stock news as of March 26, 2025:
- Maruti Suzuki:
- Received a draft tax assessment of Rs 2,666 crore for FY22.
- Company anticipates no financial impact from this assessment.
- NBCC:
- State-owned NBCC (India) Ltd secured a Rs 439 crore contract.
- Deal awarded by Uttarakhand Investment and Infrastructure Board (UIIDB).
- Federal Bank:
- Set to acquire a 4% stake in Ageas Federal Life Insurance.
- Acquisition cost: Rs 97.4 crore for 3.2 crore shares.
- IREDA:
- Raised Rs 910 crore through bond issuance.
- Funds will boost Tier-II capital, enhancing net worth and capital-to-risk-weighted assets ratio.
- ONGC:
- Plans to invest Rs 3,300 crore in its subsidiary, ONGC Green.
- ONGC Green will use funds to acquire 100% of Ayana Renewable Power.
- TVS Motor:
- TVS Motor (Singapore), a subsidiary, to buy an additional 8.26% stake in GO Corporation, Switzerland.
- Deal valued at CHF 500,000.
- DLF:
- DLF arm, DLF Home Developers, acquired a 49.997% stake in DLF Urban.
- Acquisition cost: Rs 496.73 crore from Reco Greens Pte.
- Waaree Energies:
- Set to launch a 5.4 GW solar cell manufacturing plant in Chikhli, Navsari, Gujarat.
- Inauguration scheduled for March 29, 2025.
- Indegene:
- Indegene Ireland, a subsidiary, to acquire MJL Communications Group and MJL Advertising.
- Deal value: GBP 3.4 million on a debt-free, cash-free basis.
- BHEL:
- Extended its technology collaboration with Vogt Power International Inc, USA.
- Agreement focuses on Heat Recovery Steam Generators.
- NTPC Green:
- Declared commercial operation of 100 MW capacity.
- Part of the 320 MW Bhainsara Solar PV project.
- Arvind SmartSpaces:
- Sold 200 plots worth Rs 180 crore.
- Sales from the Bengaluru project 'Arvind The Park.'
This roundup highlights key financial moves, acquisitions, and operational updates driving these companies in today’s market!
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