Stories
Stocks to Watch: Wheels India QIP, Inox Green Energy, STL, Nykaa & More
- •Wheels India Ltd launched a ’250 crore Qualified Institutional Placement (QIP) at an indicative issue price of ’2,088 per share, with a potential discount of up to 4.3%.
- •Inox Green Energy's QIP opened with a floor price set at ’174.36 per share, potentially offering a discount of up to 5%.
- •Sterlite Technologies Limited (STL) added a new line of ready-made fibre optic cables to its Neuralis data centre product range, carrying between 48 and 6,912 individual optical fibres.
- •Nykaa and BOLD (Business Opportunities for L'Oral Development) collaborated to jointly invest in high-growth Indian beauty and personal care brands.
- •R R Kabel's board approved the acquisition of U M Cables Ltd's business undertaking through a slump sale for ’77 crore.
- •Lemon Tree Hotels Ltd acquired a 989.30-square-metre land parcel in Bandra (East), Mumbai, for ’120 crore to develop an upscale full-service hotel under its Lemon Tree Premier brand.
Key Questions Answered
PB Fintech shares fell sharply after the Insurance Regulatory and Development Authority of India (IRDAI) proposed sweeping changes to insurance distribution economics, which the company flagged would significantly impact general insurance revenue and agent commissions.
Waaree Clean Energy Solutions Ltd (WCES), a wholly owned subsidiary of Waaree Energies Ltd, has entered India's specialty gases business to supply ultra-high-purity gases and chemicals to solar cell and semiconductor manufacturers across the country.
Diagnostic services provider Dr Lal PathLabs Ltd announced on September 24 that it approved the acquisition of a 70% stake in SN Genelab Private Ltd for a cash consideration of up to ₹168 crore, plus a performance-linked earn-out capped at ₹31.5 crore.
