Stocks in Focus;
Schaeffler India fixes Feb 9, 2022 as record date for stock split
Tata Power: Tata Power Renewable Energy commissioned two Solar Power projects of 50 MW each at Prayagraj, and Banda in Uttar Pradesh
Strides receives USFDA approval for Oseltamivir Phosphate for Oral Suspension
Maruti Suzuki launches All-New Celerio with S-CNG Technology
Dilip Buildcon Ltd receives completion certificate for project in Maharashtra
Rasandik Engineering Industries India Ltd launches Electric Auto
Tech Mahindra acquires Com Tec Co IT Ltd and invests in two Leading InsurTech Platforms
Indian Energy Exchange: The company has executed a Share Purchase Agreement by and between IEX, Indian Oil Corporation and Indian Gas Exchange, subsidiary of the IEX, for sale of 4.93% stake in IGX to IOCL consisting of 36,93,750 equity shares, having a face value of Rs. 10 each
Vikas Lifecare: The company’s lates acquisition Genesis Gas Solutions received orders totalling Rs 5.5 crore for supplying 40,800 natural gas meters, and for laying pipeline and commissioning of meter (last mile connectivity) from Aavantika Gas Limited, a joint venture of GAIL and Hindustan Petroleum under the Ministry of Petroleum and Natural Gas.
Cholamandalam Investment and Finance: The company has signed a Shareholders Agreement and a Share Purchase Agreement with Payswiff, its founders and other existing shareholders to make a strategic investment not exceeding Rs 450 crore. It will hold up to 72.12% of the equity capital of Payswiff on a fully diluted basis and Payswiff consequently will become a subsidiary of the company.
Dilip Buildcon: The construction of four lanes of Yavatmal to Wardha section of NH-361 in Maharashtra under NHDP Phase -IV on Hybrid Annuity mode has been completed.
PTC Industries: Allotment of 20 hectares of land by UPEIDA to company’s wholly owned subsidiary Aerolloy Technologies in the Lucknow node of the UP Defence Industrial Corridor. The Company intends to set up fully integrated material manufacturing capabilities of all exotic materials, including Titanium, Cobalt, and Nickle Superalloys, at this facility with the total peak manufacturing capacity of 5,000 tonnes per annum.
Aerolloy Technologies allotted 50 acres of land next to Brahmos facility, by UPEIDA
Nesco: The company will pursue process of voluntary liquidation of its wholly owned subsidiary Nesco Hospitality.
Bosch: The company has appointed Karin Gilges as the Chief Financial Officer
