Market Commentary - Stock Alert
HCL Tech, R R Kabel, DCB Bank, Honasa Consumer in spotlight As on : 05-Dec-23  08:49

HCL Technologies: HCL Investments UK Limited, (HCL UK) a step-down wholly owned subsidiary of the company has entered into a Memorandum of Understanding with its Joint Venture (JV) partner, State Street International Holdings, a US corporation (State Street), pursuant to which HCL UK is entering into discussions to finalize modalities for State Street to exercise its right of Call Option in the JV and acquire HCL UK?s entire 49% equity stake in the JV that was formed in the year 2012 to provide business operations services.

R R Kabel: The Income Tax Department officials concluded their search operations at the offices and manufacturing units of the company in the early hours on 4th December 2023.

Honasa Consumer: Fireside Ventures is reportedly going to sell 61 lakh shares of Honasa Consumer in a block deal today, 5 December 2023.

JSW Infrastructure: JSW Dharamtar Port Private Limited (wholly owned subsidiary of company) has entered into share purchase and other relevant transaction documents for acquisition of 50% plus 1 shares of PNP Maritime Services Private Limited from SP Port Maintenance Private Limited (A Shapoorji Pallonji Group Company).

DCB Bank: The Board of Directors of the bank is scheduled on 08 December 2023 to consider and approve Aga Khan Fund for Economic Development (the Promoter) has expressed its interest to invest up to $10 million by subscribing to additional equity shares of the bank.

Brigade Enterprises: The company has entered into a Joint Development Agreement with Land Owners to develop a luxury residential project, spread over 4 acres at Kurubarahalli, Mysore. The developable area of the project will be about 0.40 million sq. ft. with a Gross Development Value (GDV) of Rs. 300 crore.

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