Market Commentary - Stock Alert
Coal India, HDFC Life, LTIMindtree in focus As on : 01-Jun-23  08:27

Coal India: The government will sell 18.49 crore shares of Coal India, representing 3% of the entire shareholding of the company, through an offer for sale. The floor price for the OFS has been pegged at Rs 225 per share. The OFS will open for non-retail investors on June 1. Retail investors and non-retail investors, who choose to carry forward their bids, can participate in the issue on June 2.

HDFC Life Insurance Company: abrdn (Mauritius Holdings) 2006 (abrdn), one of the promoters of the company, has intimated that it has undertaken a sale of 3,56,94,105 equity shares (representing approximately 1.66% stake) on 31 May 2023, to various investors through the screen based trading system of the stock exchanges at an average price of Rs. 570.60 per equity share (including brokerage and commission).

LTIMindtree: CRISIL, a credit rating agency has, re-affirmed its ' CRISIL AAA/Stable/CRISIL Al+ ' ratings on the bank facilities of the company.

Laurus Labs: Laurus Labs announced that it has signed definitive agreements to acquire additional stake of 7.24% in Immunoadoptive Cell Therapy Private Limited (lmmunoACT), an advanced cell and gene therapy company for a cash consideration of Rs.80 crore. Post the completion of the deal, Laurus Labs' stake in ImmunoACT will increase to 33.86% (on fully diluted basis).

Goldstone Technologies (GTL): GTL is partnering with Quantron AG, a German e-mobility major, to establish a Joint Venture to address the high potential Fleet Management market, valued at around $70 Bn/INR 5.8 Lakh crores by 2032.

MIC Electronics: The company has received Letter of Acceptance from Secunderabad Railway Division of South-Central Railway Zone. The aggregate value of the Work-Order is Rs. 3.95 crore.

Powered by Capital Market - Live News