Stocks to watch: Nuvoco Vistas, Auro Pharma, Ujjivan SFB, Adani Group cos

The shrewd futures on the SGX traded 172 points higher at 16,577 at 8:40 am, indicating a start of a gap for the benchmarks on Monday.

Here are the main actions to follow during today’s session:

Register today: Nuvovo Vistas shares will be listed on the stock exchange today. The initial public offering was subscribed 1.7 times. The issue price was set at Rs 570 per share.

Actions of the Adani Group: Market regulator Sebi kept the proposed initial sale of Rs 4,500 crore from edible oils major Adani Wilmar on “hanging”. The company had filed preliminary documents with Sebi on August 3, to raise funds through an initial public offering (IPO).

Aurobindo Pharma: The company said its agreement of Rs 420 crore to acquire 51% stake in Cronus Pharma Specialties India or Cronus has been canceled. On August 12, the company announced that it had reached definitive agreements to subscribe for new shares in the Hyderabad-based company Cronus.

Bank of Karnataka: The lender plans to raise up to Rs 6,000 crore of loan capital during the current fiscal year, and will seek shareholder approval at the AGM that will follow next month.

Ujjivan SFB: Struggling with huge NPAs and high-profile exits, Ujjivan Small Finance Bank is expected to elevate its COO Carol Furtado to interim leader earlier this week. The chief executive and managing director of the bank, Nitin Chugh, resigned Thursday, August 19, 2021, citing personal reasons.

Eicher Engines: Shareholders at the recent annual general meeting (AGM) of Eicher Motors rejected a proposal to reappoint Siddhartha Lal as the company’s chief executive for a period of five years from May 1 of this year.

Inventories related to infra: Finance Minister Nirmala Sitharaman will launch the National Monetization Pipeline (NMP) on Monday which will include the Centre’s four-year plan to monetize its brownfield infrastructure assets.

GAIL: India’s leading gas company GAIL will embark on hydrogen production and take the acquisition route to expand its renewable energy portfolio as it pivots its business beyond natural gas to align on the energy transition observed around the world.

Ambuja cement: The company’s new Rs 2,350 crore integrated plant in Nagaur district began testing on Saturday. The integrated plant – Marwar Cement Works – increases the company’s clinker capacity by 3 million tonnes per year (MTPA) and helps improve cement sales by 5 MTPA, according to a statement from Ambuja Cements, which makes part of the Swiss building materials group Holcim (earlier LafargeHolcim).

NTPC: The company has announced the commercial commissioning of a 15 MW capacity in the floating solar photovoltaic project in Simhadri, Andhra Pradesh. With this, the installed capacity of the floating solar photovoltaic project in Simhadri amounts to 25 MW.

Arvind Modes: India’s leading casual wear and denim maker said it had raised Rs 439 crore from various high-profile investors, including developers, by issuing shares in the company.

AAVAS financiers: On Friday, two promoters of AAVAS Financiers unloaded shares worth more than Rs 751 crore, through open market transactions. Partners Group ESCL Ltd and Partners Group Private Equity (Master Fund) LLC sold shares for Rs 522.09 crore and Rs 229.11 crore, respectively. The scripts were sold for an average price of Rs 2,452.5 per script, according to BSE bulk trading data.

Coal from India: State-owned CIL said on Friday its capital spending more than doubled to Rs 1,840 crore in the first quarter of 2021-2022, from Rs 844 crore in the quarter last year.

Cadila Health: Zydus Cadila has received Emergency Use Clearance (EUA) from the Drug Controller General of India (DCGI) for ZyCoV-D, the world’s first plasmid DNA vaccine for Covid-19.

KCP Sugar & Industries Corporation: CARE downgraded the rating of long-term bank facilities to A- from A and the outlook to Negative from Stable.

Adani Total Gas: The town gas joint venture of the Adani group and TotalEnergies of France – has acquired a 50 percent stake in a company that manufactures gas meters to aid its retail gas operations. The company bought 50% of Smartmeters Technologies (SMTPL) for 1 crore rupees, according to a company’s filing with the exchanges.

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