Buzzing Stocks : Quality Power, Cipla, Delta Corp, Kotak Bank, JM Financial, Berger Paints, Amara Raja Energy in focus on 21 February.
Berger Paints : The National Stock Exchange has decided to remove Berger Paints from the Futures & Options segment, effective April 25. Existing unexpired contracts for the expiry months of February, March, and April 2025 will continue to be available for trading until their respective expiry dates, and new strikes will also be introduced for the existing contract months.
Amara Raja Energy & Mobility : The National Stock Exchange has decided not to include Amara Raja Energy in the Futures & Options segment, effective February 28. The security has not fulfilled one of the eligibility criteria as of now, according to the NSE.
Cipla ; The company has received final approval from the United States Food and Drug Administration (USFDA) for its New Drug Application submitted for Nilotinib capsules (50 mg, 150 mg, and 200 mg). Nilotinib is used for the treatment of Philadelphia chromosome-positive chronic myeloid leukemia (CML). The product is expected to be launched in FY 2025-26 in the United States. Additionally, the USFDA conducted a current Good Manufacturing Practices (cGMP) inspection at the analytical testing facility of the company’s subsidiary Sitec Labs, in Navi Mumbai, from February 18-20, and concluded the inspection with two observations in Form 483.
Delta Corp : The company and its subsidiary Deltatech Gaming (DGL) have entered into agreements with Head Digital Works. As per the agreement, Head Digital will initially acquire 51% of the shareholding in DGL, and subsequently, DGL is proposed to be merged with Head Digital. After this transaction, the company will acquire approximately 5.7% stake in Head Digital, which operates the online gaming brand A23.
Mahindra and Mahindra ; The company will invest in its subsidiaries M&M Financial Services and Mahindra Lifespace Developers via a rights issue. On February 13, M&M Financial Services received approval from the Board to raise funds up to Rs 3,000 crore via a rights issue, and Mahindra Lifespace Developers up to Rs 1,500 crore via a rights issue.
Grindwell Norton : The Board has appointed Venugopal Shanbhag as the Managing Director of the company, effective April 1, as B Santhanam will retire as Managing Director of the company, effective March 31.
Keystone Realtors : The National Company Law Tribunal has sanctioned the Scheme of Amalgamation of Key Fortune Realtors with Keystone Realtors.
HG Infra Engineering : The company has transferred its 100% equity stake in its subsidiary Rewari Bypass to Highways Infrastructure Trust for Rs 133 crore.
Tanla Platforms : The company’s subsidiary, Karix Mobile, has incorporated PT Karix Communications Indonesia in Indonesia as its wholly owned subsidiary.
Samvardhana Motherson International ; The company has incorporated its subsidiary, Motherson Treasury Strategy, within the jurisdiction of the Abu Dhabi Global Market, United Arab Emirates.
ITI : The company has received a revised order from AMRCD, stipulating that ITI shall transfer its 22.258 acres of land at Electronic City, Bangalore, to C-DoT through a sale deed for Rs 200 crore. As per this revised order, the company has received an initial tranche of Rs 100 crore from C-DoT as part of the executed sale agreement between ITI and C-DoT. The balance of the consideration is expected to be received after completion of other statutory formalities by the company.
Kotak Mahindra Bank : The bank has appointed Vyomesh Kapasi as Head of Products for the Consumer Bank and Shahrukh Todiwala as the new MD & CEO of Kotak Mahindra Prime.
Thomas Cook : The omnichannel travel services company, along with its group company, SOTC Travel, announced collaboration with Fairfax Digital Services, LTIMindtree, and Voicing.AI to build India’s first multimodal, multi-lingual, agentic voice-enabled, GenAI advisor – Dhruv. This is designed to transform the business travel experience.
NTPC Green Energy : NTPC Green Energy has signed a Memorandum of Understanding with Bharat Light and Power to address the need for accelerating green energy objectives and the Government of India’s efforts towards a carbon-neutral economy.
JM Financial : The company has received an order from the Deputy Commissioner of Income Tax with respect to the assessment year 2008-09. As per the said order, the company will receive a tax refund worth Rs 230 crore.
Tata Steel : The company has acquired 191.08 crore ordinary equity shares of T Steel Holdings Pte (TSHP) for $300 million (Rs 2,603.16 crore). Following this acquisition, TSHP will continue to be a wholly owned subsidiary of the company.
Narayana Hrudayalaya : The company has laid the foundation stone for a 1,100-bed super-specialty hospital named Narayana Health City in Kolkata. The first phase, with 350 beds and an investment of Rs 900 crore, is expected to commence operations in FY 2028-29.
Central Depository Services (CDSL) : CDSL and National Securities Depository (NSDL) have launched unifying features in the investor apps of CDSL and NSDL. These features are considered a major step toward democratizing investor access to crucial financial data across Market Infrastructure Institutions (MIIs).
Gamco : The Board has approved the issue of 5 bonus shares for every 4 existing equity shares to the eligible equity shareholders of the company as of the record date.
Ind Swift : Anil Agrawal has been appointed as the Chief Operating Officer of the company, effective February 20.
Zen Technologies : The company has invested $10 million in Zen Technologies USA, Inc. Zen USA has allotted 71,42,857 shares of $1 each at a premium of $0.4 per share to the company.
Indian Overseas Bank : SEBI has issued an administrative warning letter to the bank due to the non-conduct of a nomination and remuneration committee meeting for FY24.
Rail Vikas Nigam : The company, in a consortium with HFCL and Aerial Telecom Solutions, has signed a Project Implementation Agency (PIA) agreement with Bharat Sanchar Nigam (BSNL).
Ganesh Infraworld : The company has received a turnkey contract worth Rs 129.8 crore for water management and civil works at various projects in Kolkata.
Indef Manufacturing : The company is set to debut on the BSE and NSE on February 21 following the Scheme of Arrangement.
Religare Enterprises : The Burman Group has acquired control of Religare Enterprises and has been designated as its promoters.
Isgec Heavy Engineering : Nippon India Small Cap Fund bought an additional 1.13% stake in Isgec at an average price of Rs 915 per share, valued at Rs 76.2 crore. However, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio exited Isgec by selling its entire 1.4% stake at an average price of Rs 915.49 per share, amounting to Rs 95.5 crore.
Sai Life Sciences : Small Cap World Fund Inc bought a 0.5% stake in the company at an average price of Rs 684.87 per share, valued at Rs 72.27 crore.
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