Stocks in News
NTPC: The country's largest power generation company has signed a non-binding Memorandum of Understanding with Tecnimont, Indian subsidiary of Maire Tecnimont Group based in Italy. They jointly will evaluate and explore the possibility to develop commercial scale green methanol production facility at a NTPC project in India.
Time Technoplast: The company has received prestigious repeat order worth Rs 75 crore, from Adani Total Gas for supply of CNG cascades made from Type-IV composite cylinder. The delivery of these cascades will begin from January 2023.
Nureca: Promoter Payal Goyal has sold 2.74% stake in the company via open market transactions during November 29 and December 22 this year. With this, her stake in the company reduced to 29.83%, from 32.57% earlier.
GR Infraprojects: The company has received completion certificate for Expressway carriageway in Madhya Pradesh, from Authority's Engineer and has declared the project fit for entry into commercial operation with effect from December 20. The said project on EPC mode under Bharatmala Pariyojana has been completed by the company, which had contract cost of Rs 991 crore.
Dev Information Technology: The Ahmedabad-based IT services & products company has sold 5.45% stake in Dev Accelerator (DevX), a managed co-working space business, at a valuation of Rs 104 crore. This secondary sale will bring down Dev IT's shareholding in DevX from 41.26% to 35.81%.
Share India Securities: The company has received board approval for fund raising via rights issue to eligible equity shareholders, up to Rs 1,000 crore. It is going to appoint Corporate Professionals Capital as a lead Manager to the issue.
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