Stocks that will see action today: June 9, 2023

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The Canada Pension Plan Investment Board will sell 3.3 crore shares or 1.66 per cent of the shares Kotak Mahindra Bank in a syndicated deal on Friday with a total transaction value of Rs.6,225.5 crore. The share sale was priced at $1792.18-1886.50 a share.

board of directors Hindustan Aeronautics It will meet on June 27 to consider proposing a subdivision of the company’s shares. Also earlier in 2021, the company decided to split the shares of the company, when the price was hovering around INR 1,300. However, the Board deferred the proposal on September 21, 2021.

Seat Limited has entered into Fifth Addendum Agreement to the existing Contributions and Shareholders Agreement with Tyresnmore Online Private Limited and other parties, to make additional investment of up to ₹9 crore in Tyresnmore on these Terms and Conditions as provided herein for an additional 10.89% of the total diluted share capital. Completely post-release for Tyresnmore. Upon completion of the above investment, Tyresnmore shall become a subsidiary of CEAT Limited and CEAT Limited’s total holding in Tyresnmore on a fully diluted basis will be 56.9%. Tyresnmore is in the business of selling automotive tires and accessories and/or providing installation, installation, wheel balancing, and tire alignment services.

Gail India The exchanges reported that they have issued payments to all stakeholders in JBF Petrochemicals pursuant to the NCLT order. The Corporate Insolvency Resolution Process (CIRP) will be completed within 15 months. GAIL has already injected a total settlement plan amount of Rs. 2,101 crore, thus acquiring 100% stake in JBF Petrochemicals. GAIL has been adjudged a successful Decision applicant and an NCLT vide order dated March 13, 2023, JBF Petrochemicals Ltd.’s GAIL Decision Scheme has been approved to execute. petrochemical portfolio. GAIL is looking forward to reviving the business operations of JBFPL and is committed to transforming it into a thriving manufacturing entity.

Biocon The exchanges have reported that the Active Pharmaceutical Ingredient (API) manufacturing facility in Bengaluru has received a GMP (Good Manufacturing Practice) compliance certificate from the relevant authority in Germany. The facility passed EU Good Manufacturing Practices inspection in February 2023.

Tata energyTata Power Renewable Energy subsidiary Tata Power Renewable Energy through its subsidiary TP Vardhaman Surya Ltd has been awarded the contract to construct 966MW round-the-clock hybrid renewable energy projects for Tata Steel. The project has a hybrid renewable energy capacity of 379 megawatts from solar power and 587 megawatts from wind power. Tata Steel will invest 26 per cent equity in the said project. The project will be commissioned by June 1, 2025, according to the arrangement.

CCL Products (India) Limited (CCL) acquired Percool, Rocket Fuel, Plantation Wharf, The London Blend, Percool Fusion and Percool Fusion from Food Brands Group, a subsidiary of the Lofberg Group. The agreement accelerates CCL’s strategy to expand manufacturing and distribution of FMCG products globally. The acquisition will give CCL access to supermarkets in the UK, which is the largest instant coffee market in Europe with annual retail sales of $850 million (Rs. 6,918,700 crore).

Indian Hotels Company Limited (IHCL) said on Thursday that it has signed its first hotel in Kumbhalgarh, Rajasthan, under the SeleQtions brand. IHCL said in a statement that this 176-key, 11-acre property is a conversion and will be rebranded as the IHCL Hotel – SeleQtions after extensive renovations.

Zydus Life Sciences On Thursday, it said it had received approval from the US health watchdog to market a generic drug used to treat certain stomach and esophageal problems. The drug manufacturer said in a statement that the company has received approval from the U.S. Food and Drug Administration to market Esomeprazole Magnesium Delayed Delayed Oral Suspension in 20 mg and 40 mg tablets in the U.S. market.

Aether Industries has signed a licensing agreement with Saudi Aramco Technologies to commercialize sustainable conjugated polyols technology. The agreement officially kicks off Aether’s activities toward manufacturing and marketing the Aether product line of the Converge polyols, the manufacturing process jointly developed and validated on a pre-commercial scale by Aramco and Atheer. The agreement also embodies the following set of important milestones.

NHDC Limited (a subsidiary of NHPC Ltd.) A water pump storage site has been allocated at Village Narmada Nagar, Punasa, Dist. Khandwa, Madhya Pradesh with an estimated storage capacity of 525MW x 6H, by the New and Renewable Energy Administration, Govt. Madhya Pradesh

Capacit’e Infraprojects Ltd It announced its plan to raise ₹96.30 crore through a preferential issuance of equity shares, subject to the approval of the shareholders. The funds raised will be used to support the company’s long-term working capital requirements. Capacit’e Infraprojects has secured investment proposals from respected investors, including Param Value Investments, Vikas Khemani and Capri Global Holding Private Limited.

TCM Ltd Received the work order from the Agency for New and Renewable Energy Research and Technology (ANERT), Department of Energy, Government of Kerala.