Latest news with #ABFRL
Business Standard
2 days ago
- Business
- Business Standard
Stock Alert: Mastek, Kaynes Tech, Kamat Hotels, Uno Minda, Natco Pharma
Securities in F&O ban: Aditya Birla Fashion & Retail (ABFRL), Biocon, Central Depository Services (CDSL), HUDCO, Indian Renewable Energy Development Agency (IREDA), Manappuram Finance, RBL Bank and Titagrah Rail Systems shares are banned from F&O trading on 20 June 2025. Stocks to Watch: Mastek announced the launch of a comprehensive suite of AI solutions and services aimed at accelerating AI innovation and driving enterprise-wide AI adoption. Kaynes Technology Indias board approved raising funds via QIP with floor price of Rs 5,625.75 per share, marking a 1.67% discount to the last closing price. Kamat Hotels (India) has entered into shareholders arrangement agreement to acquire control in Ilex Developers & Resorts. Uno Mindas board approved the detailed project report (DPR) for setting up its new manufacturing facility of the casting division at Sambhaji Nagar, Aurangabad to carter the increasing demands of OEMs for casting parts in EV Vehicles. Axiscades Technologies has signed a strategic memorandum of understanding (MoU) with Aldoria, a European leader in space surveillance and situational awareness (SSA), aimed at bolstering Indias ability to monitor, manage, and secure its space assets amidst growing global activity in orbit. Natco Pharma informed that the U.S. Food and Drug Administration (USFDA) had conducted an inspection at its pharma division located in Kothur, Hyderabad, India, which was conducted from June 9th June 19th, 2025. The company has received 7 (Seven) observations in the Form-483. Sudarshan Pharma Industries board approved the proposal for raising Rs 1,500 crore through various instruments via different modes. United Spirits announced taking a majority controlling stake in NAO Spirits at an enterprise value of Rs 130 crore ($15.2 million), resulting in NAO Spirits becoming a subsidiary of the company.
Economic Times
3 days ago
- Business
- Economic Times
Aditya Birla Lifestyle Brands to list on BSE on June 23, post ABFRL demerger
The stock will be placed in the list of T Group of Securities and will be in the Trade-for-Trade segment for 10 trading days. Under the demerger plan, ABFRL has transferred its Madura Fashion & Lifestyle business to Aditya Birla Lifestyle Brands. Shareholders will receive one ABLBL share for each ABFRL share they hold, in addition to retaining their existing ABFRL shares. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Aditya Birla Lifestyle Brands Limited (ABLBL) will get listed on BSE from Monday, June 23, following its demerger from Aditya Birla Retail and Fashion Limited (ABFRL).The stock will be placed in the list of T Group of Securities and will be in the Trade-for-Trade segment for 10 trading days, a BSE notice issued today the scheme of arrangement, ABFRL has demerged its Madura Fashion & Lifestyle (MFL) business and vested it into Aditya Birla Lifestyle shareholders of ABFRL will get one share of ABLBL for every one share in ABFRL in addition to their existing shareholding in business assets and liabilities will be split between the two companies per the prescribed regulatory provisions. In line with this, the overall ABFRL borrowing, which is estimated to be Rs 3,000 crore as of March 31, 2024, will be split between the two estimated debt to be transferred to ABLBL will be Rs 1,000 crore, and the balance will continue to stay with demerger is expected to unlock value for the shareholders of ABFRL as each of the listed entities will have their distinct capital structures, independent growth trajectories and value creation opportunities, a company filing plans to raise Rs 2,500 crore equity capital within 12 months of demerger with promoter read: HDB Financial's Rs 12,500 crore IPO to open on June 25, price band announcement later Before the scheme, the paid-up equity capital of ABLBL was Rs 5 lakh, consisting of 50,000 equity shares of Face Value of Rs 10/- each, which shall be cancelled.
Time of India
3 days ago
- Business
- Time of India
Aditya Birla Lifestyle Brands to list on BSE on June 23, post ABFRL demerger
Shares of Aditya Birla Lifestyle Brands Limited (ABLBL) will get listed on BSE from Monday, June 23, following its demerger from Aditya Birla Retail and Fashion Limited (ABFRL). The stock will be placed in the list of T Group of Securities and will be in the Trade-for-Trade segment for 10 trading days, a BSE notice issued today said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tausende schwärmen von diesem Nagelpilz-Gerät – wir haben es überprüft Med-Aktuell Undo Under the scheme of arrangement, ABFRL has demerged its Madura Fashion & Lifestyle (MFL) business and vested it into Aditya Birla Lifestyle Brands. The shareholders of ABFRL will get one share of ABLBL for every one share in ABFRL in addition to their existing shareholding in ABFRL. The business assets and liabilities will be split between the two companies per the prescribed regulatory provisions. In line with this, the overall ABFRL borrowing, which is estimated to be Rs 3,000 crore as of March 31, 2024, will be split between the two companies. Live Events The estimated debt to be transferred to ABLBL will be Rs 1,000 crore, and the balance will continue to stay with ABFRL. The demerger is expected to unlock value for the shareholders of ABFRL as each of the listed entities will have their distinct capital structures, independent growth trajectories and value creation opportunities, a company filing said. ABFRL plans to raise Rs 2,500 crore equity capital within 12 months of demerger with promoter participation. Also read: HDB Financial's Rs 12,500 crore IPO to open on June 25, price band announcement later Before the scheme, the paid-up equity capital of ABLBL was Rs 5 lakh, consisting of 50,000 equity shares of Face Value of Rs 10/- each, which shall be cancelled.
Business Standard
4 days ago
- Business
- Business Standard
Stock Alert: Ugro Capital, Heranba Inds, Polycab India, EMS, Manba Finance
Securities in F&O Ban: Aditya Birla Fashion & Retail (ABFRL), Birla Soft, Central Depository Services (CDSL), Chambal Fertilisers & Chemicals, HUDCO, Indian Renewable Energy Development Agency (IREDA), Manappuram Finance, RBL Bank and Titagrah Rail Systems shares are banned from F&O trading on 18 June 2025. Stocks to Watch: Ugro Capital has executed a share purchase agreement with Profectus Capital (Profectus) to acquire 100% stake of profectus for total consideration of Rs 1,398.60 crore. Heranba Industries chief financial officer (CFO), Rajkumar Bafna has tendered his resignation with effect from closing business of 30 June 2025. Polycab India has executed an agreement with BSNL as the project implementation agency (PIA) for design, supply, construction, installation, upgradation, operation and maintenance of middle mile network of Bharat Net in Karnataka, Goa and Puducherry Telecom Circle against Package No. 4 amounting Rs 6,447.54 crore (inclusive of GST). EMS has secured the lowest bidder status by UP Jal Nigam (Urban) for construction of various components for sewerage and sewage treatment scheme zone-1 Fatehpur, Uttar Pradesh. The order is worth Rs 183.81 crore. Sanghvi Movers informed that Ministry of Corporate Affairs has approved the change of name of wholly owned subsidiary company from Samo Renewables to Sangreen SioRenew with effect from 17 June 2025. Neuland Laboratories compliance officer has received an administrative warning letter from deputy general manager, SEBI regarding violation of SEBI (Prohibition of Insider Trading) Regulations, 2015) by a designated person. Manba Finances board will meet on Friday, 20 June 2025 to consider issuing debt securities upto Rs 200 crore on a private placement basis. Bombay Stock Exchange (BSE) informed that SEBI has approved Thursday as the revised expiry day for its derivatives contracts.
Business Standard
5 days ago
- Business
- Business Standard
Stock Alert: Zee Entertainment, Hikal, NTPC, Biocon, Hyundai Motor India
Secutries in F&O Ban: Aditya Birla Fashion & Retail (ABFRL), Birla Soft, Central Depository Services (CDSL), Chambal Fertilisers & Chemicals, HUDCO, Indian Renewable Energy Development Agency (IREDA), Manapurram Finance, RBL Bank and Titagrah Rail Systems shares are banned from F&O trading on 17 June 2025. Stocks to Watch: Zee Entertainments board approved the proposal to raise Rs 2,237 crore from promoter entities via issuing 16.95 crore warrants at issue price of Rs 132 per share. The warrants are proposed to be allotted to Altillis Technologies and Sunbright Mauritius Investments. Biocons board approved the issuance of qualified institutional placement (QIP) of Rs 4,500 crore at floor price of Rs 340.20 per equity share. Hikal has successfully passed the Brazilian Health Regulatory Agencys (ANVISA) GMP audit for its manufacturing unit located at Jigani in Bengaluru, Karnataka. The inspection, carried out by ANVISA, Brazil GMP (good manufacturing practices), was for multiple APIs which occurred from April 14th to April 18th, 2025. Hyundai Motor India has successfully commenced production of Passenger Vehicle Engines at its manufacturing facility Talegaon Plant located at Plot No. A-16, MIDC, Talegaon Industrial Area, Phase-II Expansion, Pune, Maharashtra, with effect from 16 June 2025. NTPCs board has scheduled a meeting on 21 June 2025, to consider the issuance of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs) aggregating upto Rs 18,000 crore, subject to approval of shareholders.
