nifty Futures trade on the Singapore Exchange rose 130 points, or 0.75 per cent, to 17,412, indicating that Dalal Street was headed for a positive start on Monday.
Reliance Industries (RIL)
Reliance Retail Ventures (RRVL), the retail venture of the Mukesh Ambani-led company, has acquired 89 per cent stake in Purple Panda Fashions, which owns and operates the Clovia business, for an investment of Rs 950 crore. Meanwhile, over the weekend, a senior company official said it may avoid buying Russian fuel for its plants following Western sanctions on Moscow over its invasion of Ukraine. RIL buys Ural crude and straight-run fuel oil for its refineries Russia,
maruti suzuki
Maruti Suzuki’s parent company Suzuki Motor plans to invest Rs 10,440 crore to set up a new electric car and battery factory in India. Maruti Suzuki, which sells one out of every two cars on Indian roads, is expected to introduce affordable EV models in both Japan and India in early 2025.
HDFC
Housing finance company, a subsidiary of HDFC Capital Advisors (HCAL), has entered into a share subscription agreement for acquisition of 3,90,666 equity shares of Loyalty IT-Solutions.
State Bank of India
The largest PSU lender has sold a dozen non-performing assets (NPAs) to recover loans worth over Rs 820 crore. State Bank Of Indianotifications of.
Jindal Steel and Power
The domestic steel major said its subsidiary in Mauritius has made prepayments of USD 357 million to lenders. The prepayment will help Jindal Steel & Power (Mauritius) repay the entire debt.
Ruchi Soya
The company has fixed a price band of Rs 615-650 for its follow-on public offering. The company plans to raise up to Rs 4,300 crore from the sale of shares to the public. The stock was last trading at Rs 1,004.45 on BSE.
Adani Group
The Gautam Adani-led group has reportedly held preliminary talks with Saudi Aramco and the country’s Public Investment Fund on possible collaborations and joint investment opportunities.
Future Retail
Lenders to Future Retail Ltd have abandoned plans to sue the company for the unapproved transfer of hundreds of its stores to Reliance Retail, and will instead enforce their rights through the Debt Recovery Tribunal and Bankruptcy Tribunal.
Aurobindo Pharma
Blackstone has emerged as the frontrunner to acquire the wholly owned injectable arm of Aurobindo Pharma, which has a turnover of Rs 26,000-30,000 crore ($3.4-4 billion), making it arguably the biggest deal in the space.
Ashok Leyland
Switch Mobility Ltd, the electric vehicle (EV) arm of Ashok Leyland Ltd, plans to raise $200-300 million in the coming months at a valuation “far above” the $1.6 billion it acquired from Dana Corp in July. Had a small investment. 2021. In the long run, Leyland will not reduce its stake to less than 51 percent to remain a majority shareholder.
FMCG
Fast moving consumer group companies are considering another round of price hikes to offset the impact of unprecedented levels of inflation in commodity prices such as wheat, palm oil and packaging materials.
Stocks in F&O Restrictions
Indiabulls Housing Finance is the only stock in the F&O ban period on Monday.
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