Stocks to watch on Wednesday, August 30: GIFT Nifty on the NSE IX was up 22.5 points, or 0.12 percent, at 19,533.5, indicating that Dalal Street was off to a positive start on Wednesday. Here you will find a whole range of stocks that will be in the spotlight today for various reasons.
Sea Entertainment: According to reports, the Securities Appellate Tribunal (SAT) is likely to hear the plea of Punit Goenka, former director and CEO of Zee Entertainment Enterprises, against the affirmative order issued by the Securities and Exchange Board of India (Sebi) on Wednesday.
On 14 August, Sebi in his affirmative order had barred Punit Goenka and his father Subhash Chandra from holding any major executive position in any public company or Zee group entity until further notice.
Zomato: After Tiger Global, the SoftBank Vision Growth Fund is likely to transfer 100 million shares of online food delivery platform Zomato in a block deal on Wednesday, reports show. The size of the deal could reach Rs 940 crore.
Bharti Airtel: Billionaire Sunil Mittal’s backed telecom service provider Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, plans to raise 800 billion Ugandan shillings (UGX) or $216 million in an initial public offering (IPO), it said in a statement Tuesday.
Maruti Suzuki: Maruti Suzuki India expects to invest around Rs 45,000 crore to double production capacity to 4 million units per annum over the next eight years, company chairman RC Bhargava said at the company’s general meeting on Tuesday.
TVS Supply Chain Solutions: The Board of Directors on Tuesday approved the appointment of R Dinesh, Executive Vice Chairman, as Chairman (in an executive capacity) of the company with immediate effect. It has also approved the appointment of K. Ananth Krishnan and Narayan K Seshadri as independent directors.
The Board also approved the termination of the position of chairman and independent director of S. Mahalingam and the resignation of S. Ravichandran as non-executive director.
Suzlon: Due to the devastating impact of the global Covid-19 pandemic and the resulting disruption to the global supply chain, Suzlon Energy has decided to scale down the 285 MW wind power project, which was awarded in May 2018, to 168 MW . The project was located in Kutch, Gujarat.
she-wolf: Lupine Pharma Canada, a wholly owned subsidiary of Lupine Limited, has launched Propranolol LA (long acting) capsules, 60mg, 80mg, 120mg and 160mg in Canada.
Minda Corp: Minda Europe BV, The Netherlands, a non-operating wholly owned subsidiary, has been voluntarily closed. The company says it will have no impact on Minda Corporation Limited’s consolidated financial results.
Anupam Rasayan: Chemical producer Anupam Rasayan is about to acquire Austria’s ESIM Chemicals, reports show. Anupam Rasayan has signed an exclusivity agreement with ESIM Chemicals for a proposed acquisition.
ONGC: Oil and Natural Gas Corporation plans to invest Rs 2 trillion ($24.17 billion) in clean energy projects to meet its target of net zero carbon emissions by 2038.
Central Bank of India: The Central Bank of India has entered into a strategic partnership with IKF Home Finance Ltd to offer SME and residential loans at competitive rates.
Gulf Oil Lubricants: In an interview with a TV channel, Ravi Chawla, the general manager and CEO of Gulf Oil Lubricants said that the company wants to expand into the EV mobility segment in India and around the world. This comes after the Hinduja Group company announced on Monday that it has acquired a controlling stake in EV charger manufacturer Tirex Transmission for Rs 103 crore.
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