✌️STOCK TRADERS ✌️

ABB India

ABB has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa. This acquisition strengthens the company’s position in the high-powered renewable power conversion technology market. The transaction is expected to close in the second half of 2025.

DOMS Industries
Italian stationery maker FILA has initiated the sale of up to 4.57% of shares in its Indian unit, DOMS. The stake sale is being conducted through an accelerated book-building process, starting on December 18, offering up to 27.73 lakh shares. The Italian company holds about a 30.58% stake in DOMS.

Zaggle Prepaid Ocean Services

The company has opened its qualified institutional placement (QIP) issue on December 18, with a floor price of Rs 550.73 per share. According to CNBC-TV18, quoting sources, the issue size is Rs 450 crore, with an upsize option of up to Rs 750 crore. Meanwhile, the company has entered into an agreement with Narayana Hrudayalaya to provide the Zaggle Save (Employee Expense Management & Benefits) solution to the healthcare firm.

Ipca Laboratories

Promoter Usha Madhukar Chandurkar has sold 1.6% stake (or 40 lakh shares) in the company for Rs 601 crore, at an average price of Rs 1,501.52 per share, reports CNBC-TV18. As of September 2024, she held a 3.27% stake in Ipca.

Gujarat Toolroom

The company will open its qualified institutional placement (QIP) issue on December 19 and has set a floor price of Rs 13.98 per share. It has approved the issuance of 7.19 crore equity shares, aggregating up to Rs 95.66 crore.

NITCO

The company has secured orders worth Rs 105 crore from the real estate firm Prestige Group. It will supply tiles and marble to several of Prestige’s real estate projects across various cities in the country. Based on Prestige’s ongoing projects, NITCO expects the order size to increase to about Rs 210 crore.

Yatharth Hospital & Trauma Care Services

The company opened its qualified institutional placement (QIP) issue on December 18, with a floor price of Rs 626.18 per share. According to CNBC-TV18, quoting sources, the indicative issue size is Rs 450 crore, with an upsize option of up to Rs 700 crore.

Gandhar Oil Refinery

The company has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (US FDA) for its manufacturing facility in Taloja. The US FDA has classified the inspection as Voluntary Action Indicated (VAI) and concluded the inspection as closed.

Cummins India
Ajay Patil has resigned as Chief Financial Officer of the company, effective January 9, 2025. The Board has appointed Prasad Kulkarni as the interim Chief Financial Officer of the company, effective January 10, 2025.

Asian Paints

Vishu Goel has resigned as Associate Vice President of Retail Sales, Commercials & Marketing, and Shyam Swamy has resigned as Vice President of Home Improvement, Décor, Services & Retailing of the company, effective December 17. However, the Board has approved the appointment of Ashish Rae as Associate Vice President – Retail Sales, Marketing & Commercial, effective January 2, 2025. Additionally, Gagandeep Singh Kalsi, Associate Vice President – Strategy, Business Development, a Senior Management Personnel, will also handle Décor and Services, effective December 23.

Vardhman Polytex

The Board has approved the issuance of equity shares worth up to Rs 120 crore via a rights issue and the issuance of up to 7.24 crore warrants worth up to Rs 90.9 crore.

ITC

The company has acquired a 2.44% stake in EIH for Rs 111.22 crore and 0.53% shares of HLV for Rs 10.93 crore, from Russell Credit, a wholly owned subsidiary of the company. Post-acquisition, the company’s shareholding in EIH and HLV increased to 16.13% and 8.11%, respectively.

State Bank of India

The Central Government has appointed Rama Mohan Rao Amara as Managing Director of the bank for three years. Currently, Rama Mohan Rao Amara is the Deputy Managing Director at the bank.

Lupin

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