Stocks that are in the news today

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HIGHLIGHTS

  • Welspun Corp Completes Acquisition of Nauyaan Shipyard
  • Seshasayee Paper wins the tender for the acquisition of Servalakshmi Paper
  • Hatsun Approved Shareholder Rights Offering

Let’s talk about a few actions that are in the spotlight today.

Welspun Corp acquired the entire share capital of Nauyaan Shipyard, a company whose objects, among others, are shipbuilding, shippers, shipowners, repairers, refitters, manufacturers, etc., from a party related to a fair value of ₹1,000,000.

2 – BRITANNIA & ITC

Chicago wheat futures fell on export issues and concerns that an economic slowdown will hurt grain demand.

3 – SESHASAYEE PAPER

Emerged as the successful bidder in the electronic auction to acquire the assets of Servalakshmi Paper in liquidation on a going concern basis.

4 – HATSUN AGRO

Considered and approved, subject to the receipt of relevant approvals from regulatory authorities, as required, the issuance of Equity Shares by way of a rights issue to existing shareholders of the Company on a record date for an amount not exceeding ₹400 cr.

5 – SUGAR STOCKS SEE SWEET GAINS

Maharashtra’s major sugar-producing state is set to hit record highs for the second year in a row as farmers expanded the cane-growing area. Dhampur Sugar, Balrampur Chini and Dalmia Bharat were all buzzing in trade today.

6 – INOX WIND

Inox Green Energy has planned to launch ₹740 cr IPO in the next 30-45 days. The company will initially focus on the Indian market.

7 – ACTIVEWEAR CAMPUS & METRO BRANDS

Motilal Oswal launched coverage on Metro Brands with a target of ₹1000 per share and on Campus Active Wear with a target of ₹1000 per share

8 – CAN END HOUSES

Girish Kousgi has resigned as the company’s Managing Director and CEO.

9 – INDO ACCOUNT

Indo Count has partnered with the global premiere fitness brand “GAIAM” in home textiles. This is the first expansion into the bedding and bath categories.

10 – MAP OF MY INDIA

CE Info launches MapmyIndia Swadeshi Consumer App, Logistics Tech & APIs. The company’s Logistics Solutions are integrated into the Government’s National Logistics Policy.

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