Stocks that will see action today—May 18, 2023

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Orchid Pharma On Wednesday he said so The exchanges began to freeze the shares of their promoters due to the company’s failure to comply SEBIMinimum rules for public contribution during the specified time period. The company stated that in its efforts to maintain a minimum public shareholding of 25 per cent of the total shareholding, Dhanuka Laboratories made it an offer to sell representing 8.04 per cent of the shares in 2021. After the offer of sale, the holding promoter added that 89.96 per cent of the shares. shares, bringing the public shareholding percentage to 10.04 percent within 18 months from the date of acquisition of the company.

Vedant Fashions Ltd (VFL), which owns ethnic clothing brand Manyavar, said on Wednesday that one of its promoters plans to sell up to 7 per cent stake in the company for at least Rs 1,962 crore. VFL promoter Ravi Modi Family Trust proposes to sell up to Rs 1.69 crore shares, which is 7 per cent of the company’s total issued and paid-up share capital, according to a regulatory filing. The minimum bid price is $1,161 per share.

Lemon Tree Hotels signed a licensing agreement for an 82-room property in Lucknow, Uttar Pradesh, under the company’s brand ‘Lemon Tree Premier’. This property is expected to be commissioned by August 2026. Its subsidiary, Carnation Hotels, will operate this property.

Also read: Intraday trading guide for May 18, 2023

JSW Steel The preferred bid has been announced for the composite license for an undiscovered iron ore mine – the Surjagad iron ore block 4 – in the Gadchiroli district of Maharashtra.

Four entities on Wednesday settled a SEBI capital markets regulatory case related to alleged insider trading in shares of Poonawalla Fincorp Ltd, formerly known as Magma Fincorp Ltdafter paying INR 10.97 crore settlement fee.

the Reserve Bank of India Has given its approval to SBI Funds Management (SBIFML) for a share of up to 9.99 percent in HDFC Bankthe private sector lender said on Wednesday. In the exchange filing, HDFC Bank said approval was granted with reference to the application made by SBIFML to RBI.

board of directors Jindal stainless The company has agreed to raise funds of up to Rs. 5,000 crore or its equivalent in any freely convertible foreign currency.

Bricol Ltd he have Filed a preliminary objection against Minda Corporation Ltd.to the Competition Commission of India (CCI) to increase its stake in it. earlier this month, Minda Corporation It decided to approach CCI to increase its stake in Pricol up to 24.5 per cent after acquiring 15.7 per cent stake by buying over 1.91 crore shares of the latter from the open market on February 17.

Also read: Shares to buy today: HUDCO (INR 57.6)

Lancore Holdings LimitedSahana’s two new projects – Sahana on Burkett Road and Hiranmay on Bazullah Road – have received all required permits and penalties, and are awaiting RERA approval.

Evaluating the results: Arvind, Autoline Industries, Axtel Industries, Bata India, Century Enka, Chemfab Alkalis, Clean Science & Technology, Concor, Divgi Torqtransfer, LT Foods, GAIL, GG Automotive, Gland Pharma, GNFC, GR Infraprojects, Gulf Oil, HCC, Hindustan Foods , HOCL, HT Media, IG Petrochemicals, Indigo, ITC, Jet Airways, KIMS, Likitha Infrastrcture, Man Industries, PI INdustries, PNB Housing, PSP Projects, Ramco Cement, RITES, Shalby, SMC Global, State Bank of India, Sumitomo Chemical Syrma SGS, Tasty Bites, Tata Elxsi, TCI, Thomas Cook, Tree House, Ujjivan Financial, United Spirits, Universal Cables, Uno Minda, Zydus Lifesciences