{"id":28255,"date":"2025-08-28T07:46:11","date_gmt":"2025-08-28T07:46:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/28255\/"},"modified":"2025-08-28T07:46:11","modified_gmt":"2025-08-28T07:46:11","slug":"all-you-need-to-know-going-into-trade-on-aug-28","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/28255\/","title":{"rendered":"All You Need To Know Going Into Trade On Aug. 28"},"content":{"rendered":"
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    Interglobe Aviation:\u00a0<\/strong>Promoters are likely to offload a stake worth Rs 7,028 crore in a block deal, according to the term sheet accessed by NDTV Profit. The offer price for the issue has been set at Rs 5,808 per share, indicating a 4% discount to the previous closing price of Rs 6,050 apiece. Co-founder Rakesh Gangwal and the Chinkerpoo Family Trust will together offload up to 1.21 crore shares, representing a 3.1% stake in the company that operates flights under the name IndiGo.<\/p>\n<\/li>\n

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    Biocon:<\/strong>\u00a0The arm received tentative approval from the US Food And Drugs Administration for Sitagliptin Tablets. Sitagliptin Tablets are used to improve glycemic control in adults with type 2 diabetes mellitus.<\/p>\n<\/li>\n

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    JSW Steel:\u00a0<\/strong>The company received a certificate confirming the incorporation of the joint venture \u2018APJSW Private Ltd\u2019. APJSW is a joint venture between JSW Steel & Andhra Pradesh Mineral Development Corp. APJSW Private Limited has a registered office in Vijayawada, Andhra Pradesh.<\/p>\n<\/li>\n

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    Aditya Birla Capital:<\/strong>\u00a0Reserve Ba granted ‘in-principle’ authorization to arm to operate as an online payment aggregator.<\/p>\n<\/li>\n

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    Jaiprakash Associates:\u00a0<\/strong>CCI approved the acquisition of Jaiprakash Associates by Adani Group entities.<\/p>\n<\/li>\n

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    Hubtown:<\/strong>\u00a0The board approved the amalgamation of Distinctive Realty with Amazia Developers and approved the amalgamation of Nitant Real Estate & Amazia Developers with the company.<\/p>\n<\/li>\n

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    SBI Cards:<\/strong>\u00a0The company signed an agreement with Flipkart to launch the Flipkart SBI co-branded credit card.<\/p>\n<\/li>\n

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    BSE:\u00a0<\/strong>Arms BSE Investments & BSE Administration and Supervision to merge with BSE Technologies.<\/p>\n<\/li>\n

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    Thirumalai Chemicals:\u00a0<\/strong>The company approved an allotment of 1.62 crore shares aggregating to Rs 450 crore on a private placement basis.<\/p>\n<\/li>\n

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    United Breweries:\u00a0<\/strong>The company is making an investment of Rs 90 crore to expand its capacity by 0.4 million liters at the existing Nizam Brewery in Telangana.<\/p>\n<\/li>\n

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    Navin Fluorine:<\/strong>\u00a0The company allotted nearly 20 crore preference shares aggregating to Rs 200 crore.<\/p>\n<\/li>\n

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    Graphite India:<\/strong>\u00a0The company increased its stake in Godi India to 45.76% via Rs 18.65 crore rights issue.<\/p>\n<\/li>\n

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    Dr Reddy\u2019s Labs:\u00a0<\/strong>The company received an interim stay from the Telangana High Courts on I-T reassessment proceedings related to Reddy\u2019s holding merger.<\/p>\n<\/li>\n

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    Jana Small Finance Bank:<\/strong>\u00a0The company received a Goods And Services Tax demand of Rs 28.5 crore including a penalty from the Karnataka Tax Body.<\/p>\n<\/li>\n

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    SMS Pharma:<\/strong>\u00a0The company received an Establishment Inspection report with a No Action Indicated status from USFDA for the company\u2019s central laboratory analytical services in Hyderabad.<\/p>\n<\/li>\n

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    Ratnamani Metals:\u00a0<\/strong>The company incorporated the arm Ratnamani Middle East company in the Kingdom of Saudi Arabia.<\/p>\n<\/li>\n

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    Escorts Kubota:<\/strong>\u00a0The company launched Kubota MU4201 Tractor.<\/p>\n<\/li>\n

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    Oil India:<\/strong>\u00a0The company executed a joint venture agreement with Bharat Petroleum Corporation Ltd. for City Gas Distribution in Arunachal Pradesh.<\/p>\n<\/li>\n

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    Newgen Software:\u00a0<\/strong>The company received a Rs 73 crore order for scanning and digitisation services.<\/p>\n<\/li>\n

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    Mahanagar Gas:\u00a0<\/strong>The company received Goods and Services Tax demand of Rs 54 crore from Mumbai tax body.<\/p>\n<\/li>\n

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    Kothari Industrial Corp:\u00a0<\/strong>The company re-appointed Rafiq Ahmed as Executive Chairman & MD effective Sept. 28. Additionally, approved the issuance of 17 lakh shares at an issue price of Rs 207 per share aggregating to Rs 35 crore on preferential basis.<\/p>\n<\/li>\n

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    NLC India:<\/strong>\u00a0The company declared commercial operation of 52.83 MW capacity of solar power project in Rajasthan.<\/p>\n<\/li>\n

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    Power Grid Corp:\u00a0<\/strong>The company approved the proposal to implement NERES-XXIII at estimated cost of Rs 209.4 crore.<\/p>\n<\/li>\n

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    Nuvoco Vistas Corp:\u00a0<\/strong>The company approved conversion of part of unsecured loan payable by arm worth Rs 508 crore.<\/p>\n<\/li>\n

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    Mahindra Logistics:<\/strong>\u00a0Saurabh Taneja resigned as chief financial officer with effect from Sept.19 and appointed Isha Dalal as CFO effective from Sept. 22.<\/p>\n<\/li>\n

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    Power Grid Corp:<\/strong>\u00a0The company approved proposal to implement NERES-XXIII at estimated cost of Rs 209.4 crore. NERES-XXIII is north-eastern region expansion scheme-XXIII.<\/p>\n<\/li>\n

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    Tata Steel:<\/strong> The company has acquired 353 crore shares worth Rs 3,104 crore in its subsidiary, T Steel Holdings Pte.<\/p>\n<\/li>\n

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    Bajaj Finserv:<\/strong> The company has incorporated a new arm called Bajaj Technology Services.<\/p>\n<\/li>\n

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    PB Fintech:<\/strong> The Board has re-appointed Alok Bansal as Executive Vice Chairman and Yashish Dahiya as Chairman, ED, and CEO, both for a five-year term starting in 2026.<\/p>\n<\/li>\n

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    Nazara Tech:<\/strong> The company\u2019s arm, Kiddopia Inc, has signed a loan pact with its UK arm for an unsecured loan of up to Rs 8.73 crore. Separately, its arm Sportskeeda Inc has signed a loan pact with its UK arm for an unsecured loan of up to Rs 5 crore. Additionally, its arm, Nazara Tech (Mauritius), has signed a loan pact with its UK arm for an unsecured loan of up to Rs 4 crore.<\/p>\n<\/li>\n

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    Muthoot Finance:<\/strong> The company has approved the pricing of $600 million of 6.375% fixed-rate notes, due in 2030, under its $2 billion Global Medium Term Note (GMTN) Programme.<\/p>\n<\/li>\n

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    Zaggle Prepaid:<\/strong> The company has entered into a five-year agreement with Standard Chartered Bank. It will act as a solution provider by offering its prepaid payment instruments platform to the bank’s corporate customers.<\/p>\n<\/li>\n

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    Utkarsh Small Finance:<\/strong> The Bank\u2019s total disbursements in the micro banking portfolio were Rs 1,241 crore, with a gross loan portfolio of Rs 9,079 crore. In the non-micro banking portfolio, total disbursements were Rs 1,028 crore and the gross loan portfolio stood at Rs 10,145 crore.<\/p>\n<\/li>\n

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    Piccadily Agro & Industries:<\/strong> The company has sold over 2 million bottles of its single malt brand in calendar year 2024, making it the number one single malt and setting a historic record.<\/p>\n<\/li>\n

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    VIP Industries: <\/strong>The promoters of the company have agreed to sell 4.54 crore equity shares to certain purchasers, which will result in an open offer and a change in the company\u2019s control.<\/p>\n<\/li>\n

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    Uno Minda:<\/strong> Kulithalai Srinivasan Ramesh has stepped down from his position as CEO of the company\u2019s ACS Domain. Sanjeev Kulkarni has been appointed to the role.<\/p>\n<\/li>\n

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    SW Solar:<\/strong> The company has received an order from Tamil Nadu GST authorities for a tax shortfall of approximately Rs 5.74 crore, including penalty and interest, and plans to file an appeal.<\/p>\n<\/li>\n

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    Jaiprakash Power:<\/strong> The company is considering a proposal to set up a 50 MW solar PV power plant in Madhya Pradesh.<\/p>\n<\/li>\n

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    Sanathan Textiles: <\/strong>The company has commenced commercial production at its new green manufacturing facility in Punjab.<\/p>\n<\/li>\n

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    Texmaco Rail & Engineering:<\/strong> The company has approved the incorporation of a JV with Rail Vikas Nigam Limited for rolling stock and rail infrastructure projects.<\/p>\n<\/li>\n

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    HG Infra:<\/strong> The company\u2019s arm has achieved financial closure for a road upgradation project in Gujarat valued at Rs 781.11 crore. The project involves upgrading a 10.630 km stretch of NH 47 from Narol Junction to Sarkhej Junction.<\/p>\n<\/li>\n

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    Deepak Fertilisers:<\/strong> The company has received a notice from the Income Tax Department, reducing the tax demand by Rs 20.52 crore for 2013-14 and Rs 45.66 crore for 2014-15.<\/p>\n<\/li>\n

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    G R Infraprojects:<\/strong> The company has received an LOI from REC for a transmission system project in Madhya Pradesh with annual transmission charges of Rs 3,670.73 million.<\/p>\n<\/li>\n

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    Dr Agarwal\u2019s Eye Hospital:<\/strong> The company has approved the amalgamation of Dr Agarwal\u2019s Health Care with itself, along with a preferential allotment of 130,000 shares to AHCL at Rs 5,270 per share.<\/p>\n<\/li>\n

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    Manappuram Finance:<\/strong> The company has signed a deal worth over Rs 4,384 crore with BC Asia Investments and a promoter group. BC Asia Investments will subscribe to 9.29 crore shares worth Rs 2,192 crore at Rs 236 per share and acquire control, becoming a co-promoter.<\/p>\n<\/li>\n

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    KRBL:<\/strong> The company has received a penalty worth Rs 5.6 crore from the Customs Department.<\/p>\n<\/li>\n

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    Samhi Hotels:<\/strong> The company\u2019s arm has signed a lease agreement for a 260-room hotel in Hyderabad, which will be part of a mixed-use development project.<\/p>\n<\/li>\n

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    Samvardhana Motherson:<\/strong> The company has incorporated a new, wholly owned subsidiary named Motherson Manufacturing.<\/p>\n<\/li>\n

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    Adani Energy Solutions:<\/strong> The company has incorporated a wholly owned subsidiary named Adani Energy Solutions Step-Fifteen.<\/p>\n<\/li>\n

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    Himadri Speciality Chemical:<\/strong> The company has received ISCC PLUS Certificatio<\/p>\n<\/li>\n","protected":false},"excerpt":{"rendered":"Interglobe Aviation:\u00a0Promoters are likely to offload a stake worth Rs 7,028 crore in a block deal, according to…\n","protected":false},"author":2,"featured_media":28256,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[18364,79,18,19,17,188,2654,18365,2207],"class_list":{"0":"post-28255","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bse","9":"tag-business","10":"tag-eire","11":"tag-ie","12":"tag-ireland","13":"tag-markets","14":"tag-nifty-50","15":"tag-nse","16":"tag-share-market-today"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/28255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=28255"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/28255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/28256"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=28255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=28255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=28255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}