Following their initial announcement on May 2nd, 2024, Coforge Limited has successfully acquired a strategic stake in Cigniti Technologies Limited. Transaction Details Date of Acquisition: July 4, 2024 Number of Shares Acquired: 3,021,293 Stake Acquired: 11.07% of current paid-up share capital, 10.97% of expanded capital (as per draft letter of offer dated May 16, 2024) …
What is momentum investing? Just like a pendulum, a momentum strategy believes that the price of a particular asset will continue to move on the same trajectory for some time. If the price of an asset has been moving positively, i.e., increasing for a certain amount of time, then the price momentum will continue in …
The Ministry of Defence declared on July 5, 2024, that the effective execution of policies and initiatives during the Financial Year (FY) 2023–2024 allowed India to record the greatest-ever rise in indigenous military manufacturing in value terms. As per the information gathered from all Defence Public Sector undertakings (DPSUs), other PSUs that produce defence items, …
Bajaj Auto, India’s third-largest motorcycle manufacturer, made history on Friday by unveiling the Freedom 125, the world’s first commercially available compressed natural gas (CNG)-powered two-wheeler. Launched in Pune under a separate brand for Bajaj’s bi-fuel motorcycles, the Freedom 125 targets the crucial entry-level segment, a market space where nearly half of all motorcycles sold in …
On July 04, 2024, Nazara Technologies Limited announced via a stock exchange that it had incorporated a wholly owned subsidiary named “Nazara US Inc.” in Delaware, USA. Nazara US Inc., incorporated as a wholly owned subsidiary by Nazara Technologies, is considered a related party due to its direct ownership. However, this incorporation does not constitute …
On July 05, 2024, Solar Industries India Limited, a global leader in energetic materials for mining, defence, and space applications, acquired a majority stake in South Africa’s Problast BS (Pty) Ltd through its subsidiary, Solar Mining Services (Pty) Ltd. Since 2016, Problast BS (Pty) Ltd has been renowned in South Africa for its blasting solutions. …
On July 04, 2024, H.G. Infra Engineering Limited announced that its subsidiary H.G. Solar Projects Private Limited, has established a new wholly-owned subsidiary, H.G. Dudu Solar Project Private Limited. This acquisition is considered a related party transaction since it involves a step-down subsidiary, with H.G. Dudu Solar Project Private Limited being a 100% subsidiary of …
On July 5, 2024, Thermax Ltd announced in a stock exchange filing that its wholly-owned subsidiary, Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), secured a ₹513 crore order from a prominent industrial conglomerate. The order involves setting up a 600 MW greenfield energy project in Botswana, Southern Africa. TBWES will supply two 550 TPH …
On July 5, 2024, HCL Technologies announced via a stock exchange filing that it has awarded top honours in the 14th Annual Asia Executive Team survey by Institutional Investor Research. This prestigious survey highlights Asia’s best CEOs, CFOs, and Investor Relations Officers, emphasising corporate governance and investor confidence. HCLTech, headquartered in India, led the IT …
CG Power and Industrial Solutions Limited (CG Power) announced a significant development concerning their property holdings in Worli, Mumbai. Following a term sheet signed in December 2023 with a K Raheja Corp. Group company, CG Power has finalised a formal agreement for the joint development of their property, “CG House”. The Partnership Takes Shape On …
