Domestic equities are expected to open a tad lower on Wednesday, August 21. At 07:53 AM, the GIFT Nifty futures were trading 11.50 points, or 0.05% lower at 24,689.50 levels.
Here's a list of stocks that may remain in focus today.
Zomato: Alibaba Group's Antfin Singapore sold shares worth ₹4,772 crore ($570 million) in
Zomato on Tuesday, cutting its stake by nearly half in the food and grocery delivery platform to 2.2%, exchange data showed.
Antfin, which had a 4.3% stake in Zomato as of June 30, sold the shares in two separate block deals at ₹257.46 and ₹257.17 per share, both at a discount to the day's closing price of ₹263.12.
Cyient: The IT firm said on August 20 that its board has approved the sale of a 14.5% stake in subsidiary Cyient DLM through a block deal. The floor price is likely to be set at ₹748.65 per share, a 5% discount to its closing price on the NSE.
Genus Power:
Genus Power Infrastructures announced that its wholly-owned subsidiary has received three Letter of Awards (LOA) worth ₹3,608.52 crore (net of taxes) for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs), including the design of the Advance Metering Infrastructure (AMI) system with supply, installation, and commissioning with an FMS of about 4.26 million Smart Prepaid Meters, system meters including DT Meters, and corresponding energy accounting on a DBFOOT basis.
Exide Industries: According to an exchange filing, the company invested approximately ₹75 crore in a wholly-owned subsidiary to set up a greenfield plant in Bengaluru. The investment was through a subscription in the equity share capital of Exide Energy Solutions Ltd. on a rights basis.
Zaggle Prepaid Ocean Services: As per news reports, Zuzu Software Services sold a 4% stake in the company via the open market on Monday.
Petronet LNG: The company said in its exchange filing that
Petronet LNG has entered into a memorandum of understanding (MoU) with LTL Holdings Limited (LTL) of Sri Lanka on August 20, 2024, at Colombo, Sri Lanka, for the supply of LNG to LTL’s dual-fuelled power plant(s) in Kerawalapitiya, Colombo.
Both parties, through this MoU, have agreed to develop the LNG supply chain from PLL’s LNG terminal in Kochi to LTL’s power plant(s) in Kerawalapitiya, Colombo, in a time-bound manner.
Sansera Engineering: The company's board has approved raising funds of up to ₹1,200 crore in one or more tranches by issue of equity shares and/or any other instruments.
Dhanuka Agritech: The company said in its exchange filing that its board has approved a buyback of its fully paid-up equity shares through the tender offer route in its meeting held on August 2, 2024.
Dhanuka Agritech proposes to buy back 5,00,000 equity shares with a face value of ₹2 each for a consideration of ₹2,000 per equity share for an aggregate amount of up to ₹100 crore.
Dr Reddy's: Dr. Reddy's Laboratories and Aurigene Pharmaceutical Services have announced that they have signed a non-binding memorandum of understanding (MoU) with Kainomyx, Inc. for the development and commercialisation of affordable anti-malarial drugs in the US, Europe, and low- and middle-income countries.
The MoU remains subject to the signing of a definitive agreement. Malaria is a serious health challenge that has a disproportionate prevalence in vulnerable populations in low-income countries.
PI Industries: The company, via its exchange filing, said that the UK Companies Court has approved the acquisition of Plant Health Care for £32.8 million.
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