100 PE ABOVE 240


🎯 Target --255-300-320


Sl paid

WAIT FOR HIT CMP 235
⚜️BUY OFSS 11100 PE ABOVE 240


🎯 Target --255-300-320


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