November 29, 2023

Housing Finance Development

It's Your Housing Finance Development

JK Paper, NDTV, Nykaa, Vedanta, Lupin, HDFC, Blue Star, Hindustan Zinc

Representational image.

JK Paper

Board approved acquisition of Horizon Packs Pvt. Ltd. (HPPL) and Securipax Packaging Pvt. Ltd- (SPPL)

Acquisition to facilitate expansion of corrugated packaging business in terms of volume

85% shares of each of the entities to be acquired within 3 weeks of SPSHAs

Balance 15% to be acquired within a period of 3 years as per the respective SPSHAs.

In FY22, HPPL and SPPL had a consolidated Revenue of Rs. 832 Cr

Purchase consideration for acquisition of 85% of equity shares

HPPL will be Rs. 19.33 per equity share of Rs. 10 each and of SPPL will be Rs. 1256.95 per equity share of Rs. 100 each

Shriram City Union

Record date for the purpose of Merger/HiveOff is November 30, 2022


Biocon Biologics (subsidiary of Biocon) have executed a Debt Facility Agreement amounting to US$1.2 billion

The proceeds shall be used for funding the acquisition of Viatris Inc.’s biosimilars business

Kaynes Technology India:

To list on exchanges today

IPO Price: Rs. 587/share

Syrma SGS:

Anchor lock-in opens; around 3% of equity out of lock-in


Block deal today: Lighthouse Seeks to sell 1.86 cr shares in Block Trade at maximum 2% discount


Adani Group to launch open offer on November 22: as per exchange filing


To consider and approve Third Interim Dividend

Hindustan Zinc:

Last day to buy to be eligible for dividend; 4.7% dividend yield

Maharashtra Seamless:

Last day to buy to be eligible for bonus issue (1:1)

Mindtree + L&T Infotech:

In focus on the back of MSCI Adjustment

Mindtree to be excluded

L&T Infotech to move to MSCI Global Standard Large Cap from MSCI Global Standard Mid Cap


Lupin Foundation Signs MoU with the Government of Rajasthan to strengthen Healthcare system

MoU to address the prevalence of Cardiovascular Disease (CVD) and Chronic Obstructive Pulmonary Disease (COPD)

Blue Star

Kotak Mahindra Mutual Fund has acquired 0.66% of stake in Blue star taking the total stake to 5.04%


To issue 7.79% secured redeemable NCDs on private placement basis at an issue size of Rs. 1900 crore

The proceeds will be utilized for financing / refinancing the housing finance business requirements

Power Finance Corporation

Incorporated 2 Special Purpose Vehicle (SPV’s) for development of Independent Transmission Projects

SPVs have been incorporated as WoS of PFC Consulting Limited, a wholly owned subsidary of PFC

Diamond Power Infra

To seek shareholders’ nod to raise borrowing limit to Rs 3000 cr

Vodafone Idea

Special resolution for Issue of securities on preferential basis was passed at the EGM

UCO Bank

Central Government appointed Shri Rajendra Kumar Saboo, Chief General Manager, Punjab National Bank as Executive Director in UCO Bank for a period three years

Kirloskar Electric Company

Company’s unit situated at Govenahalli has extended partial lay-off for 36 workmen out of 148 total workmen for a period of 60 days

MIC Electronics

Received order of Rs. 2 Crore from Ratlam Division S and T, Ratlam, Madhya Pradesh, (Western Railway)

Dhunseri Tea & Industries

Dhunseri tea will be acquiring three tea estates from Warren Tea limited at a consideration of Rs. 90 Crore

Canara Bank

Central Government has appointed Shri Ashok Chandra, Chief General Manager, Union Bank of India as Executive Director in Canara Bank for a period of three years

Thomas Cook

Announced the opening of its new wildlife resort in Pench National Park.

Resort boasts of a variety of stay experiences with 22 premier rooms, cottages, mud houses

Hi Tech Steel Pipes

Board Meeting on 24th November to consider fund raising through preferential issue of securities

Indian Bank

Central Government appointed Shri Mahesh Kumar Bajaj, General Manager, Indian Bank as Executive Director in Indian Bank

Reported Borrowal fraud exposure if ~60 cr( provided for ~52 cr)

Praveg Communication

Has received a Work Order from Department of Tourism for Development, Operation, Maintenance and Management of Tent City at Jampore Beach, Daman.

Jubilant FoodWorks

Jubilant FoodWorks International Luxembourg, a step down wholly owned subsidiary of the Company approved incorporation of a wholly owned subsidiary company in Nepal.

Bank of Baroda

Shri Lalit Tyagias Executive Director of Bank of Baroda for a period of three years

Union Bank

Shri Ramasubramanian S. assumes charge as Executive Director

Route Mobile

Route Mobile Limited Strengthens Its Presence In The Gcc (Gulf Cooperation Council) With Entry Into The Kingdom Of Saudi Arabia With Citc License Win”

Sadbhav Infrastructure Project

Mr. Rohit Modi as Chief Executive Officer (CEO) of the Company in the category of Key Managerial Personnel w.e.f. 21st November, 2022.

Resignation of Mr. Nitin R. Patel Director of the Company with immediate effect

Resignation of Mr. Vasistha C. Patel, Managing Director of the Company with immediate effect

Sadbhav Engineering Ltd

Mr. Rohit Modi has been appointed as Chief Executive Officer (CEO) of the Company in the category of Key Managerial Personnel w.e.f. 21st November, 2022.

Welspun India

Approved sale of 2 units to MGN Agro Properties.