STOCKS in ACTION 12 May
Imagicaa World: approved preferential issue as part of the resolution plan agreed by the lenders under the RBI Prudential Framework. Malpani Parks is the anchor investor for the plan
INEOS Styrolution India Ltd to restart operations at Nandesari plant from May 12, 2022
Lodha announces US $1 billion Green Digital Infrastructure Partnership with Ivanhoé Cambridge and Bain Capital
Macrotech Developers: announced partnership with Bain Capital and Ivanhoé Cambridge to develop a green digital infra platform. The platform will jointly invest $1 billion to create 30 million square feet of operating assets in India. Each of the partners have 33% equity
interest in the entity
Dhanvarsha Finvest Limited : MSME lender Dhanvarsha Finvest Limited raises INR 622 Mn
Ultra Tech Cement: The cement maker has formally joined the race to buy out the Swiss cement
giant Holcim's stake in Ambuja Cement Ltd. and ACC Ltd
Adani Enterprises: has
incorporated a wholly owned subsidiary Kutch Fertilizers to carry out business of manufacturing and trading of fertilizers of all kinds and other allied items required for agricultural
KRBL: has been granted relief for income tax demand of Rs 97.88 crore and of dismissed all the appeals for income tax demand of Rs. 1,170.36 crores
Hindalco Industries: wholly owned subsidiary Novelis Inc. will invest $2.5 billion to build a new low carbon recycling and rolling plant in Bay Minette, Alabama, USA. The facility will have an initial 600 kilotonnes of finished aluminum
goods capacity per year
Power Grid: has acquired Khetri-Narela Transmission for Rs 22.5 crore