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 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 …
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 …
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 …
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: …
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 …
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 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 …
In a remarkable turn of events, HPL Electric & Power Limited has witnessed a significant surge in its stock prices. The company’s stock has risen by an impressive 12% and recorded its highest single-day volume in over two months. This article delves into the factors behind this surge, the company’s recent performance, and what this …
Sakar Healthcare Submits 20 Dossiers Across Multiple Countries Sakar Healthcare Limited, an ISO 9001:2015 certified pharmaceutical company, has made significant progress in its global expansion efforts. The company announced the submission of 20 dossiers for oncology product registration across various regions, including Switzerland, Bulgaria, Slovenia, Vietnam, Myanmar, and Ethiopia. Expanding the Anti-Cancer Portfolio Sakar has …
