Market Commentary - Stock Alert
LIC, MOIL, Allcargo Gati, Lupin to be watched As on : 22-Dec-23  08:59

Life Insurance Corporation of India (LIC): The Department of Economic Affairs, Ministry of Finance has decided in the public interest, to grant one-time exemption to Life Insurance Corporation of India to achieve 25% Minimum Public Shareholding (MPS) within 10 years from the date of listing i.e., till May 2032.

GMR Airports Infrastructure: GMR Airports Limited (GAL), a subsidiary of GMR Airports Infrastructure Limited, and NIIF (National Investment and Infrastructure Fund) entered into binding agreements for NIIF to invest up to INR 6.75 billion in GMR Visakhapatnam International Airport Limited (GVIAL), a special purpose vehicle to develop and operate the Bhogapuram International Airport.

Suven Pharma: The pharmaceutical company said that Himanshu Agarwal will replace Subba Rao Parupalli as the chief financial officer (CFO) of the company, effective from 2 January 2024.

MOIL: The company announced that production has crossed 16 lakh metric tonnes in calendar year 2023 till December 20. The company said this figure is 26% higher than the previous best achieved in 2019.

Allcargo Gati: The company has received approval from the board of directors for raising funds up to Rs 500 crore by way of issuance of Equity Shares or any other equity linked instruments or securities.

Lupin: LupinLife, the consumer healthcare business of Lupin announced the launch of Softovac Liquifibre, a 100% Ayurvedic liquid laxative. With this, the company enters the Indian liquid laxative market with this innovative product that is a formulation of Isabgol fibre in liquid form and natural actives such as Sonamukhi, Harad, Mulethi, Saunf, Amaltas and Gulab Dal.

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