Stocks to watch: Elin Electronics, RIL, Eicher, Cipla, Tata Power, Dish TV | Daily News Byte

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Elin Electronics: The Elin Electronics IPO registration date is fixed for today, December 30, 2022. According to the information available on the BSE website, “Effective from Friday, December 30, 2022, the shares of Elin Electronics Limited will be listed and accepted. Trading in the stock market in the list of securities group ‘B’.

Industry dependence: A subsidiary of Reliance Retail Ventures Ltd on Thursday said it has acquired a controlling 51% stake in Lotus Chocolate. The FMCG arm, Reliance Consumer Products Limited, is a subsidiary of Reliance Retail Ventures Limited and has acquired Lotus Chocolate from Prakash P Pai, Ananth P Pai and other members of the company’s current promoters and promoters group for 74 billion. It also announced an open offer to public shareholders of Lotus for 26 percent.

Eicher Motors: Eicher Motors on Thursday announced a strategic investment in Spain’s Stark Future SL to develop electric motorcycles and for technology sharing, technical licensing, and manufacturing. The company’s board of directors has approved an investment of 50 million euros for a nearly 10.35 percent stake in Stark Future. The company said that with this investment, Eicher Motors Ltd. will have a seat on Stark Future’s board and will explore further opportunities to collaborate in the area of ​​electric mobility, the company said.

Cipla: Cipla Ltd on Thursday said its wholly owned UK subsidiary, Cipla (EU) Limited has acquired a 10.35% stake in Germany’s Ethris GmbH. The company Cipla EU will invest 15 million euros for the purchase of 9,939 common shares of the face value of 1 euro each, for a share of 10.35 percent, the company said in its regulatory document. Cipla said in its regulatory filing, the transaction is expected to be completed within 60 days from the date of signing the agreement.

Tathagata energy: Tata Power on Thursday said it has raised 1,000 million kip through the issuance of irrevocable loan shares on the basis of private placement. Tata Power said it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, non-convertible debentures (NCDs). 1,000 crore, on a private placement basis, in its regulatory documents. The growth of Series I NCDs has value 500 crore is due on January 8, 2030, while the Series II NCDs are worth. 500 crore will mature on December 29, 2032, it added.

Transformers & Rectifiers India: Transformers and Rectifiers (India) Ltd on Thursday said it has secured new orders worth Rs 123 from one of the central facilities. With the latest victory, the company’s order book now stands 1,513 crore, it said in the regulatory document. “Transformers and rectifiers (India) was awarded the order of transformers for the entire contract value 123 billion from one of the central facilities,” it said.

Dish TVDirect-to-home Dish TV on Thursday said it has appointed former CEO Lalit Behari Singhal as an independent director on its board for five consecutive years, the company said in a regulatory filing. Earlier this month, Dish TV announced the appointment of three new independent directors to the company’s board, the first major appointment after the departure of its promoter-backed former chairman Jawahar Lal Goel.

IRB infrastructure developer: Udaipur Tollway Ltd, the special purpose vehicle of infrastructure developer IRB under the private InvIT (Infrastructure Investment Trust), IRB Infrastructure Trust, has issued non-convertible debentures at par. 700 crore on a private placement basis to undisclosed investors, according to an exchange filing. offer 700 crore NCDs (non-convertible debentures) will be used to partially repay existing project loans, resulting in significant annual savings. 10 crore at a revised interest rate of 8.9%, the company said.

Aster DM Healthcare: Aster DM Healthcare Ltd, a healthcare chain operating across the Gulf and India, on Thursday said its subsidiary has acquired 100% stake in Adiran IB Healthcare Private Limited. Dr Ramesh Cardiac and Multispecialty Hospital Private Limited, a subsidiary of Aster DM Healthcare Limited said the acquisition will be completed by January 31, 2023. The acquisition will be cost effective. 1.6 billion. The deal is in cash consideration.

Satin Creditcare Network: Microlender Satin Creditcare Network (SCNL) has closed a 25 crore deal with Florintree Ventures through conversion of warrants into equity. Satin Creditcare Network received the second tranche of 25 crore towards the conversion of 41,02,564 fully convertible warrants from the non-promoter group Florintree Ventures LLP, it said in a release on Thursday. The investment will support SCNL in its planned growth, portfolio expansion and its efforts to increase financial inclusion through its operations in 23 states, SCNL said in a release.


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