Globally, the US markets were mixed overnight ahead of the core PCE data, which will be out today. The Dow Jones, the S&P 500 indices gained up to 0.8 per cent, while Nasdaq Composite index remained unchanged.
Creditaccess Grameen: The company’s promoter Creditaccess India BV may sell up to 5.8 per cent stake worth Rs 1,107 crore in the company via block deal today, reported CNBC TV-18.
T DPower: The firm’s promoters & shareholders will likely sell 24.2 per cent stake worth Rs 800 crore in the company via another block deal, as per CNBC TV-18.
PowerGrid: The company has approved an aggregate investment of Rs 388.94 crore. It will invest in establishment of Telecom network for NTAMC at an estimated cost of Rs 164.38 crore, Western Region expansion scheme at an estimated cost of Rs 115.09 crore and ICT Augmentation at Navsari associated with integration of 7 GW RE power from Khavda RE park at an estimated cost of Rs 109.47.
63 Moons Technologies and MCX India: MCX has decided to extend the support services deal with existing software vendor, 63 Moons Technologies, for its trading and clearing platform, for six months with effect from July 1, 2023. The services cost is Rs 125 crore per quarter. READ
Aurobindo Pharma: As per Bloomberg, US FDA officials found multiple faults at the recent inspection of the company’s plant. Auditors uncovered “deficient” equipment cleaning and storage controls during a visit to its facility in Anakapalli, eastern India. Sampling tools weren’t cleaned and maintained to prevent contamination at the API plant.
Religare Enterprises: As per reports, Religare Enterprises is in early talks with private equity (PE) investors to sell 6-7 per cent of its subsidiary Care Health Insurance Ltd to raise as much as Rs 1,200 crore. The talks are said to be in the initial stage.
HDFC: The company acquired 612 equity shares of Xanadu Realty, representing 5.46 per cent of its paid-up equity share capital upon conversion of 938 compulsorily convertible debentures held by it in Xanadu. The shares are acquired at Rs 4,08,501 apiece, aggregating to a total consideration of Rs 25 crore.
Canara Bank: The public sector lender has received the board approval for its capital-raising plan for FY24, amounting up to Rs 7,500 crore, through debt Instruments. The bank will raise capital through Basel III compliant additional Tier I bonds to the extent of Rs 3,500 crore and additional Tier II bonds to the extent of Rs 4,000 crore during FY24.
Tata Chemicals: Life Insurance Corporation increased stake in the company from 5.06 per cent to 7.12 per cent.
Krsnaa Diagnostics: The company received LOA from National Health Mission, Assam for establishment, operation and maintenance of laboratory diagnostic centres for collection, transportation, analysis and reporting of laboratory samples from the Govt. Health Facilities in Assam on Public Private Partnership (PPP} basis.
GPT Infraprojects: The company has successfully commissioned its Concrete Sleeper factory in Eshiem, Takoradi, Ghana today with a capacity of 240,000 concrete sleepers per annum through its subsidiary RMS GPT Ghana Limited.