Market Commentary - Stock Alert
Kotak Bank, Asian Paints, ICICI Securities, RVNL in focus As on : 26-Jun-23  08:23

Kotak Mahindra Bank: The private lender on Friday announced that it has allotted 1,89,500 non-convertible debentures (NCDs) having a face value of Rs 1 lakh each aggregating to Rs 1,895 crore, on private placement basis.

Asian Paints: The company has acquired further 11% of the equity share capital of White Teak for a consideration of Rs. 54 crores (approx.) from the promoters of White Teak. Asian Paints now holds 60% of equity share capital of White Teak, by virtue of which White Teak has become a subsidiary of the company.

Godrej Properties: The company has acquired approximately 15 acres of land in Gurugram, Haryana through an outright purchase, for the development of premium residential apartments.

ICICI Securities: The meeting of the board of directors of the company is scheduled on 29 June 2023 to consider and approve a proposal for delisting of equity shares of the company pursuant to a Scheme of Arrangement with ICICI Bank, listed holding company.

Rail Vikas Nigam (RVNL): RVNL emerged as the lowest bidder (L1) for a project from Maharashtra Metro Rail Corporation (MMRCL) worth Rs 394.89 crore.

Yes Bank: Yes Bank announced that its board has approved borrowing or raising funds in Indian or foreign currency up to an amount of Rs 2,500 crore by issue of debt securities.

AU Small Finance Bank: AU Small Finance Bank informed that its board is scheduled to meet on Thursday, 29 June 2023 to consider raising of funds by issue of equity shares and debt instruments.

Ipca Laboratories: The pharmaceutical company on Friday announced that the US drug regulator has issued Form 483, with eight observations after inspecting its Pithampur manufacturing facility in Madhya Pradesh.

Zydus Lifesciences: Zydus Animal Health and Investments, a wholly owned subsidiary of Zydus Lifesciences to acquire 6.5% stake in Mylab Discovery Solutions at a consideration of Rs 106 crore.

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