Domestic equities are expected to open flat with a negative bias on Tuesday, August 27. At 07:58 AM, the GIFT Nifty futures, an early indicator of NIFTY50, were trading 13.50 points, or 0.05% lower at 25,029 levels.
In the overnight trade, US stocks ended at a record high on rate-cut hopes.
Here is a list of stocks that may remain in focus today.
GPT Infra: The infra company said its Fund Raising Committee has given its approval for a qualified institutional placement (QIP) to raise funds. The floor price for QIP has been set at ₹183.83 per equity share.
Gland Pharma: The company, via its exchange filing, said that Qiyu Chen hasn’t yet received the security clearance from the Ministry of Home Affairs, and consequently, he shall cease to continue as a director of the company with effect from August 30, 2024.
UltraTech Cement: The cement major said on Monday that it has successfully raised US$500 million through a sustainability-linked loan with participation from six banks. The transaction marks the second sustainability-linked financing raised by UltraTech, subsequent to its inaugural sustainability-linked bond issuance in 2021. This financing signifies UltraTech’s ongoing commitment to align its funding strategy with its sustainability and ESG goals.
KPI Green Energy: The company on Monday announced that M/s. Sun Drops Energia, a wholly-owned subsidiary of
KPI Green Energy, has received Letters of Intent for executing solar power projects with a cumulative capacity of 13.30 MW under
the ‘Captive Power Producer (CPP)’ business segment of the company.
Medi Assist Healthcare: Medi Assist Insurance TPA, a wholly-owned subsidiary of
Medi Assist Healthcare Services (“Medi Assist”), on Monday announced the signing of definitive documents for the 100% acquisition of Paramount Health Services & Insurance TPA Pvt. Limited (“Paramount TPA”), a prominent player in the TPA space, owned by Fairfax Asia and the Shah family.
This acquisition marks a milestone in the TPA sector, consolidating Medi Assist’s position as a market leader, the company said in its press release.
HCL Tech: The IT services company, announced on Monday, August 26, an extension of its strategic AI-driven Engineering Services and Digital Process Operations (DPO) partnership with Xerox.
Lemon Tree Hotels: The hospitality company announced the signing of its newest property, Lemon Tree Hotel, Civil Lines, Ayodhya. The property is expected to open in FY 2028 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.
Bondada Engineering: The company said on Monday it had been awarded a contract valued at ₹576 crore. The name of the project is PM-KKUSUM. The company will work on solar projects across various districts in Maharashtra under Mukhyamantri Saur Krushi Vahini Yojana 2.0.
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