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APL Apollo Tubes Achieves Record Sales Volume in Q1FY25

APL Apollo Tubes Achieves Record Sales Volume in Q1FY25

2 July 2024

APL Apollo Tubes Limited (APL Apollo), a global leader and the World’s largest branded structural steel tube company, has announced impressive sales volume performance for the first quarter of FY25 (Q1FY25). The company achieved a record-breaking sales volume of 7,21,064 tonnes in Q1FY25, surpassing the previous highs of 6,61,501 tonnes in Q1FY24 and 6,78,556 tonnes …

Power Finance Corporation Ltd’s Subsidiary Forms SPV for Transmission Project

Power Finance Corporation Ltd’s Subsidiary Forms SPV for Transmission Project

2 July 2024

Power Finance Corporation Limited (PFC) announced in a stock exchange filing that its wholly owned subsidiary, PFC Consulting Limited (PFCCL), has established a Special Purpose Vehicle (SPV) company named JAM KHAMBHALIYA LIMITED. This SPV is dedicated to developing the augmentation of Transformation Capacity Transmission at Jam Khambhaliya PS (GIS). PFC Consulting Limited, as a wholly …

Shalibhadra Finance Expands into Small-Ticket Housing Finance

Shalibhadra Finance Expands into Small-Ticket Housing Finance

2 July 2024

On July 1, 2024, Shalibhadra Finance Limited announced via a stock exchange filing the expansion of its product portfolio to include small-ticket housing finance. Shalibhadra Finance has been financing two-wheelers in rural areas for over two decades. With a strong network of over 50 branches across Maharashtra, Gujarat, Rajasthan and Madhya Pradesh, the company has …

Genus Power Solutions Acquires Maharashtra Akola Amravati Smart Metering

Genus Power Solutions Acquires Maharashtra Akola Amravati Smart Metering

2 July 2024

Genus Power Solutions Private Limited (GPSPL), a wholly owned subsidiary of Genus Power Infrastructures Limited, entered into a Share Purchase Agreement (SPA). GPSPL will purchase 30,000 equity shares, representing 30% of Maharashtra Akola Amravati Smart Metering Private Limited’s total share capital. Upon completing this share transfer, Maharashtra Akola Amravati Smart Metering Private Limited will become …

Godrej Properties Achieves Record Sales with Godrej Woodscapes, Bengaluru

Godrej Properties Achieves Record Sales with Godrej Woodscapes, Bengaluru

2 July 2024

On July 02, 2024, Godrej Properties Ltd (GPL), one of India’s top real estate developers, announced that it had sold over 2,000 homes worth more than ₹3,150 crore in its Godrej Woodscapes project in Whitefield-Budigere Cross, Bengaluru. This is their most successful launch ever in terms of both value and volume of sales. It’s the …

Overnight Digest: Top 5 Mid and Small-Cap Stocks to Watch for July 9

Overnight Digest: Top 5 Mid and Small-Cap Stocks to Watch for July 9

8 July 2024

On Monday, benchmark indices closed flat with mixed stock movements. The Sensex slipped by 0.05%, closing below the 80,000 mark, while the Nifty saw a marginal decline of 0.01% to settle at 24,320.55. In sectoral performance, Nifty FMCG, Nifty Energy, and Nifty IT were the top gainers, while Nifty PSU Bank, Nifty Metal, and Nifty …

Decoding the Gap: Nifty 50 vs Nifty Smallcap 100 and What It Means for Investors

Decoding the Gap: Nifty 50 vs Nifty Smallcap 100 and What It Means for Investors

8 July 2024

Understanding the relationship between large-cap and small-cap stocks in India can be crucial for investors. The Nifty 50 and Nifty Smallcap 100 indices offer valuable insights into this dynamic. This article explores the concept of the gap between these two indices, its historical fluctuations, and potential implications for the Indian stock market. Calculating the Gap: …

Apollo Hospitals’ Strategic Acquisition of Apollo Health and Lifestyle

Apollo Hospitals’ Strategic Acquisition of Apollo Health and Lifestyle

8 July 2024

On July 06, 2024, Apollo Hospitals announced via a stock exchange filing that it plans to acquire 35,12,107 equity shares of ₹10 each at ₹294 per share (including a premium of ₹284 per share), totalling ₹103 crore through a rights issue subscription of its subsidiary Apollo Health and Lifestyle Limited (AHLL). The acquisition of AHLL …

Godrej Industries’ Chemicals Business to Acquire Shree Vallabh Chemicals’ Ethoxylation Unit II

Godrej Industries’ Chemicals Business to Acquire Shree Vallabh Chemicals’ Ethoxylation Unit II

8 July 2024

On July 08, 2024, Godrej Industries announced via a stock exchange filing that its Godrej Industries (Chemicals) (one of the oldest businesses of the Godrej Group) signed a Business Transfer Agreement to acquire Shree Vallabh Chemicals’ Ethoxylation Unit II in Kheda, Gujarat. This unit has a manufacturing capacity of 24,000 MTPA of finished products. As …

Edelweiss Financial Services Announces Public Issue of NCDs: Balancing Debt Reduction with Growth Strategies

Edelweiss Financial Services Announces Public Issue of NCDs: Balancing Debt Reduction with Growth Strategies

8 July 2024

Edelweiss Financial Services Limited (EFSL) announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) to raise up to Rs 200 crore. This issuance comes alongside the company’s recent efforts to reduce its debt burden and transition towards a more asset-light business model. Let’s delve into the details of the NCD issue and explore the …

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