• Indian indices closed higher on Thursday, despite negative global cues, mostly due to rise in Covid cases in China. Markets edged higher in the second half of Thursday as the Sensex closed above the 61,100 mark and the Nifty 50 a little below the 18,200 mark.
Here is the list of top 10 stocks that will be in focus today:
Ellin Electronics: Ellin Electronics IPO listing date has been set for today, December 30, 2022. As per the information available on the website of BSE, "With effect from Friday, December 30, 2022, the equity shares of Elin Electronics Limited will be listed and admitted for trading on the Exchange in the 'B' list of securities." Shares of Allin Electronics will become available for trading on BSE and NSE in a special pre-opening session of deals on Friday morning.
Reliance Industries: A subsidiary of Reliance Retail Ventures Ltd on Thursday said it has acquired 51% controlling stake in Lotus Chocolate Company. FMCG arm, Reliance Consumer Products Limited, a wholly owned subsidiary of Reliance Retail Ventures Limited, has acquired Lotus Chocolate Company from Prakash P Pai, Anant P Pai and the company's existing promoters and other promoter group members for ₹74 crore Is. , It has also announced an open offer of 26 per cent to the public shareholders of Lotus.
Eicher Motors: Eicher Motors on Thursday announced a strategic investment in Spain's Stark Future SL to develop electric motorcycles and for technology sharing, technology licensing and manufacturing. The company's board of directors has approved an investment of Euro 50 million for approximately 10.35 per cent equity stake in Stark Future. With this investment, Eicher Motors Ltd will have a seat on the board of Stark Future and will explore more opportunities to collaborate in the area of electric mobility, the company said.
Cipla: Cipla Ltd on Thursday said its wholly owned UK subsidiary Cipla (EU) Ltd has acquired 10.35% stake in Germany's Athris GmbH. Cipla EU will invest 15 million euros to acquire 9,939 common shares of Euro 1 face value for a stake of 10.35 per cent, the company said in its regulatory filing. Cipla in its regulatory filing said that the transaction is expected to be completed within 60 days from the date of signing of the agreement.
Tata Power: Tata Power on Thursday said it has raised ₹1,000 crore by issuing non-convertible debentures on private placement basis. Tata Power said in its regulatory filing that it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, non-convertible debentures (NCDs) worth ₹1,000 crore on private placement basis. Series I NCDs worth ₹500 crore are scheduled to mature on January 8, 2030, while Series II NCDs worth ₹500 crore will mature on December 29, 2032.
Transformers and Rectifiers India: Transformers and Rectifiers (India) Ltd on Thursday said it has bagged fresh orders worth ₹123 from one of the central utilities. With the latest win, the company's order book now stands at Rs 1,513 crore, it said in a regulatory filing. "Transformers and Rectifiers (India) has been awarded orders for transformers with a total contract value of ₹123 crore from one of the central utilities," it said.
Dish TV: Direct-to-home operator Dish TV on Thursday said it has appointed former bureaucrat Lalit Bihari Singhal as an independent director on its board for a term of 5 consecutive years, the company said in a regulatory filing. Earlier this month, Dish TV announced the appointment of three new independent directors on the company's board, the first major appointment after the departure of its former promoter-backed chairman Jawahar Lal Goyal.
IRB Infrastructure Developers: Udaipur Tollway Limited, a special purpose vehicle of IRB Infrastructure Developers, under its private InvIT (Infrastructure Investment Trust) arm, IRB Infrastructure Trust, will issue redeemable non-convertible debentures worth ₹700 crore on a private placement basis to an undisclosed Debentures have been issued. investors, according to an exchange filing. The company said the proposed ₹700 crore NCDs (non-convertible debentures) will be used to partially repay existing project loans, resulting in significant annual savings of over ₹10 crore at a revised interest rate of 8.9%.
Aster DM Healthcare: Aster DM Healthcare Ltd, a healthcare chain operating in the Gulf and India, on Thursday said its subsidiary has acquired 100% stake in Adiran IB Healthcare Pvt Ltd. Dr Ramesh Cardiac and Multispeciality Hospital Pvt Ltd, a subsidiary of Aster DM Healthcare Ltd, said the acquisition would be completed by January 31, 2023. The cost of acquisition will be ₹1.6 crore. The deal is in cash consideration.
Satin Creditcare Network: Microlender Satin Creditcare Network (SCNL) closes ₹25 crore deal with Florintree Ventures through negotiations
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