STOCKS in ACTION 30 Mar

Cerebra Integrated: To consider rights issue on April 4

PNB approves raising of Rs. 12000 crore

Ruchi Soya: Patanjali Ayurved-owned company has rescheduled for March 31 its board meeting to determine the issue price of its follow-on public offer, or FPO

Lumax Industries Ltd commences commercial production at new Sanand Plant

Lemon Tree: has signed a licence agreement for 132-room hotel project in Rishikesh, Uttarakhand. The property is likely to be operational by March 2025

Exide: approved scheme of amalgamation of wholly owned subsidiary Chloride Power Systems & Solutions with itself.

Welspun: company’s Saudi Arabia associate East Pipes Integrated Company for Industry has won an order of Rs 1,001.38 crore from Saline Water Conversion Corp.

Adani Group achieves financial closure of Navi Mumbai International Airport project

Rail Vikas Nigam enters into MoU with Jaykaycem Central Ltd

Rail Vikas Nigam: The firm will sign a memorandum of understanding with Bharat Electronics to explore feasibility and execution of large projects through special purpose vehicles and other consultancy and project management services

Emami: is looking to grow its personal and healthcare businesses in India mainly through acquisitions, Bloomberg reported. CFO N.H. Bhansali said the strategy is to grow through the inorganic route

Orissa Bengal Carrier wins tender from Vedanta Ltd

Hero MotoCorp : dismissed media reports of alleged bogus expenses incurred by the company. It also increased prices of its motorcycles and scooters by Rs 2,000 effective April 5.

ONGC: will sell 1.5% stake.The floor price is Rs 159 per share

Tata Consumer: acquired 10.15% stake in its UK arm for Rs 570.8 crore through a preferential issue of equity shares. TCP UK will become a wholly owned subsidiary upon completion of the deal & the company announces reorganization plan

ICICI Bank: has acquired 5.97% stake in Open Network for Digital Commerce for a consideration of Rs 10 crore.

State Bank of India: lender will acquire the entire stake (13.82%) of existing shareholders of SBI Global Factors. Shareholders include SlDBl, Bank of Maharashtra and Union Bank of India.

IDBI Bank to divest stake in Ageas Federal Life Insurance Company Ltd & IDBI Bank to sell its stake in NSDL

Marg subsidiary sells asset to Apollo Hospitals under SARFAESI act

Future Enterprises: firm's credit rating has been downgraded to ‘D’ by Care Ratings after it failed to pay Rs 19.16 crore to PNB, Canara Bank and Union Bank of India under the one-time resolution plan.