Stocks that will see action today: July 19, 2023

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Reliance Industries shares will now be ex-divided on July 20 for the separate offering. This means that today is the last day to buy shares of Reliance Industries to acquire shares of Jio Financial. Reliance shareholders will receive one share of Jio Financial. All of Reliance’s existing derivatives contracts will expire today and will be reintroduced tomorrow again to adjust for the dismissal, according to the NSE.

Industry and automotive supplier Schaeffler on Tuesday announced the appointment of Ashish Bhatia as President of the Automotive Manufacturer. In his role, Bhatia will be responsible for developing and implementing the OEM’s business strategy, with a focus on driving growth and ensuring its continued success, the company said in a statement.

Lemon Tree Hotels has announced its latest signing – Lemon Tree Hotel, Gomti Nagar, Lucknow. The property is expected to become operational by the third quarter of fiscal year 2026 and will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary and management arm of Lemon Tree Hotels Limited. The property will have 72 well-appointed rooms, banquet and meeting rooms, restaurant, bar, fitness center and other public areas.

State-run GAIL said on Tuesday it has partnered with US-based LanzaTech Global to explore setting up a pilot project to capture carbon dioxide and convert it into useful materials.

State Bank of India will set up a new trustee company as its wholly owned subsidiary to manage the Corporate Debt Market Development Fund (CDMDF). The trustee will act as a support facility for the purchase of investment grade corporate debt securities to instill confidence among participants in the corporate bond market during times of stress and to enhance secondary market liquidity in general by establishing a permanent institutional framework for activation in times of market stress.

Captain Pipes recently commissioned a new CPVC machine in Rajkot plant. This will increase its installed capacity by 1,100 tons per year and help expand the product range in CPVC pipes up to 100 mm (4 in) in diameter as per ASTM standards. In addition, the Company also completed commissioning of BIS-specification SWR Fittings in FY23. These two capacity additions will help the Company meet demand from the rapidly growing plumbing segment, and are expected to have a positive impact on sales volume of 15-20 percent. .

Ganesha Ecosphere informed the exchanges that it had received an insurance claim for the fire accident which took place in June 2021. In a disclosure to the exchanges, it said against the company’s claim of ₹30.09 crore, United India Insurance settled the claim by paying ₹25 crore.

CIE Automotive India has received an application from Mahindra and Mahindra Limited (Promoter) and Prudential Management and Services Private Limited (Promoter Group and PAC) to reclassify it to the Public category. The board agreed.

BL Kashyap and Sons has secured an order of Rs 369 crore. With this, the total order book of the company as of date is Rs. 3086 crore. The order is expected to be executed within 33 months.