The last day of fiscal year 2021-22 proved to be a volatile day for the market as the Nifty50 closed with moderate losses but defended 17,450 levels. On a positive note, however, FIIs played a supporting role after a long time as they bought over Rs 3,000 crore worth of shares in the cash segment on the day of the F&O expiration.
Vedanta
Billionaire Anil Agarwal’s company has secured certain long-term power protection agreements for green and renewable energy (RE) for Hindustan Zinc, Bharat Aluminum Company and Vedanta (Jharsuguda Aluminum Operations) through internal energy projects. These projects will be created through special purpose vehicles (SPVs) for each entity.
Nuvoco Vistas Corporation
The company has timely paid the redemption amount and interest for its non-convertible bonds of Rs 400 crore.
Sterlite Technologies
The company has signed the definitive agreement to sell its 64.98% stake in Maharashtra Transmission Communication Infrastructure (MTCIL). Total fee of Rs 43 crore agreed to be received in multiple installments.
Ruchi Soya Industries
The board of directors has approved the issue price of Rs 650 per share share for its follow-up public offer.
NCC
The company, along with other shareholders of NCC Vizag Urban Infrastructure (NCCVUL), has entered into a share purchase agreement with GRPL Housing Private Limited (Gardencity Realty Group, Bangaluru) to sell their entire stake in NCCVUL to GRPL.
HG Infrastructure technology
Subsidiary Gurgaon Sohna Highway Private Limited has received the preliminary certificate for the project in Haryana.
HDFC Asset Management Company
Life Insurance Corporation of India acquired a 2.02 percent stake in the company through open market operations. This puts the stake in the company at 7.02 percent, compared to 5 percent earlier.
Future Retail
The debt-ridden CEO of Future Retail Ltd, Sadashiv Nayak, has resigned from the position seven months after his appointment, according to a filing. Kishore Biyani, CEO of Future Group, has been reappointed as the company’s executive chairman for three years, a regulatory filing said Thursday.
ONGC, Reliance Industries
The government on Thursday more than doubled the price of natural gas used to produce electricity, make fertilizer, converted to CNG and piped into domestic kitchens for cooking, following a spike in global energy prices. . The price of gas produced from old regulated fields, such as the country’s largest Bassein gas field or ONGC, will rise to a record high of $6.10 per million British thermal unit (mmBtu) from the current $2.90 per mmBtu, according to the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry.
Hero MotoCorp
The Income Tax Department has found alleged illegal business expenses of more than Rs 800 crore, Rs 60 crore of “unaccounted for” cash used to buy land in Delhi and the role of some empty businesses after it attacked Hero Motocorp and two other groups robberies, officials said Thursday.
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