Stocks that will see action on February 21, 2023



Stocks that will see action on February 21, 2023

The obligatory open provide to the shareholders of Lotus Chocolate Company from Reliance Retail, a part of Mukesh Ambani-owned Reliance Industries, which in December obtained a fifty one consistent with cent stake withinside the business enterprise, opens these days. RIL has introduced an open provide to gather a 26 consistent with cent extra stake withinside the chocolate maker, at ₹115.50 a share. The open provide closes on March.

In a substantial improvement withinside the discipline of rail-primarily based totally mass transit, the Delhi Metro these days released India`s first ever indigenously evolved Train Control and Supervision System, mutually evolved through Navratna Defence PSU Bharat Electronics Limited (BEL) & Delhi Metro Rail Corporation (DMRC), the i-ATS (Indigenous – Automatic Train Supervision) for operations on its first corridor, Red Line (Rithala to Shaheed Sthal).

Central Bank of India has entered right into a strategic co-lending partnership with M/s. Moneywise Financial Services Private Limited to provide MSME loans at aggressive rates, challenge to compliance with the relevant law(s), such as the relevant suggestions issued through the Reserve Bank of India (RBI). The participation through each entities on this co-lending association will bring about extra enlargement of portfolio through Central Bank of India and Moneywise Financial Services Private Limited.

Duke Offshore Limited has been provided a agreement for its vessel, Duke Express. The agreement has been provided through a multinational business enterprise and might be finished in The Republic of Maldives in which the vessel will offer assist for dredging operations. The vessel might be relocated overseas and the agreement will begin in March 2023 for a duration of 365 days plus optionally available extensions.

Bharat Petroleum Corporation Limited (BPCL) plans to elevate up to ₹1,500 crore at some point of FY23 via personal placement of unsecured non-convertible debentures challenge to marketplace conditions. The debentures are proposed to be indexed at the Debt Market phase of BSE Ltd and NSE Ltd. The information of the difficulty viz., elegance of investors, difficulty price, tenor, hobby charge etc., will rely available in the marketplace conditions, so that it will be introduced at the crystallisation of the difficulty.

BEML Limited, a main producer of indigenous Metro Rolling Stock in India and a schedule `A` business enterprise below the Ministry of Defence, has signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation (DMRC) led SPV, which has been shortlisted for building the Bahrain Metro Rail Project Phase-1. As part of this MoU, BEML might be liable for production and deliver of Metro Rolling Stock and DMRC will offer understanding withinside the fields of mission improvement, budgeting, and facilitating of contractual obligations.

Star Housing Finance Limited has universal the mortgage facility of ₹2 crore sanctioned through Sundaram Home Finance Limited.

ACC and Ambuja Cements will resume operations at plant life in Himachal Pradesh after resolving freight troubles withinside the state. The corporations stopped operations in Himachal Pradesh in December after failing to discover a method to hovering transportation costs.

NHPC Limited has raised ₹996 crore via Unsecured, Redeemable, Non-convertible, Non-cumulative, and Taxable 7.59% AD collection bonds on Private placement basis.

Lokesh Machines Limited has entered into an Incubation Agreement with Raja Ramanna Centre for Advanced Technology, Government of India, Department of Atomic Energy (DAE), Indore.

The board of GG Dandekar Machine Works has authorized discontinuing and last down the operations, such as production sports at Butibori Plant located at Nagpur, Maharashtra with on the spot effect.

Seacoast Shipping Services Limited has signed a brand new enterprise agreement with Maria Shipping Fze., Dubai, for supplying delivery and logistic offerings powerful from April 1 for a duration of 365 days and may be renewed further. The tie-up will translate to an extra sales of around ₹one hundred crore consistent with annum, it said.

Asian Paints (Polymers), a subsidiary of Asian Paints Ltd, has entered into an settlement with the Gujarat Government to installation a production facility for vinyl acetate-ethylene emulsion (VAE) and vinyl acetate monomer (VAM) at Dahej. It will make vital disclosures on any cloth trends on this regard from time to time.

JK Tyre & Industries plans to elevate ₹240 crore through executing a subscription and coverage rights settlement with International Finance Corporation for issuance of 24,000 compulsorily convertible debentures (which consists of an hobby charge of 6 consistent with cent consistent with annum, compounded cumulatively on a quarterly basis) at face cost of ₹1 lakh every of the business enterprise to IFC through manner of a preferential difficulty on a personal placement basis.

GR Infraprojects has emerged as L1 (lowest) bidder for 2 initiatives, for which tenders have been invited through the National Highways Logistics Management. The initiatives consist of the improvement, operation, and renovation of Ropeways from Gaurikund to Kedarnath and from Govind Ghat – Ghangaria – Hemkund Sahib in Uttarakhand on Hybrid Annuity Mode, with a value of ₹1,875 crore and ₹1,738 crore, respectively


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