Getty ImagesNifty futures on the Singapore Exchange traded 72 points, or 0.39 per cent higher at 18,498, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today's trade:
: The telecom operator has acquired a strategic stake of around 8 per cent in Lemnisk under its startup accelerator programme for an undisclosed amount. Bengaluru-based Lemnisk offers real-time marketing automation and secure Customer Data Platform (CDP).
The homegrown FMCG major's promoters the Burman family have sold shares amounting to about 1 per cent stake in the company through the open market to raise funds for financing some ventures. Burman family, who are part of the majority shareholders of Dabur India, have sold approximately 1 per cent shares through a block deal.
The private sector lender has announced divergence in NPAs to the tune of Rs 259 crore consisting of 13 borrower accounts for an amount of Rs 230 crore and 218 borrowers for an amount of Rs 29 crore for the year ended March 2022.
The specialty chemicals player has raised Rs 150 crore via the issuance of commercial papers. The date of maturity is February 2023, with a coupon rate of 7.05 per cent per annum.
: The metal player said it has forayed into the stainless steel business by acquiring Mittal Corp Ltd in an NCLT-led resolution process. The company will invest about Rs 7,500 crore over the next 4-5 years to scale up its metal business.
The textile player has recently sold its Umbergaon factory and raised Rs 10.41 crore. The capital gained by selling this asset will now be utilised in business at a different level from production, technology, innovation and marketing.
The auto player has entered into a licence agreement with Ascentec, Korea to strengthen its advance automotive sensors product portfolio. Asentec, a subsidiary of Sejong Industrial, specialises in mobility parts centred on sensors and actuators with manufacturing facilities in Korea, Vietnam and China.
The non-banking finance company has signed an agreement with Care Health Insurance to offer specialised health insurance solutions to its customers. Sundaram Finance would provide health insurance solutions of Care Health through its extensive network.
The building material manufacturer said its Rs 130-crore plant that is being built in West Bengal will be operational by August 2023. The project will raise the total capacity of environment-friendly boards and panels to 3.5 lakh tonne. This will be Visaka's fifth cement fibre board plant in the country.
The industrial products player said it has bagged orders of about Rs 750 crore from Pashchimanchal Vidyut Vitran Nigam. The work orders are for the development of distribution infrastructure for loss reduction in Bulandshahar, Hapur, Baghpat and Meerut districts of Uttar Pradesh.
: Mumbai-based NBFC Cosmea Financial Holdings has pulled out of the race to acquire debt-ridden firm under an insolvency run bid process. Cosmea combined with Piramal Group had put in a bid to acquire Anil Ambani Group's erstwhile company but sources said Piramal still continues to be interested in the auction process.
: The Debt-ridden player said it has defaulted on interest payment of Rs 6.07 crore for non-convertible debentures. The due date for payment was December 19, 2022.
: Mauritius based Investment Fund has purchased 5 lakh shares at Rs 22 per share of NSE listed company engaged in manufacturing of closed die forged products like auto component bearings gears and forged flanges of mild steel carbon steel stainless steel.
: The telecom operator has acquired a strategic stake of around 8 per cent in Lemnisk under its startup accelerator programme for an undisclosed amount. Bengaluru-based Lemnisk offers real-time marketing automation and secure Customer Data Platform (CDP).
The homegrown FMCG major's promoters the Burman family have sold shares amounting to about 1 per cent stake in the company through the open market to raise funds for financing some ventures. Burman family, who are part of the majority shareholders of Dabur India, have sold approximately 1 per cent shares through a block deal.
The private sector lender has announced divergence in NPAs to the tune of Rs 259 crore consisting of 13 borrower accounts for an amount of Rs 230 crore and 218 borrowers for an amount of Rs 29 crore for the year ended March 2022.
The specialty chemicals player has raised Rs 150 crore via the issuance of commercial papers. The date of maturity is February 2023, with a coupon rate of 7.05 per cent per annum.
: The metal player said it has forayed into the stainless steel business by acquiring Mittal Corp Ltd in an NCLT-led resolution process. The company will invest about Rs 7,500 crore over the next 4-5 years to scale up its metal business.
The textile player has recently sold its Umbergaon factory and raised Rs 10.41 crore. The capital gained by selling this asset will now be utilised in business at a different level from production, technology, innovation and marketing.
The auto player has entered into a licence agreement with Ascentec, Korea to strengthen its advance automotive sensors product portfolio. Asentec, a subsidiary of Sejong Industrial, specialises in mobility parts centred on sensors and actuators with manufacturing facilities in Korea, Vietnam and China.
The non-banking finance company has signed an agreement with Care Health Insurance to offer specialised health insurance solutions to its customers. Sundaram Finance would provide health insurance solutions of Care Health through its extensive network.
The building material manufacturer said its Rs 130-crore plant that is being built in West Bengal will be operational by August 2023. The project will raise the total capacity of environment-friendly boards and panels to 3.5 lakh tonne. This will be Visaka's fifth cement fibre board plant in the country.
The industrial products player said it has bagged orders of about Rs 750 crore from Pashchimanchal Vidyut Vitran Nigam. The work orders are for the development of distribution infrastructure for loss reduction in Bulandshahar, Hapur, Baghpat and Meerut districts of Uttar Pradesh.
: Mumbai-based NBFC Cosmea Financial Holdings has pulled out of the race to acquire debt-ridden firm under an insolvency run bid process. Cosmea combined with Piramal Group had put in a bid to acquire Anil Ambani Group's erstwhile company but sources said Piramal still continues to be interested in the auction process.
: The Debt-ridden player said it has defaulted on interest payment of Rs 6.07 crore for non-convertible debentures. The due date for payment was December 19, 2022.
: Mauritius based Investment Fund has purchased 5 lakh shares at Rs 22 per share of NSE listed company engaged in manufacturing of closed die forged products like auto component bearings gears and forged flanges of mild steel carbon steel stainless steel.
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