Market Commentary - Stock Alert
Avalon Technologies, Angel One, Jubilant FoodWorks in focus As on : 18-Apr-23  08:44

Avalon Technologies: Shares of the company will debut on the bourses today. The issue price is Rs 436 per share.

Angel One: The company's consolidated net profit rose 30.4% to Rs 267 crore on 26.9% rise in net revenue to Rs 644.2 crore in Q4 March 2023 over Q4 March 2022.

Jubilant FoodWorks: Hashtag Loyalty Private Limited (Hashtag), associate of Jubilant FoodWorks (Company) has entered into a Securities Subscription Agreement with Coca-Cola India (New Investor) pursuant to which the New Investor has acquired 15% stake (on a fully diluted basis) in Hashtag. Hashtag has raised the capital at a pre-money valuation of Rs. 104.68 crore.

IIFL Finance: The board of directors will meet on 26 April 2023 to consider issuance secured or unsecured redeemable non-convertible debentures, in one or more tranches on an annual basis through private placement.

Kolte-Patil Developers: The board of directors of the company approved allotment of 20,650 senior, secured, listed, rated, redeemable non-convertible debentures of face value Rs. 1,00,000/- each, on a private placement basis, aggregating to Rs. 206.50 crore to Marubeni Corporation, Japan.

Goa Carbon: The company's Bilaspur Unit, Sector B, Sirgitti Industrial Area, Bilaspur Chhattisgarh) has resumed. After preliminary heat up and commencement of feeding of raw material, normal production is likely to resume from 17 April 2023.

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