Vedanta Share price: Stocks in the news: Vedanta, Lupine, Raymond, Sterlite Tech and Ruchi Soya

Nifty futures on the Singapore Exchange traded 106.5 points, or 0.61 per cent lower at 17,430, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade:

Seeing: The mining giant’s board has approved a proposal to source 580 MW of green energy for its operations across India. The company said a power delivery agreement has been signed with the Sterlite Power Technologies.

Lupine: The pharma major said the USFDA has issued 13 observations to its US-based wholly-owned subsidiary Novel Laboratories, Inc. after an inspection.

Adani Enterprises: The Adani Group’s flagship firm said it has received a letter of award from NHAI to develop a section of National Highway 48 under the government’s Bharatmala Pariyojana.

ONGC: The state run exploration firm, which opened seven out of India’s eight oil and gas producing basins, is on the way to open another basin, Vindhyan as it details out commercialization of a gas discovery in Madhya Pradesh.

Raymond: The National Company Law Tribunal has approved the scheme of transfer of Raymond Apparel business to the textile major. In September 2021, Raymond’s board had approved demerging the B2C business, including apparels, of Raymond Apparel, on a going concern basis to merge with the company itself.

HDFC Asset Management Company: Life Insurance Corporation of India acquired 2.02 per cent stake in the mutual funds player via open market transactions. With this, its shareholding in the company stands at 7.02 per cent, which was 5 per cent earlier.

Sterlite Technologies: The tech player has signed the final agreement to sell its 64.98 per cent stake in Maharashtra Transmission Communication Infrastructure. Total consideration of Rs 43 crore agreed to be received in multiple tranches.

Ruchi Soya: Patanjali Ayurved-owned oil maker fixed the issue price of its follow-on public offer at the upper limit of its price band at Rs 650 per equity share to raise Rs 4,300 crore. Ruchi Soya hit the capital market with its FPO on March 24 to raise Rs 4,300 crore as it aims to become a debt-free company.

Hindustan Zinc: The mining firm said it will invest Rs 350 crore to develop up to 200 megawatts (MW) of renewable energy capacity through a special purpose vehicle. The project will be built under group captive norms on Build-Own-Operate (BOO) basis through a special purpose vehicle.

NBCC: Aggrieved homebuyers of the construction firm’s Gurugram project ‘Green View’ project, which has been declared unsafe, demanded a refund of their money as well as compensation from the state-owned firm for the “harassment” faced by them.

Exide Industries: The consumer durables player announced an investment of Rs 6,000 crore in Karnataka. This is for setting up one of the largest giga factories for advanced cell chemistry technology.

HG Infra Engineering:
A subsidiary of the infra player- Gurgaon Sohna Highway Private Limited- has received the provisional certificate for the project in Haryana.

NCC: The civil construction firm along with other shareholders of NCC Vizag Urban Infrastructure has entered into a Share Purchase Agreement with GRPL Housing Private Limited (Gardencity Realty Group, Bangaluru) to sell their entire shareholding in NCCVUL to GRPL.

Swan Energy: The emerging green energy player said it has approved the allotment of over 1.96 crore shares for about Rs 318 crore to promoter group and non-promoters on preferential basis.

SJVN: The state run utility player said it has incorporated a new subsidiary for executing renewable projects. The new subsidiary, SJVN Green Energy (SGEL) shall work in the verticals of power generation from renewable sources.

Future Retail: The debt-ridden firm’s CEO Sadashiv Nayak has resigned from the post seven months after his appointment, according to a filing. Future Group CEO Kishore Biyani has been re-appointed as executive chairman of the company for three years.


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