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Adani Energy Solutions to acquire 100% stake in Halvad Transmission; To invest ₹3,000 crore
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Aarti Industries Limited enters into a long-term supply
contract with a Global Agrochem major for a niche
agrochemical intermediate with a revenue potential of over
Rs 3000 crores.
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STOCKS IN ACTION 28 DECEMBER

💠 Housing and Urban Development Corp: The company executed a Memorandum of Understanding with the Gujarat government for an investment of up to Rs 14,500 crore for financing housing and urban infrastructure projects.

💠 Power Finance Corp, Tata Power: PFC subsidiary Bikaner III Neemrana Il Transmission has been transferred to Tata Power for Rs 18.60 crore and Neemrana Il Kotputli Transmission has been transferred to Sterlite Grid 32 for Rs 18.59 crore.

💠 Power Grid Corp: The company has acquired Bikaner III Neemrana Transmission in Rajasthan under a tariff-based competitive bidding route for Rs 18.82 crore.

💠 Exide Industries: The company has made an investment of Rs 40 crore in its arm, Exide Energy Solutions. The total investment in its arm now stands at Rs 1,820.01 crore.

💠 GE Power India: The company received an order worth Rs 10.47 crore from NTPC to supply generator spares and received an order worth Rs 9.91 crore from Bokaro Power Supply Co. for the supply of spares.

💠 Affle India: The company has approved to enter a non-binding Memorandum of Understanding to invest Rs 37.3 crore as cash consideration to acquire minority ownership in the travel social media app Explurger.

💠 Kotak Mahindra Bank: The Reserve Bank of India has approved the appointment of CS Rajan, Independent Director, as the part-time chairman for a period of two years, effective Jan. 1, 2024.

💠 Life Insurance Corp: The company appointed S. Sunder Krishnan as chief risk officer, effective
Dec. 27.

💠 Lupin: The pharma major announced that it has received approval from the USFDA for its abbreviated new drug application for Loteprednol Etabonate Ophthalmic Suspension.

💠 Reliance Capital: The Competition Commission approved the proposed acquisition of the stake in Reliance Capital by Indusind International Holdings, IIHL BFSI (India) and Aasia Enterprises LLP.

💠 Canara Bank: The bank has approved the process of listing its mutual fund subsidiary, Canara Robeco Asset Management Company, by way of an IPO.

💠 Dabur India: The dissolution of the company's subsidiary, Dabur Tunisia, is delayed till Dec. 31, 2024, as the response from the Reserve Bank and authorities in Tunisia on the matter is still awaited.

💠 City Union Bank: The company opened four new branches on Dec. 27.

💠 PTC Industries: The company and Nasmyth signed a Memorandum of Understanding for collaboration to leverage their capabilities for offering solutions to defence and aerospace customers in India and globally.

💠 One 97 Communications: The company said merchant payments worth Rs 912 crore were made using Paytm in Q2 FY24.

💠 South Indian Bank: The company approved raising Rs 1,750 crore via rights issue.

💠 Petronet LNG: The company signed the binding transaction documents with Gopalpur Ports for the setting up of an LNG terminal on the east coast of India.

💠 KPI Green Energy: The company and its arm commissioned solar power projects totalling 17.35
MWp.

💠 Sula Vineyards: The company's iconic Wine Tourism business set new records in visitor numbers revenues and tastings over the long Christmas weekend

💠 Indian oil: Tank fire at Chennai terminal takes a life, leaves two injured

💠 JSWsteel: CEO unveils ambitious plans, says capex to exceed ₹1 lakh crore for capacity expansion

💠 Zomato: gets show cause notice over alleged tax liabilities worth ₹401.7 crore.
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KEC International wins New Orders of Rs. 1,566 crores
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SWAN ENERGY: CO APPROVED RAISING OF FUNDS WORTH UP TO 40B RUPEES
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Railtel bags work order worth ₹120.45 cr from South Central Railway
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