Stocks to watch: Adani Enterprises, NDTV, P&G, Hindalco, NTCP

ndtvAdani Group on Tuesday launched a hostile takeover bid of NDTV with an open offer to acquire an additional 26% or 1.67 crore equity shares. 493 crores. Three Adani Group companies – Vishwapradhan Commercial Private Limited (VCPL) AMG Media Networks and Adani Enterprises Limited – have come out with a public announcement for the proposal under SEBI regulations. At the expense of 294 per share, the amount of the open offer will be 492.81 crores.

Adani Enterprises: Asia’s richest man Gautam Adani signaled serious intent for a play in India’s media and entertainment industry as his companies acquired a 29% stake in broadcaster NDTV Ltd and a bid to acquire an additional 26% from shareholders. Initiated an open offer, as mandated by law. , The takeover limited months of speculation about a potential takeover, which saw NDTV stock rise five times in nine months From 1st December to 75.55 376.55 on BSE on Tuesday).

NTPCState-owned power company NTPC to raise 2,000 crore through issuance of non-convertible debentures on private placement basis on Thursday. According to a regulatory filing, the proceeds will be used, inter alia, for capital expenditure financing, refinancing of existing loans and other general corporate purposes. The company has decided to issue unsecured non-convertible debentures of 2,000 crore as on August 25, 2022, through private placement at a coupon of 7.44% p.a. with door-to-door maturity of 10 years.

P&G Sanitation & HealthFMCG product maker Procter & Gamble Hygiene & Health Care Ltd on Tuesday reported a 13.12% fall in Profit After Tax (PAT) 42.55 crore during the fourth quarter ended June 30 due to rising commodity prices. The company, which follows the July-June financial year, had reported a PAT 48.98 crore in the corresponding quarter of the last financial year. Its revenue from the sale of products was down 3.8% 755.65 crore during the quarter under review, as against 785.58 crores of the same quarter.

HindalcoHindalco Industries Chairman Kumar Mangalam Birla on Tuesday said the company has earmarked total capital expenditure of about USD 8 billion over the next five years in its arm Novelis and in India. Novelis has a potential investment opportunity of US$4.5 billion. Birla was speaking at Hindalco’s AGM. He said the company has identified potential investment opportunities of about USD 3 billion in India.

HPCL: As part of its move towards increasing the green energy mix, state-run Hindustan Petroleum has announced a compressed biogas project from cow dung in Sanchore, Rajasthan. This is the oil major’s first project under the waste-to-energy portfolio and the plant proposes to use 100 tonnes of cow dung per day to produce biogas, which can be used as automotive fuel .

Devyani InternationalDunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, on Tuesday sold over 2% stake in restaurant operator Devyani International. 482 crore through open market transactions. Devyani International is an omnichannel restaurant and the largest franchisee of Yum Brands in India. As per the bulk deal data available with BSE, Dunearn Investments (Mauritius) Pte Ltd sold 2,63,29,516 shares, which is equivalent to 2.18% stake in the company.

Unichem LaboratoriesUnichem Laboratories Ltd. on Tuesday said it has received approval from the US health regulator to market its generic carbamazepine tablet, indicated as an anticonvulsant drug. Unichem said in a regulatory filing that the approval granted by the US Food and Drug Administration (USFDA) is for new drug applications (ANDA) of the 200 mg strength of carbamazepine tablets. This is the generic version of Tegretol (carbamazepine) tablets, Novartis Pharmaceuticals Corp’s 200 mg.

Tata MotorsTata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 MW onsite solar project at its commercial vehicle manufacturing facility here. The project will be an important step in expanding its renewable energy portfolio at its manufacturing facility, the company said in a statement on Tuesday. With this project, the onsite solar plant capacity of Tata Motors’ Jamshedpur facility will reach 14 MWp.

Kalpataru Power TransmissionState-owned SJVN Ltd. on Tuesday said that Kalpataru Power Transmission Ltd will construct 220 kV direct current single zebra transmission line for the 210 MW Luhri Hydro Electric Project Stage-1. Nand Lal Sharma, Chairman and Managing Director, SJVN said in a statement that the firm has entered into an agreement with Kalpataru for the construction of 220 KV D/C (Direct Current) Single Zebra Transmission Line for the 210 MW Luhri Hydro Electric Project Stage-I. has done. ,

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