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 billionaire Anil Agarwal-owned company has entered into some long-term power security agreements for green and renewable energy (RE) power for Hindustan Zinc, Bharat Aluminum Company and Vedanta (Jharsuguda Aluminum Operations) through captive power projects. These projects will be completed through dedicated Special Purpose Vehicle (SPV) for each company.
Southern Online Bio Technologies
The board has decided to divest 100 percent stake in the company’s subsidiary, Southern Biofe Biofuels. The company will get Rs 34.32 lakh in lieu of disinvestment.
Nuvoco Vistas Corporation
The company has made timely payment of redemption amount and interest for its non-convertible debentures of Rs 400 crore.
The company has signed an agreement to sell its 64.98 percent stake in Maharashtra Transmission Communication Infrastructure (MTCIL). Agreed to be received in multiple tranches of a total of Rs 43 crores.
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The company has received work orders from State Urban Development Agency, West Bengal for imparting skill training in Apparel, Tourism, Electronics, Management and Telecom Sectors. The work order is worth Rs 2.93 crore
The Board has approved an issue price of Rs 650 per equity share for its follow-on public offer.
The National Company Law Tribunal has approved the merger plan of WeP Digital Services with the company.
HDFC Asset Management Company
Life Insurance Corporation of India bought 2.02 per cent stake in the company through an open market transaction. With this, its stake in the company has increased to 7.02 per cent from the earlier 5 per cent.
The company has opened 3 new showrooms and shops at various locations in India during March 2022. Now the total number of showrooms and shops of the company has gone up to 378.
The subsidiary Gurgaon Sohna Highway Private Limited has received the provisional certificate for the project in Haryana.
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