Stocks to Research: Titan, PTC India, SJVN, JSPL, JK Cement, Gland Pharma | Mint

Titan: Titan on Friday acknowledged that the firm saw wholesome user quiz as a consequence of the festive season which resulted in 12% enhance in mixed sales on year foundation in the December quarter. The firm clocked double-digit growths in all segments despite a high atrocious, acknowledged Titan. The firm added 111 recent stores in the December quarter. “The wholesome user quiz spurred by a shiny festive season resulted in 12% enhance in mixed sales YoY across Firm’s standalone companies. The sure user sentiment helped all categories clock wholesome double-digit growths despite a high atrocious in the an identical duration of closing year,” acknowledged Titan in its regulatory filing.

PTC India: A stake for sale in insist-backed electricity trader PTC India Ltd. is attracting initial pastime from doubtless suitors along side Asia’s richest man Gautam Adani, primarily based on folks mindful of the event. Adani is amongst that that you just may even bring to mind bidders reviewing preliminary knowledge on the trade, the oldsters acknowledged, asking to now not be acknowledged as the solutions is non-public. A ramification of Indian conglomerates are moreover evaluating whether to disclose, one in all the oldsters acknowledged. Explain-owned entities NTPC Ltd., NHPC Ltd., Energy Grid Corp. of India and Energy Finance Corp. are working with an adviser to weigh promoting their stakes of around 4% every, the oldsters acknowledged. Bids are due as soon as the discontinue of this month, they acknowledged.

SJVN: Explain-bustle SJVNL has securitised the money dart in conjunction with the circulation of India’s greatest hydropower venture—Nathpa Jhakri—with Monetary institution of Baroda for a 15-year duration below the government’s Nationwide Monetisation Pipeline (NMP) for an upfront fee of ₹2,000 crore, acknowledged two folks attentive to the event. SBI Capital Markets Ltd changed into the transaction manual for SJVNL for its 1.5 GW venture in Shimla that affords electricity to Delhi, Haryana, Himachal Pradesh, Punjab, Jammu & Kashmir, Rajasthan, Uttar Pradesh, Uttarakhand, and Chandigarh. The task saw participation from each and each insist-bustle and non-public banks, with the monetization to assist fund the equity fragment of upcoming initiatives.

Aditya Birla Trend and Retail: The Board of Directors of the corporate acknowledged lately in a stock change filing that “We resolve to notify you that, the Firm proposes to take funds by issuing 5,000 listed, unsecured, rated, redeemable non-convertible debentures of the face price of ₹10,00,000 (Rupees Ten Lakh only) every issued at par aggregating to ₹5,00,00,00,000 (Rupees 5 Hundred Crores Perfect), on non-public placement foundation, on or after January 13, 2023. The above is at some stage in the limits permitted by the Board of Directors and Shareholders of the Firm, occasionally.”

JSPL: Jindal Steel and Energy Runt (JSPL) will make investments as a lot as ₹1,500 crore to construct fair now not too long ago-received Monnet Energy operational, its Managing Director Bimlendra Jha acknowledged. The investment will be revamped the duration of the next 12 to 18 months, he acknowledged. In December 2022, the steelmaker received debt-laden Monnet Energy for ₹410 crore thru the insolvency route. The 1,050 megawatts (MW) below-enhance coal-primarily based energy venture is found near JSPL’s steel plant in Angul, Odisha.

JK Cement: JK Cement on Friday acknowledged that its subsidiary has received paint producer and enhance chemical compounds company Acro Paints Runt. JK Cement’s wholly owned subsidiary JK Paints & Coatings Runt has received a 60% stake in Acro Paints for a money consideration of ₹153 crore. Thru this acquisition, it may per chance perhaps well perhaps give a industrial presence to the corporate in the paint trade segment.

Gland Pharma: Drug firm Gland Pharma on Friday acknowledged it has inked a pact with FPCI Sino French Midcap Fund to produce a 100% stake in Europe-primarily based Cenexi Team. Gland Pharma Worldwide PTE, a Singapore-primarily based wholly owned subsidiary of the corporate, has entered loyal into a portion bewitch agreement with FPCI Sino French Midcap Fund to fully produce a stake in Cenexi pursuant to the phrases of the put option agreement inked in November closing year.

Suzlon Vitality: Suzlon Vitality has received shareholders’ approval to appoint Vinod R Tanti as Managing Director, Girish R Tanti as the Government Director and Pranav T Tanti as Director. A BSE filing confirmed that the three resolutions to appoint Vinod Tanti as Managing Director, Girish Tanti as Government Director and Pranav Tanti as Director are handed with the requisite majority thru postal ballot. The company has sought approval from the shareholders thru postal ballotpeek for these appointments.

Paytm: Paytm Funds Monetary institution has secured the Reserve Monetary institution of India’s recognition of the appointment of Surinder Chawla as its recent chief government, two folks attentive to the event acknowledged. Chawla is currently serving as head of branch banking at RBL Monetary institution. “It changed into on the playing cards, and the characteristic transition at RBL Monetary institution has been going on for moderately a whereas,” a third person attentive to the event acknowledged, searching for out anonymity. Chawla spent with regards to a decade at RBL Monetary institution after working for over 11 years at HDFC Monetary institution, the keep he held positions fair like head of retail liabilities product neighborhood and senior government vice-president.

Dish TV: Minority investors of Dish TV possess written to the ministry of knowledge and broadcasting searching for out its recognition of seven fair directors proposed by the corporate’s greatest shareholder Yes Monetary institution. In a letter to I&B secretary Apurva Chandra, the affiliation of Dish TV minority investors requested the government to sure the names of those directors, along side Girish Paranjpe, Arvind Nachaya Mapangada and Haripriya Padmanabhan urgently, failing which it may per chance also stumble on felony action.