15 stocks to watch: Honasa, Varun Beverages, NBCC, TMPV, Cipla and more
From new projects and preferential allotments to stake sales, regulatory developments and strategic partnerships, several companies have reported updates that could influence investor sentiment today
Honasa Consumer has dropped its bid to acquire a 58% stake in Fluence Pharma due to non-compliance with closing conditions. Varun Beverages approved the formation of KIVA Spirits and Company Ltd., a wholly-owned subsidiary focused on RTD alcoholic beverages and allied products. Varun is also establishing a joint venture in Tunisia to manufacture and distribute carbonated soft drinks, juices, water, and dairy products.
Welspun Corp may see a large block deal as its promoter group and CEO Vipul Mathur aim to sell up to 6.3 million shares through an institutional placement, raising up to ₹1,417 crore at a floor price. Tata Communications and Tata Motors Passenger Vehicles (TMPV) partnered to power the new Sierra.ev electric vehicle, featuring 5G cellular connectivity for future Software-Defined Vehicles.
Cipla notified the stock exchanges of receiving seven observations from the US FDA during a recent inspection at its Pithampur facility, with the company committing to address these concerns. Citadel Realty and Developers Ltd approved the transfer of a 1,880.80 square meter freehold land parcel in Bhandup, Mumbai, to a related party.
HEG Ltd completed its Composite Scheme of Arrangement, leading to the creation of two independent listed entities, with the Effective Date set for September 1 and the Record Date for September 7. Ather Energy Ltd approved the allotment of 16,26,016 fully paid-up equity shares and 79,36,507 convertible warrants, totaling around Rs 1,200 crore.
Monarch Surveyors and Engineering Consultants Ltd received a work order for selecting agencies for Licensed Surveyors for Buldhana's District Superintendent of Land Records, valued at Rs. 10.40 crore. Sai Parenterals Ltd's Australian subsidiary, Noumed Pharmaceuticals Pty Ltd, renewed its OTC Medicines Supply Agreement with a major Australian pharmacy chain, worth AUD 30 million (approximately Rs 204.0 crore).
Advait Energy Transitions Ltd secured a significant domestic work order of Rs 134.62 crore for a turnkey project in Madhya Pradesh. ARSS Infrastructure Projects Ltd got a major infrastructure work order of Rs 104.06 crore from East Coast Railway for constructing two Road Over Bridges. NBCC was appointed as the Project Management Consultant for constructing 170 new school buildings in Rajasthan.
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