Actions that will be in action today (December 17)


Orchid Pharma: The board of directors has reviewed and approved a proposed plan of merger and arrangement between Dhanuka Laboratories Ltd. Upon entry into force of the plan, the company will issue and allot to DLL shareholders 63 capital shares of 10 each. for every 2 actions of 100 each of DLL.

Car Trade Tech Ltd plans to deploy up to 750 crore to strategically acquire and invest in companies that drive innovation in all aspects of the automotive ecosystem including auto finance, leasing, insurance , maintenance, car ownership, electric vehicles and new age technologies.

Engineers India Ltd and the Institute of Chemical Technology signed a Memorandum of Understanding (MoA) for the joint development of technologies for the large-scale cultivation of algae and the extraction of value-added products. The MoA will not only enrich the EIL and ICT technology portfolios, but will also mark an important step in leading the government’s push towards the biofuels initiative.

RITES / BEML: RITES Ltd has signed a Memorandum of Understanding with BEML Limited to jointly explore and bid for opportunities in the areas of metro systems and rolling stock export. As part of the MoU, RITES will provide expertise in design, engineering, marketing and any other support that may be required to exploit domestic and foreign opportunities, while BEML will be responsible for the manufacture of metro cars and rolling stock. personalized.

Hindustan Petroleum Corporation Limited (HPCL) recently launched the ultra premium power100 fuel for supercars and motorcycles. power100 is one of the highest octane gasoline in India. power 100 has superior anti-knock properties to improve engine power, resulting in faster acceleration, better fuel economy and a smooth ride.

Greenpanel Industries: Due to the delay in importing a component from the refiner from Sweden due to logistics, the estimated time for refiner repair, as previously reported, has been extended. Normal operation of the MDF plant in Rudrapur is expected to resume by December 26, Greenpanel Industries said.

Persistent Systems: ATOSS, a German provider of workforce management software with more than 10,000 customers worldwide, selected Persistent to transform their customer relationship management using Salesforce integrations. Persistent is a leading global Salesforce consulting and implementation partner for digital transformation at scale. ATOSS will use the Salesforce platform to automate sales, integrate with existing back-end systems, and introduce customer service and event management.

Warren Tea Limited has decided to divest one of its tea estates, namely Balijan North Tea Estate located in Post Chabua, Dibrugarh, Assam. The gross consideration is ₹ 27 crore. This process of monetizing company assets involves reversing financial prowess, lower financial costs, availability of more working capital, ability to generate company profits, modernize and upgrade upgrade the remaining business assets.

Swan Energy Limited has decided to join Hazel Mercantile Limited (HML), as a strategic partner through an SPV, in case the resolution plan, submitted by HML to acquire Reliance Naval and Engineering Limited (RNRL) from NCLT, is approved.

KPI Global Infrastructure Ltd has received the confirmation of orders for the execution of a solar power project with a capacity of 2.78 MWdc – Parag Syntex Private Limited – 1.40 MWdc and Shivram Dyeing & Printing Mill – 1, 38 MWdc – under the “Captive Power Producer (CPP)” segment of the company.

Kings Infra: The board of directors of Kings Infra Ventures Limited (Kings Infra) reviewed and discussed the incorporation of the new subsidiary Kings Maritech Eco Park Limited. Kings Infra will provide the land for the KMEPL project. KMEPL will operate as a separate entity. ITCOT Ltd, Chennai, which is a joint venture of all Indian financial institutions, State Financial and Industrial Development Corporation, and commercial banks, was tasked with preparing the DPR for this project.


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