Market Commentary - Stock Alert
RIL, Muthoot Microfin, Motisons Jewellers, Suraj Estate Developers in focus As on : 26-Dec-23  08:57

Reliance Industries (RIL): RIL and Walt Disney have reportedly signed a non-binding term sheet to merge their Indian media operations. Under the merger, RIL would own 51% through a combination of shares and cash, with Disney holding the remaining 49%.

Muthoot Microfin: Shares of the company will list on the BSE and NSE today, 26 December 2023. The issue price is Rs. 291 per share.

Motisons Jewellers: Shares of the company will debut on the bourses today. The issue price is Rs. 55 per share.

Suraj Estate Developers: Stocks of the company will debut on the bourses today, 26 December 2023. The issue price is Rs. 360 per share.

Godrej Properties: Godrej Properties announced that it has sold over 600 homes valued at Rs 2,600 crore during the launch of its project, Godrej Aristocrat, in Gurugram. This represents the highest sales value achieved during a launch for the Mumbai-based real estate developer.

UPL: The pesticides maker on Friday announced that its board has approved the proposal for raising up to Rs 4,200 crore through rights issue of equity shares.

PNB: The PSU bank?s board will consider fund raising on Thursday, 28 December 2023.

PNC lnfratech: PNC lnfratech informed that it's wholly owned subsidiary, Prayagraj Kaushambi Highway Package 3 has achieved financial closure for a hybrid annuity mode (HAM) project in Uttar Pradesh from National Highways Division, UPPWD, Prayagraj.

Rites: The civil construction company announced that it has signed a memorandum of understanding (MoU) with North Eastern Electric Power Corporation (NEEPCO) to collaborate on consultancy works.

Zydus Lifesciences: The dug maker?s API site situated at Changodar in Ahmedabad was inspected by the US drug regulator from 14 December 2023 to 22 December 2023. The PAI-cum-GMP (pre- approval inspection-cum-good manufacturing practices) inspection was closed with six observations.

Talbros Automotive Components (TACL): TACL announced that its board has approved the divestment of its entire 40% stake in its joint venture company, Nippon Leakless Talbros.

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