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5 min read | Updated on June 24, 2025, 08:06 IST
SUMMARY
Stocks to Watch: Dixon Technologies (India) promoter Sunil Vachani on Monday divested a 2.77% stake in the homegrown contract manufacturer for over ₹2,221 crore through an open market transaction.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 243 points higher. | Image: Shutterstock
According to the bulk deal data on the BSE, Sunil Vachani, Chairperson of Dixon, offloaded 16.70 lakh shares, or a 2.77% stake, in Noida-based Dixon Technologies.
The shares were disposed of at an average price of ₹13,301.47 apiece, taking the deal value to ₹2,221.34 crore.
The board of directors, at its meeting held on June 23, 2025, appointed Overly, an independent director since February 12, 2021, as the Chairman of the company, Sona BLW Precision Forgings Ltd (Sona Comstar), said in a regulatory filing.
His appointment comes after the death of the company's Chairman, Sunjay Kapur, last week.
The board also approved the designation of the late Sunjay Kapur as Chairman Emeritus, the filing said.
In a filing to BSE, the company said it "has listed India's first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India".
The company said it has raised ₹500 crore through non-convertible debentures (NCD) at a coupon rate of 6.35%.
"Brent crude futures fell $2.69 or 3.76% to $68.79 a barrel as of 0006 GMT, after falling more than 4% earlier in the session and touching its lowest level since June 11," said a Reuters report.
The DUPL-DPPL network, the name for the Dahej-Uran-Dabhol-Panvel natural gas pipeline network, currently has a capacity of 19.9 million standard cubic metres per day. This is being expanded to 22.5 mmscmd, GAIL said in a stock exchange filing.
GAIL said the pipeline capacity will be added in three years.
Reliance Infrastructure, in a regulatory filing, said the agreement has also resulted in a full settlement/discharge of the company's obligation as a guarantor for the said loan on behalf of JRTR.
YBL does not hold any shares in the company and is neither a related party nor part of the promoter group, it added.
The company, having a presence in the country with two brands – Colgate and Palmolive – currently operates in oral care and personal care and is in "active ongoing conversation" with the parent firm for expanding the portfolio.
The order size is ₹117.77 crore.
"The acquisition marks a key milestone in GTFL's global growth journey and reinforces its commitment to delivering innovation-led, high-performance solutions to customers worldwide," the company said.
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