Action is seen on the shares of the stock companies of the listed companies of the stock market or the decisions taken by the government. Some companies announce their decisions after market close and some companies make their decisions public during market hours. Sometimes such information about companies is also filtered from other sources, which has a favorable or unfavorable effect on their stocks. Keeping this in mind, we provide daily information about such stocks or companies in the form of Buzzing Stocks for the investors, which will be in the headlines or focus during the market today due to some reason.
The Government of India proposes to sell over 9.43 crore equity shares (0.75 per cent of the total paid-up equity) on March 30 and March 31. The government also has the option to sell over 9.43 crore equity shares through OFS, which collectively hold 1.5 per cent. The floor price for the offer has been fixed at Rs 159 per share.
The company will increase the ex-showroom prices of its motorcycles and scooters with effect from April 5, 2022, to partially offset the impact of increase in commodity prices.
The company said the board has approved the preferential issue of equity shares worth Rs 23.99 crore and convertible warrants worth Rs 7.99 crore. It also approved investment for up to 55 per cent equity in Cary Chemicals and Fertilizers.
The company has tied up with Pegasus Inland Container Depot Private Limited (PICDPL) for sale/transfer of Private Freight Terminal (PFT) for Rs 33 crore.
The company signed an MoU with Jaykesem (Central), a wholly owned subsidiary of JK Cement.
Direct Deal 20 such stocks in which you can make strong earnings by trading
The board re-approved the approval for issue of non-convertible debentures on private placement basis up to Rs 2,265 crore.
The board has given in-principle approval for disinvestment of up to 11.10 per cent stake of the bank in National Securities Depository (NSDL) through a market driven process and the sale of the bank’s entire stake in Ageas Federal Life Insurance Company to Ageas Insurance International NV (Ageas). has also been approved.
R Ananthanarayanan has resigned as Managing Director and CEO of the company to pursue his personal interests outside the organization. The company’s founder and chairman (non-executive director) Arun Kumar has been appointed as the executive chairman and managing director.
The board has approved raising funds up to Rs 50 crore through rights issue.
Clean Science and Technology
The company has invested Rs 55 crore in its subsidiary Clean Fino-Chem through a rights issue.
The meeting of the Board of Directors to determine the issue price and anchor investor issue price follow-on public offer of the company has been rescheduled for March 31. Earlier it was scheduled on March 29.
,