Top stocks of the Day

top-stocks-of-the-day-85

Zomato

The food delivery giant closed its Qualified Institutional Placement (QIP) issue and raised Rs 8,500 crore through the allocation of 33.64 crore equity shares at a price of Rs 252.62 per share, which is at a 5% discount to the floor price of Rs 265.91 per share.

KEI Industries

The company has raised Rs 2,000 crore through the allocation of 52,63,157 equity shares to 104 qualified institutional buyers at an issue price of Rs 3,800 per share, which is at a discount of 2.07% to the floor price of Rs 3,880.54 per share. Some of the investors include ICICI Prudential Mutual Fund, Kotak Mutual Fund, Government Pension Fund Global, and Motilal Oswal Mutual Fund.

Newgen Software Technologies

The company has received a purchase order from the Reserve Bank of India for the implementation and maintenance of the Regulatory Application Management System (RAMS). The value of the purchase order is Rs 32.44 crore.

James Warren Tea

After completing due diligence, the company has signed a Business Transfer Agreement with Rajah Alli Tea & Industries LLP for the sale of Rajah Alli Tea Estate for Rs 19 crore.

Hinduja Global Solutions

The board has approved the provision of a guarantee of CAD 40 million from Hinduja Global Solutions to Metrolinx, a Canadian public sector organization, for executing the contract for digital services and back-office services by HGS Canada Inc., a step-down wholly owned subsidiary of the company.

PC Jeweller

The board has fixed December 16 as the record date for the sub-division or split of equity shares. Under this, 1 equity share with a face value of Rs 10 each will be split into 10 equity shares, each with a face value of Re 1.

Sindu Valley Technologies

The company has received a subcontract worth Rs 38 crore for road construction work from GHV India in Maharashtra, and another subcontract worth Rs 125 crore from GHV-MHK JV in Gujarat.

PCBL

The company has commissioned the second and final phase of its 20,000 MTPA of the 40,000 MTPA specialty chemical capacity at its Mundra plant in Gujarat. With this, the combined manufacturing capacity of the company stands at 7,90,000 MTPA.

Bank of Baroda

The bank has raised Rs 3,500 crore through the issuance of 7.41% Basel III Compliant Tier II Bonds Series XXVII.


 Reliance industries 


Reliance Finance and Investments USA LLC, a step-down wholly owned subsidiary of the company, has entered into a stock purchase agreement with Wavetech Helium, Inc., subscribing to a 21% stake in Wavetech for USD 12 million. Wavetech is a helium gas exploration and production company.


PVP Ventures

The company has received board approval for the acquisition of a 52% stake in Biohygea Global, a healthcare venture in Chennai, to expand its fleet in the healthcare sector.


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