Consumer Products Tata: Tata consumer product board will meet on March 29 to consider raising funds through preferential stock sales. Tata Group companies plan to issue preferential shares which are equivalent to 1.5% of equity capital deposited to foreign buyers.
Axis Bank: Sebi Rs 5 Lakh Penalty Rate on the Bank’s axis for Flouling Merchant Banking Rules (MB). This comes from the period between August 2016 and August 2019.
Zomato: Costefit drug revenue supported by Zomato shrank 67% to RS 161 Crore at FY21 from RS 496 Crore at FY20. The company posted a loss of RS 671 Crore at FY21, the Entrackr website reported.
Power Transmission Kalpataru: SBI Fund Management Acquired 14.5 Equity Stocks in EPC Companies through Open Market Transactions on March 23. With this, the ownership of its shares in the company reached 7.25 percent, up from 6.27 percent earlier.
Shally Engineering: Shally Engineering sees a large block transaction. Shandiy Plastic Engineering: India Lighthouse III Equity Investor Ltd. & PACS bought 2.48 percent in the company through open market transactions on March 24. With this, their share ownership in the company reached 9.62 percent earlier.
Kohinoor Foods: Kohinoor Food Board approved the sale of the factory. Kohinoor Food: The Board has approved the sale of the company’s factory unit in Sonepath (Haryana), by the sale, and appointment of Chashu Arora, a rental accountant, as a CFO company.
Mahindra Bank Box: Bank Box Mahindra saw a large block deal. Mahindra Bank Box: California University Regent bought 1.12.27.404 Equity shares in the private sector lenders through open market transactions at an average price of 1,699.05 per share, however, the Canadian Pension Program Investment Council for sale Bank at an average price of 1,700 , 10 per share.
Exide Industries: Exide Industries Arm Chloride Metals start commercial production in Haldia facilities. Exide Industries: Chloride subsidiaries have started commercial production at the new green field manufacturing facilities set from recycling batteries in Haldia, West Bengal. The recycling plant is equipped with modern advanced technology with the help of global engineering companies, Engitec Technologies S.P.A. Italy. The total installed plants are 108,000 MT per year.
Gulshan Polyols: Gulshan Polyols raised Rs 79 Crore via QIP. Gulshan Polyols: The company has collected Rs 78.87 Crore through the QIP problem because the council has approved a share of 24.16,000 equity shares for QIB which qualifies with the problem price of Rs 326.48 per equity share.
Lumax Auto Technologies: State-Owned Company IFCI has approved the Lumax application submitted under the production scheme related to incentives (PLI) for the automatic and automatic component industry (pli-auto).
ZEN Technologies: Zen Tech gets orders from Indian soldiers. The company has received project sanctions commands (PSO) of the Indian Army, for design and developing integrated air defense combat simulator prototypes (IADCS). The prototype must be prepared for the readiness review of the user trial (UTRR) within 30 weeks.
Mahindra & Mahindra: NCLT approved the merging of M & M and its subsidiaries. The National Company Lawy Court has approved a mergger scheme with the absorption of Mahindra’s engineering and chemical products, retail holdings and Mahindra Retail initiatives, with Mahindra and Mahindra.
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