New Delhi: Here is a list of stocks that may remain in focus on Tuesday:
Reliance IndustriesReliance Industries-owned Viacom18 likely to carry on with digital streaming rights Indian Premier League (IPL) matches on a steep 50 crores per match against the floor price 33 crores set by BCCI.
Mahindra & MahindraAuto major is seeking approval from the National Company Law Tribunal for the merger of Mahindra Electric Mobility Limited with itself. The value chain required for end-to-end EV development, manufacturing and sales currently stretches between M&M and MEML and needs to be consolidated, the company said.
zomatoThe government has asked online food business operators like Zomato to submit a proposal within 15 days to improve their consumer grievance redressal mechanism amid rising customer complaints.
Srei Equipment FinanceSaid that its administrator has received a report from the transaction auditor some fraudulent transactions Over value in FY20 and FY21 3,025 crore on Srei Group. In October last year, the Reserve Bank superseded the boards of Srei Infrastructure Finance Ltd and its wholly owned subsidiary, Srei Equipment Finance Ltd.
uflexA promoter unit of packaging solutions provider Uflex Ltd on Monday bought the company’s shares at Rs. 21 crore through an open market transaction. As per the block deal data available with the National Stock Exchange (NSE), Flex International Private Limited bought an average of 3,65,000 shares from Montaz Enterprises. 585 each, Evaluation of Transaction Size 21.35 crores.
Zydus Lifesciences: of the company 750 crore share buyback offer will start from 23rd June and will close on 6th July. The pharmaceutical firm, formerly known as Cadila Healthcare, has fixed July 15 as the last date for disposal of bids. The Board has approved the proposal to buy back 1.15 crore shares, representing up to 1.13% of the total paid-up equity share capital of the Company.
Infosys: Setting up four new offices in Tier II cities to be closer to the available talent pool. Many young employees in the IT sector were recruited from Tier II cities. Around 60% of them have gone back to their hometowns and this has opened up an opportunity to attract talent from across the country.
Tata Steel: has unveiled a £7 million investment plan for its Hartlepool tube mill in north-east England, which the Indian steel major says will cut carbon emissions, improve efficiencies and strengthen its UK business to reduce the cost.
torrent power: Completed acquisition of 50 MW solar power plant from Skypower Group in Telangana. The enterprise value for this acquisition is 416 crores. The long-term power purchase agreement (PPA) for the project is with the Northern Electricity Distribution Company of Telangana (NPDCTL) at a fixed tariff for a period of about 25 years. 5.35 per kWh, with a remaining useful life of about 20 years.
Ather IndustriesSBI Mutual Fund acquired an additional 3.23 lakh equity shares in the company through open market transactions. With this, its stake in the company stands at 5.17%, as against 4.92% earlier.