Huge names like Gensol Engineering Ltd., One 97 Communications Ltd., TVS Motor Co. amongst others are set to see motion going into commerce on Monday.
Shares To Watch
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Gensol Engineering: Promoter Anmol Singh Jaggi resigned as managing director and Puneet Singh Jaggi left the place of whole-time director.
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One 97 Communications: Antfin Netherlands Holding B.V. is ready to promote 2.6 crore shares or 4% stake within the firm on Tuesday. The transaction will happen via a block deal, with a flooring value established at Rs 809.75 per share, representing a 6.5% low cost from the present market value. The full dimension of this block deal is estimated to be Rs 2,065 crore. Citigroup and Goldman Sachs are the bankers managing the deal.
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Kfin Applied sciences: A block deal by a promoter Normal Atlantic Singapore Fund Pvt. is scheduled for Tuesday. The ground value for the deal is Rs 1,025 per share, which is an 8.3% low cost in comparison with the present market value. The provide dimension includes as much as 1.18 crore shares, representing a 6.9% stake within the firm, with a complete deal worth of as much as Rs 1,210 crore. Normal Atlantic Singapore Fund Pvt. together with Normal Atlantic Singapore KFT Pvt., held a 32.91% stake in Kfin Applied sciences as of earlier this Might.
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Marine Electricals (India): The corporate accomplished the acquisition of marks marine radio. The shareholding of the corporate in Marks Marine Radio will increase to 59.2% from 49.2%.
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Aether Industries: Promoter Purnima Desai to promote 6.77% stake within the firm on Might 13 and14. The ground value for the provide on the market is ready at Rs 700 per share.
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Arvind: The corporate executed a pact with Torrent Inexperienced Power & Torrent Urja 28 to subscribe to a minimal 26% stake of Torrent Urja 28 for establishing a hybrid (wind-solar) energy plant within the state of Gujarat. The agency will make investments 15.96% of its fairness share capital Torrent Urja 28 of in direction of its proportionate share within the capability.
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HFCL: The corporate has secured a purchase order order of Rs 157 crore for the availability of assorted kinds of Optical Fiber Cables for the BharatNet Part III Mission from Tera Software program Restricted, a consortium companion of ITI Ltd.
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TVS Motor: VS Belief acquired 5.5 lakh shares of TVS Holdings from Sundaram Finance Holdings. VS Belief is a member of the promoter and promoter group of TVS Motor.
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Bliss GVS Pharma: The arm transferred its complete holding of 51% stake In Greenlife Bliss Healthcare To Greenlife Prescription drugs.
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Shree Cement: The corporate acquired a grant order for limestone mines with mineral sources of 211 million tonnes in Rajasthan.
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