Adani Port has finally got its hold on 10.4 % stake of Andhra Pradesh’s Government in GPL (Gangavaram Port Limited) at a valuation of Rs. 645 crore.
Flagging the Dalal Street’s move as it heads for an after-break start on September 23, 2021, Nifty futures on SGX (Singapore Exchange) trading 103.50 points, higher at 17,656.50.
Following are the top track-worthy stocks to eye on today:
Infosys
On September 22, 2021, the IT service giant, Infosys made a declaration of joining hands with Amazon Web Services (AWS) with the view of infusing the company with quantum computing capabilities as well as use cases. The information-tech platform will utilize ‘Amazon Braket’ in order to prospect and develop numerous use cases in quantum computing contributing to the Infosys Cobalt cloud plans.
Zee Entertainment (ZEEL)
The latest collaboration of the media and entertainment companies, Zee Entertainment and Sony Pictures Network India will witness the promoters of Zee getting an extra 2 % stake as a part of the non-binding statutory deal. Furthermore, as announced on Wednesday, Punit Goenka will continue its position in the merged entity as its CEO (Chief Executive Officer) and Managing Director which stands as a crucial term in the agreement.
IDFC
On Wednesday, IDFC’s shareholders gave disapproval on the reappointment of Vinod Rai, the former CAG, as the company’s non-executive chairman. On the 24th AGM of the company, the vote was passed for the appointment of Rai as the non-executive board member. However, he couldn’t secure the required percentage of votes for the position which was formerly scheduled till May 22, 2023.
Adani Ports
APSEZ (Adani Ports and Special Economic Zones) reportedly announced on September 22, 2021, that it has finally got its hold on 10.4 % stake of Andhra Pradesh’s Government in GPL (Gangavaram Port Limited) at a valuation of Rs. 645 crore. The deal got approved by the Competition Commission of India on Monday.
Established on September 27, 2001, GPL is situated in the northern region of Andhra Pradesh, adjacent to Vizag Port.
Bharti Airtel
Indian telecom service major, Bharti Airtel will launch the issue of right shares to its shareholders worth Rs. 21,000 crore dated on October 5, 2021. Also, the company has scheduled the record date on September 28 in order to distribute entitlement on the rights issue.
Vodafone Idea
After the government brings forth comprehensive guidelines on the provisions of telecom reform, Vodafone Idea is sketching out plans to ask the board’s approval in order to extend funds. On Wednesday, it was brought into notice that the company’s promoters will also be handed the opportunity to take part in the round of raising funds.
Jubilant Ingrevia
Jubilant Life Sciences International, the subsidiary of Jubilant ingrevia had announced on Wednesday that it had divested 10 % of its stake for a financial consideration of around Rs. 134.2 crore ($18.2 million) in Safe Foods establishment. Jubilant Ingrevia share price went down by 1.59 % on BSE (Bombay Stock Exchange).
RattanIndia Enterprises
The electric power distribution corporation, RattanIndia on September 22, disclosed the latest launch of its drone-based platform along with its 100 per cent subsidiary Neosky India. The subsidiary is expected to create a technologically advanced drone-based system platform piloting the focus of operations on Indian industries.
Amtek Auto
The establishment will be delisted from the Stock Exchange after the approval received from the Bombay Stock Exchange as well as National Stock Exchange of India. Additionally, as a recent update, Ram Singh Poswal is positioned as CEO (Chief Executive Officer) of the company.
