Stock that will see action today: 21 January 2025
Gaming and Esports company Nazara Technologies has raised Rs 495 crore from existing investors Arpit Khandelwal and Mithun Sacheti-led entity — a move that would trigger an open offer of 26 per cent, the company said on Monday. Axana Estates’ designated partners include Arpit Khandelwal and Mithun Sacheti, who are exiting investors in the gaming company. They are infusing the funds through a preferential issue at a price of Rs 990 per share.. Arpit Khandelwal is the Founder & Managing Partner of Plutus Wealth Management LLP and Mithun Sacheti, tech entrepreneur and Founder of Caratlane.
Abhishek Lodha-promoted Macrotech Developers Ltd has filed a case against his younger brother’s real estate firm House of Abhinandan Lodha, alleging the use of similar brand ‘Lodha’ to market its properties. Abhishek, who helms the flagship company of the Group, Macrotech Developers, has claimed that the “Lodha” brand name has been built over the last four decades and Rs 1,700 crore has been spent by his company in brand building in the last decade alone.
Reliance Power has appointed Neeraj Parakh as Chief Executive Officer. His appointment is effective from Monday for a period of three years, Reliance Power said in an exchange filing. Parakh’s appointment as the company’s Executive Director and Chief Executive Officer (CEO) is subject to the approval of members, it further said.
Hitachi Energy India will seek shareholders’ approval to raise Rs 4,200 crore through issues of equity shares or other securities. In an exchange filing, the company said, the voting will start at 9 am on January 22 and continue till 5 pm on February 20. As per the notice, it will seek approval to raise up to Rs 4,200 crore by way of public or private offering, including a qualified institutions placement (QIP), to eligible investors through an issuance of equity shares or other eligible securities.
Tata Consultancy Services (TCS) has opened new delivery centre in France to drive AI-powered transformation for the Aerospace and Defence Industries.
Vodafone Idea has issued clarification on report ‘in big relief to telcos, government weighs over ₹1 lakh crore AGR dues waiver’. The telco said that it has not received any communication from the government in relation the reported matter.
The US FDA has issued Form 483 with one observation for manufacturing facility of Medispray Laboratories, Goa, subsidiary of Cipla. The US FDA inspected the manufacturing unit of facility of Medispray Laboratories from January 14-20, 2025.
Landmark Cars has received LoI from JSW MG Motor India to open new MG Select dealerships in Ahmedabad and Kolkata. At launch, the company will feature two models: the MG Cyberster and the MG M9 EV, with more models to follow later. Sales are expected to begin by May 2025. These dealerships will be established by the company’s subsidiary, Aeromark Cars
Venus Remedies has announced the successful renewal of its European Good Manufacturing Practices (EU GMP) Certification by Infarmed, the National Authority of Medicines and Health Products in Portugal. This covers the manufacturing facility for cephalosporin, carbapenem, and oncology formulations.
Prakash Industries has informed the exchanges that it has started mining operations at the Bhaskarpara commercial coal mine after receiving permission from the Collector (Mining Branch), Chhattisgarh. It expects coal extraction to begin next month.
REC Power Development & Consultancy (RECPDCL), subsidiary of REC has transferred its entire shareholding in Rajasthan Part I Power Transmission at par value, along with all its assets and liabilities, to Adani Energy Solutions. The consideration includes a professional fee of Rs 15 crore and reimbursement of expenses.
Fitch has upgraded Vedanta Resources’ senior unsecured rating to ‘B+’ from ‘B-’ and has also changed the outlook to stable after a significant reduction in the company’s refinancing risks.
Strides Pharma’s step down subsidiary, Strides Pharma Global Pte. Ltd, Singapore has received approval for Acetaminophen and Ibuprofen Tablets from the USFDA used for treatment of pain reliving options.
Results Calendar: ICICI Prudential, UCO Bank, KEI Inds, Tata Technologies, Dalmia Bharat, PNB Housing, Aditya Birla Real Estate, Indiamart, India Cements, Tanla Platforms, South Indian Bank, Manorama Inds, Cyeint DLM, Rossari Biotech, Jana Small Finance Bank, Indoco Remedies, Eimco, Onward Technologies.
