Market Commentary - Stock Alert
Vedanta, Nestle India, Sun Pharma, Apollo Tyres in spotlight As on : 19-Dec-23  08:56

Vedanta: The board of directors of the company has approved the second interim dividend of Rs 11 per share for the financial year 2023-24. The record date for the purpose of payment of dividend is 27 December 2023.

Nestle India: The company has fixed 5 January 2024 as the record date for determining entitlement of equity shareholders for the purpose of sub-division of equity shares of the company such that 1 equity share having face value of Rs 10 each will be subdivided into 10 equity shares having face value of Re. 1 each.

Sun Pharmaceutical Industries: The company has entered into agreement to acquire about stake 16.7% shares on fully diluted basis, in Lyndra Therapeutics, Inc., a company based in Massachusetts, engaged in the business of developing novel delivery technology for long-acting oral (LAO) therapies.

PNC Infra: The civil construction company announced that it has been declared as L1 (first lowest) bidder for a highway project in Madhya Pradesh, for a bid project cost of Rs 1,174 crore.

Apollo Tyres: White Iris Investment, a foreign portfolio investor, is reportedly likely to offload 3% equity in Apollo Tyres via a block deal. The floor price for the block deal is likely to be Rs 440 per share, as per reports.

DCW: The operations at the company's plant located at Arumuganeri P.O., Sahupuram, Tamil Nadu have been temporarily suspended owing to flooding and water logging at the factory premises caused by heavy rains since 17 December 2023.

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