Business News Desk, Sensex and Nifty opened almost flat in early trade today on 17 September. Meanwhile, let’s take a look at those 10 stocks, which can see the most movement on the basis of news during today’s trading. These stocks include Indo Count Industries to Global Spirits.
1. Indo Count Industries
Its US subsidiary, Indo Count Global Inc., has acquired an 81% stake in Fluvitex in a deal with Masias Invest for $19.6 million. It also has an option to buy the remaining 19% for $4.6 million within the next 5 years.
2. TVS Holdings
The company has acquired 100% stake in its step-down subsidiary TVS Digital from its subsidiary TVS Motor Company. Post the acquisition, TVS Digital has become a wholly-owned subsidiary of the company.
3. Sandur Manganese & Iron Ore
The company has received approval from its board to raise up to Rs 1,000 crore in one or more tranches through Qualified Institutions Placement (QIP).
4. HEG
Gulshan Kumar Sakhuja has resigned from the post of Chief Finance Officer (CFO) of the company to pursue new opportunities outside the company. His last working day will be September 18.
5. Monarch Networth Capital
The board has appointed Govinda Meghani as the Chief Financial Officer (CFO) of the company with effect from September 16.
6. Firstsource Solutions
The company has announced a partnership with Microsoft Azure OpenAI for digital transformation offerings.
7. JK Tyre Industries
The company has received approval from its board to merge its subsidiary Cavendish Industries with itself. The company will issue 92 of its shares in exchange for every 100 shares of Cavendish Industries.
8. Reliance Infrastructure
The company announced that its board members will meet on September 19 to consider raising long-term resources from domestic and global markets through equity.
9. Global Spirits
The company launched its first single malt whisky under the DOAAB India Craft Whisky brand, entering the luxury segment of the growing whisky market in India.
10. India Shelter Finance Corporation
Foreign companies Nexus Ventures III sold 4.6% stake in India Shelter through a bulk deal at an average price of Rs 753.27 per share, while Nexus Opportunity Fund II sold 1.35% stake at an average price of Rs 752.35 per share. However, on the other hand ICICI Prudential Life Insurance Company, SBI Life Insurance Company and Goldman Sachs Funds – Goldman Sachs India Equity Portfolio acquired 2% stake each. Besides, Patronus Research LLP bought 0.57% stake in the company.
These 3 shares will be listed
Shares of PN Gadgil Jewelers will be listed on the exchanges through the mainboard today. Shares of Trafficsol ITS Technologies, SPP Polymers will be listed on the exchanges through the SME route.