Market Commentary - Stock Alert
Zaggle Prepaid, Samhi Hotels, Vedanta, Glenmark Pharma in focus As on : 22-Sep-23  08:19

Zaggle Prepaid Ocean Services: Shares of the company will debut on the bourses today, 22 September 2023. The issue price is Rs 164 per share.

Samhi Hotels: Shares of the company will debut on the bourses today, 22 September 2023. The issue price is Rs 126 per share.

Infosys: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and Nigeria's Guaranty Trust Bank (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc, announced that Guaranty Trust Bank has selected the Finacle Digital Banking Suite for its multi-country digital transformation program.

Vedanta: The company approved for raising on a private placement basis upto 2,50,000 nos. Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures ('NCDs') of face value Rs 1,00,000/- each aggregating upto Rs 2,500 crores in one or more tranche(s).

Glenmark Pharmaceuticals: Glenmark Pharmaceuticals has entered into a definitive agreement with Nirma to divest 75% stake in its subsidiary, Glenmark Life Sciences Limited (GLS), at a price of Rs 615 per share for an aggregate consideration of Rs 5651.5 crore. Glenmark Pharma will own 7.84% in GLS after the divestment.

NBCC (India): NBCC was awarded order for construction of various development work at township and mines of Bhilai steel plant, from SAIL. The value of the order is Rs 100 crore.

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