The domestic equity market is expected to open in positive territory on Tuesday, September 17. At 07:51 AM, the GIFT Nifty futures were trading 20 points, or 0.08% lower at 25,480.50 levels. This, as per publicly available information, indicates that the NIFTY will open 38 points higher.
Here is a list of stocks that may trade actively in today's session.
SpiceJet: The airline has launched QIP to raise ₹3,000 crore. The floor price of the QIP has been fixed at ₹64.79 apiece, which is a 16.6% discount to Monday's closing price for shares of the airline.
Samvardhana Motherson: The company has launched qualified institution placement (QIP) with a floor price of ₹188.85 per share, the company said in a late evening exchange filing on September 16. The issue price is at a 2.6% discount to Monday's closing price.
Reliance Infrastructure: The board of
Reliance Infrastructure will meet on September 19 to consider a preferential issue of shares to raise funds, the firm said in a stock exchange filing on Monday. The company had raised ₹550 crore in July 2021 by issuing shares on a preferential basis, wherein promoters infused ₹400 crore and Varde Capital Partners, an international investor, subscribed to shares aggregating ₹150 crore.
TVS Motor:
TVS Motor Company has sold its entire holding of 30,50,000 equity shares of ₹10/- each (100%) in TVS Digital (formerly known as TVS Housing), a wholly-owned subsidiary of the company, on September 16, 2024. Consequent to this, TVS Digital has ceased to be a wholly-owned subsidiary of the company.
JK Tyre: The company's board on Monday approved the merger of its unit Cavendish Industries Ltd. into the parent via a share swap agreement. As part of the amalgamation, Cavendish Industries' shareholders will receive 92 shares of JK Tyre, which will have a face value of₹2 each, for every 100 shares of₹10 face value that they hold in the company.
Indo Count: Indo Count Industries on Monday said its US-based subsidiary has acquired Fluvitex USA, Inc., a part of Masias Invest SL, a Spanish textile machinery firm. The company did not disclose the transaction value. Terming the acquisition as a "strategic move," Indo Count Industries in a statement said it will strengthen and grow its utility bedding segment.
PN Gadgil Jewellers: Shares of the company are expected to list on bourses today. The initial public offer of the jewellery retail chain received 59.41 times subscription on the last day of bidding last Thursday. The ₹1,100-crore initial share sale received bids for 1,00,31,19,142 shares against 1,68,85,964 shares on offer.
Firstsource Solutions: Firstsource Solutions announced a collaboration with Microsoft to deliver cutting-edge digital transformation services to clients worldwide. Using the power of Microsoft Azure OpenAI Service, Firstsource aims to enhance its service offerings, driving innovation and efficiency across various industries.
Torrent Power: The company has entered into a memorandum of understanding (MoU) with the Government of Gujarat for execution of a 5 GW solar, wind, or solar-wind hybrid project at Dwarka District in the State of Gujarat.
Moreover, in a separate filing, the company has reaffirmed its commitment towards a green and sustainable future as it submitted two Shapath Patras to the Union Ministry of New and Renewable Energy, Government of India, at the 4th Edition of RE-Invest at Gandhinagar on Monday.
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