Vedanta
The company revised its demerger plan and decided to keep its base metals business under the parent entity following feedback from lenders. The decision, which was approved by the Board on December 20, reflects changing business priorities. The stock closed at ₹477.50, down ₹14.70 (2.99%) from Friday’s close on the BSE.
NHPC Ltd
NHPC signs ₹5,500 crore MoU with Bihar, under which 1,000 MW of solar and green hydrogen projects will be developed. The company on Friday said the state’s support in land acquisition will be crucial for timely completion. The stocks closed at ₹81.38, down ₹3.08 (3.65%) from Friday’s close on the BSE.
Reliance Industries Ltd
The company on Saturday said its wholly owned arm, Reliance Digital Health, will buy 45% stake in US company Health Alliance Group for $10 million, strengthening the company’s global healthcare innovation footprint. The stocks closed at ₹1,206.00, down ₹24.60 (2.00%) on BSE.
UltraTech Cement
CCI approves UltraTech’s acquisition of 32.72% stake in India Cements for ₹3,954 crore. The company also launched an open offer of ₹3,142.35 crore for an additional 26% stake. The stock closed at ₹11,433.70, down ₹241.15 (2.07%) on BSE.
Hindustan Construction Company
HCC sold its stake in Steiner AG to m3 Immobilier, paving the way for a Swiss IPO for its subsidiary. Additionally, HCC raised ₹600 crore through Qualified Institutional Placement (QIP). The stock closed at ₹43.51, down ₹0.58 (1.32%) on BSE.
AGI Greenpac Ltd
The company plans to raise capital up to ₹1,500 crore in multiple tranches through equity and equity linked securities. The funds are intended to support the company’s growth and expansion efforts. The stocks closed at ₹1,244.35, down ₹38.45 (3.00%) on BSE.
Piramal Enterprises
The company approved a public issue of secured NCDs worth up to ₹2,000 crore. The move reflects the company’s efforts to strengthen its balance sheet and boost growth initiatives. The stock closed at ₹1,094.70, down ₹27.10 (2.42%) from Friday’s close on the BSE.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.