The National Stock Exchange’s F&O ban list for Thursday includes India Cements and Delta Corp.
Cipla: According to two people with direct knowledge of the situation, the promoters of India’s fourth-largest pharmaceutical company are in advanced talks to sell a controlling stake for $6-7 billion to two consortiums, one of which is being led by Torrent Pharmaceuticals Ltd. and includes a number of well-known family offices. The other consortium is being led by BPEA EQT and General Atlantic.
Dixon Technologies: The business announced that Xiaomi Technology India and its subsidiary, Padget Electronics, had entered into a strategic partnership. This arrangement covers the exclusive production of smartphones and a number of associated goods for Xiaomi.
Oberoi Realty: The business has signed a contract to construct and renovate a 13,450-square-meter plot of land in Mumbai. This plot, which is located in Mumbai City’s Tardeo neighborhood, is next to another property that is currently getting renovation as part of a joint venture with the corporation.
Arm, Tata Power A 41 MW captive solar power facility will be built in Tamil Nadu by Tata Power Renewable Energy Ltd. exclusively to serve TP Solar’s upcoming 4.3 GW solar cell manufacturing facility.
NBCC: In the World Trade Center in New Delhi, the company plans to sell 14.75 lakh square feet of commercial built-up space. The action will result in earnings of 5,716 crore.
Vedanta: As part of a significant reorganization exercise, the corporation is reportedly close to reaching a deal to divide its numerous companies into several publicly traded organizations. According to people with knowledge of the situation, if this project is successful, it might give entrepreneur Anil Agarwal a way to efficiently manage the debt load within his vast metals-to-energy conglomerate.
Vodafone Idea: According to Trai data, the telecom company lost more over 1.3 million members in July. With a loss of about three million customers in both April and May, this is the third month in a row where significant subscriber losses have occurred. Additionally, compared to the prior month, Vodafone’s subscriber growth rate fell by 0.58 percent.
Endurance Technologies: After conducting an evaluation, the business gave the go-ahead for the expansion of its manufacturing facility for aluminum alloy wheels (“AW”) intended for two-wheeler applications. The company’s current facility in Chakan, District of Pune, will host this capacity expansion project, which is expected to cost Rs. 450 million.
Red Apple Kitchen Consultancy Pvt Ltd (Toscano) and Barbeque Nation Hospitality announced on Wednesday that they are working together to buy the bulk of Blue Planet Foods Private Ltd. 53.3% of Blue Planet will be jointly acquired by BNHL and Toscano through a combination of main and secondary investments. According to Barbeque Nation, the total financial outlay would be $23.1 crore, and it will be paid for by internal accruals.
SJVN: At the Naitwar Mori Hydro Electric Project in Mori, Uttarakhand, the company has begun the mechanical commissioning of the first unit, with a capacity of 60 MW. 265.5 million units of electricity are anticipated to be produced annually as a result of this project.