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    Stocks in the news: Landmark Cars, RIL, Abans Holdings, Yes Bank, Wipro and Dronacharya Aerial

    Synopsis

    Dalal Street will witness the debut of three company on Friday, December 23, 2022 including mainboard companies- Landmark Cars, and Abans Holdings- along withe SME player Dronacharya Aerial Innovations.

    Stock IdeasiStock
    Stocks in buzz: NPTC, Indian Hotels, Lupin, IRCTC, Mahindra Lifespace, India Cements, GR Infra, Ajanta Pharam, IFCI, Raitel and more
    Nifty futures on the Singapore Exchange traded 107 points, or 0.57 per cent lower at 18,071., signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today's trade:

    Landmark Cars: The car retailer and service provider will make its debut an the bourses on Friday. It had raised Rs 552 crore between December 13-15 and sold its shares Rs 481-506 apeice. The issue was overall subscribed more than three times.

    Abans Holdings:
    The financial services player will be listed at the bourses on Friday after running its a Rs 345.6 crore primary offering between December 12-15, which was sold in the range of Rs 256-270 apeice but the issue barely sailed through during the bidding process.

    Dronacharya Aerial Innovations:
    The SME player will be listed at BSE's SME platform on Friday after whopping 243.7 times subscription. The company sold its shares for Rs 54 apiece to raise about Rs 34 crore from the investors. The issue was open between December 13-15.

    Reliance Industries:
    Mukesh Ambani's conglomerate's arm Reliance Strategic Business Ventures has acquired 23.3 per cent stake in US-based Exyn Technologies Inc for $25 million. Exyn is a leading autonomy technology companies, which enable drones and robots to navigate difficult terrains without GPS or other navigation technologies.

    Wipro:
    The wholly-owned subsidiary of IT major, Wipro Gallagher Solutions, has sold its shareholding in Wipro Opus Risk Solutions. With this transaction, Wipro Gallagher has divested only the non-core mortgage due diligence business, while retaining the core mortgage business with itself through other subsidiaries.

    NTPC: The state run power giant said it has inked an agreement with GE Power India Limited to reduce carbon emission from its coal-fired units. This agreement aims at partnering on research, development and engineering of technologies that will enable NTPC to reduce the amount of coal fired at units.

    Yes Bank:
    The private lender has transferred invoked shares of seven companies, including Dish TV, Asian Hotels (North) and Avantha Realty, to JC Flowers Asset Reconstruction, which has been assigned to recover debt worth over Rs 48,000 crore of the bank.

    Indian Hotels Company: The Tata Group's hotel player has signed two Ginger branded hotels in Durgapur and Asansol in West Bengal. Durgapur and Asansol are major hubs for manufacturing industries. These two signings are in line with the company's strategy of strengthening its presence in the state.

    Lupin: The Pharmaceuticals firm said its US-based arm is recalling four lots of Quinapril tablets used to treat high blood pressure due to the presence of a nitrosamine impurity. The company's wholly-owned arm is recalling the said tablets due to the presence of a nitrosamine impurity, N-Nitroso-Quinapril.

    Indian Railway Catering and Tourism Corporation: The Government of India is proposing to offer up to 40 lakh equity shares of the company to the eligible employees at a price of Rs 680 per equity share. The offer for sale for employees will remain open from December 23 to December 26.

    India Cements: The cement player said fair trade regulator CCI has conducted a 'search' at its office in Chennai. The Chennai-based company added that it has not committed any breach of CCI regulations.

    Mahindra Lifespace Developers: The realty firm has completed the acquisition of a 9.24-acre land parcel in Mumbai from Mahindra & Mahindra Ltd for Rs 365 crore. In February this year, Mahindra Lifespace had announced that it would purchase the land in Kandivali, Mumbai from Mahindra & Mahindra for the development of a housing project.

    Zydus Lifesciences: The drug maker's subsidiary Zydus Worldwide DMCC has received final approval from the US health regulator to market its generic version of Selexipag tablets with 180 days of shared exclusivity. The approval granted by the USFDA is to market Selexipag tablets of strengths 200 mcg to 1,600 mcg.

    GR Infraprojects:
    The civil construction firm has received completion certificate from Authority's engineer for construction of eight lane access-control expressway carriageway in Madhya Pradesh. The authority has declared the said project fit for entry into commercial operation with effect from November 30, 2022.

    Ajanta Pharma:
    The promoter entities - Aayush Agrawal Trust and Ravi Agrawal Trust- divested 4.3 per cent stake or 54,92,846 shares in the pharma company at an average price of Rs 1,160.1 apiece for Rs 637.22 crore through open market transactions, as per block deal data with NSE.

    RailTel Corporation of India: The railway company has bagged the work order worth Rs 98.56 crore from Webel Technology for acting as system integrator for capacity enhancement of West Bengal state data centre, Monibhandar in Kolkata.

    IFCI: The infrastructure term lender said its shareholders have okayed a proposal to raise up to Rs 1,000 crore through bonds and other instruments. The resolution was passed at the company's annual general meeting (AGM) held on Thursday.

    Future Enterprises:
    The debt-ridden firm said it has defaulted on interest payment of Rs 86.18 lakh for its non-convertible debentures. The due date for payment was December 21, 2022. The debentures have a coupon rate of 9.55 per cent per annum.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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