Nifty futures on the Singapore Exchange were trading 76.5 points, or 0.41 per cent, lower at 18,733.5, indicating a negative start on Dalal Street on Tuesday.
Tata Motors: The domestic auto major is looking to increase passenger vehicle prices from next month to make its model range compliant with stricter emission norms starting April 1 next year. The price revision will also offset the impact of commodity prices, which remained high for most part of the year.
Vodafone Idea: Mobile tower company American Tower Corporation (ATC) expressed uncertainty about Vodafone Idea’s intention to clear its dues by January. Last month, shareholders of debt-ridden Vodafone Idea approved the issue of shares worth Rs 1,600 crore to ATC Telecom Infrastructure, the Indian arm of ATC.
HDFC: Life Insurance Corporation India (LIC) bought an additional 2.14 lakh shares (0.012%) stake in the company through an open market transaction on 2 December. With this, LIC’s stake in the corporation increased to 5.003% from 4.991% earlier.
TVS Motor Company: Promoter Srinivasan Trust sold stake worth Rs 262 crore in TVS Motor Company. Promoter Srinivasan Trust offloaded entire shares worth Rs 262.1 crore through open market transactions. It sold 25.69 lakh shares at an average price of Rs 1,020 per share.
Bajaj Consumer Care: The company will consider share buyback on 9 December. The company said its board of directors will consider the proposal for buyback of equity shares of the company on December 9.
IRB Infrastructure Developers: The company and its InvIT subsidiary IRB Infrastructure Trust have collectively registered a 39% year-on-year toll collection growth across all projects in November 2022. The company reported toll collection of Rs 365.95 crore in November, while it was Rs 262.81 crore in November 2021.
BCL Industries: BCL Industries bags orders from OMC, Reliance Industries for supply of ethanol. The company has bagged orders worth Rs 285 crore for supply of 4.9 crore liters of ethanol to oil marketing companies. Additionally, its distillery unit has also bagged an order to supply 1.65 crore liters of ethanol to Reliance Industries with an order value of Rs 107 crore.
Rainbow Children’s Medicare: UK-based British International Investment Plc exited Rainbow Children’s Medicare. The UK’s British International Investment plc exited Rainbow Children’s Medicare by selling its entire shareholding through an open market transaction. CDC India Opportunities owned by British International Investment Plc sold 50.33 lakh shares at an average price of Rs 735 per share and CDC Group Plc, now known as British International Investment Plc, sold 96.32 lakh shares at an average price of Rs 735 per share. Sell it. 735.55 per share, which valued the two at Rs 1,078.48 crore.
Natco Pharma: The company has received a favorable judgment in the Chlorantraniliprole case. The Delhi High Court has dismissed an appeal filed by FMC Corporation, FMC Singapore and FMC India, and has upheld the Single Judge’s decision that Natco Chlorantraniliprole (CTPR) process infringes FMC’s Indian Patent 298645 does not
Dreamfolks Services: Largest airport service aggregator signs strategic partnership with Vidsure Golf to provide access to golf courses to customers in India and Asia Pacific.
Go Fashion India: Sequoia Capital India sold Go Fashion shares worth Rs 228 crore. Canara Robeco Mutual Fund Account Canara Robeco Small Cap Fund bought 3.2 lakh shares in the company at an average price of Rs 1,140 per share through open market transactions, valuing Rs 36.48 crore. However, Sequoia Capital India Investments IV sold 20 lakh shares at an average price of Rs 1,140.14 per share, valuing Rs 228.02 crore.
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