In the ever-evolving world of stock market investments, it’s crucial to keep an eye on the latest developments. Here are some key updates on stocks that could impact your investment decisions:
1. SJVN: The government plans to sell a 2.46% stake in SJVN, a hydroelectric power generation company, with the option to sell an additional stake. The offer for sale (OFS) opens for non-retail investors on September 21 and for retail investors on September 22, with a floor price of Rs 69 per share.
2. EMS: Sewerage solutions company EMS is set to list shares on the BSE and NSE on September 21, with an issue price of Rs 221 per share. Additionally, Meson Valves India and Unihealth Consultancy are making their debut on BSE SME and NSE Emerge, respectively.
3. Infosys: In a strategic collaboration, Infosys, India’s second-largest IT services provider, and Nasdaq-listed NVIDIA aim to drive productivity gains with generative AI applications and solutions. Infosys plans to train 50,000 employees on NVIDIA AI technology.
4. Biocon: Biocon subsidiary Biocon Biologics has received approval from the European Commission for YESAFILI, a biosimilar of Aflibercept. YESAFILI is used in ophthalmology for various conditions.
5. Cipla: The US FDA has issued five inspectional observations in Form 483 for InvaGen’s manufacturing facility in New York. These observations followed a routine inspection and pre-approval inspection.
6. Apollo Tyres: Production of bias and OTR tyres at Apollo Tyres’ Gujarat facility has been halted temporarily due to concerns among shop floor employees regarding a long-term settlement agreement. Discussions are ongoing to address these concerns.
7. Subex: Chief Technology Officer Suresh Kumar Chintada has resigned from the company due to personal reasons, effective September 19.
8. Zydus Lifesciences: The pharma company has received final approval from the USFDA for Clindamycin Phosphate Gel USP, 1%, used to treat acne.
9. Kalpataru Projects International: The company’s executive committee will meet on September 25 to consider raising funds through the issuance of non-convertible debentures on a private placement basis.
10. Nucleus Software: Anurag Mantri, Executive Director, and CFO has been designated as Chief Operating Officer of the company, effective September 21.
11. REC: REC Power Development & Consultancy has transferred its entire shareholding in Beawar Transmission to Sterlite Grid 27, as part of an inter-state transmission system project in Rajasthan. Additionally, REC has incorporated Kallam Transco as a wholly-owned subsidiary.
12. Asian Granito India: Shareholders have approved the re-appointment of key executives, ensuring continuity in leadership.
13. Sheela Foam: The PU foam maker has initiated a qualified institutional placement (QIP) with a floor price of Rs 1,133.99 per share.
14. RR Kabel: Norges Bank, representing the Government Pension Fund Global, has acquired 20 lakh equity shares in RR Kabel on the listing day.
15. Tarsons Products: Plutus Wealth Management LLP has purchased a significant stake in the company, indicating confidence in its growth potential.
16. Praveg: SageOne-Flagship Growth 2 Fund and SageOne Investment Managers LLP have acquired shares in the event management company, while Probi Fincap and Jayesh Ishwarlal Patel have sold their stakes.
Stay informed with these stock updates to make informed investment decisions in the dynamic world of finance.
