Stocks/Share Market - Angel One

Mahindra Last Mile Mobility Limited (MLMML), India’s leading electric 3-wheeler manufacturer and a subsidiary of Mahindra & Mahindra Ltd, has announced the launch of the Mahindra ZEO, an innovative new electric four-wheeler through an exchange filing on October 03, 2024. The name “ZEO”, which stands for “Zero Emission Option,” aligns perfectly with MLMML’s mission to …

On October 3, 2024, Refex Industries Limited announced its plan to raise ₹927.81 crore through a preferential issue of equity and convertible warrants. This fundraising initiative is aimed at bolstering the company’s sustainability and innovation across its business sectors. The proposed issue includes a significant contribution of ₹530 crore from high-net-worth individuals (HNIs) and family …

Vipul Organics Limited has announced that it has received Consent to Establish from the Maharashtra Pollution Control Board (MPCB) for its newly constructed factory building in Ambernath, Maharashtra.  This approval marks a significant step forward for the company, as it enables the new facility to increase its manufacturing capacity for Pigment Preparations by threefold. The …

BCL Industries Limited has announced its strategic acquisition of Goyal Distillery Private Ltd, located in Fatehabad, Haryana. This acquisition aligns with BCL’s vision of expanding its production capabilities in the ethanol manufacturing sector.  Goyal Distillery holds the necessary land and approvals for setting up a 250 KLPD (kilolitres per day) grain-based ethanol plant. In addition …

Reliance Infrastructure Limited was established in 1929 and is a part of the Reliance Group. The firm offers engineering and construction (E&C) services to the power, transportation, metro rail, and other infrastructure sectors. The company uses its special-purpose vehicles to carry out, operate, and maintain a number of projects in the infrastructure and defense sectors. …

Indian Furniture Products Limited (IFPL), a subsidiary of Zuari Industries Limited (ZIL), has acquired a 50% stake in Forte Furniture Products India Private Limited (FFPIPL) from Fabryki Mebli Forte S.A., a Polish joint venture partner. With this acquisition, IFPL now holds the entire equity share capital of FFPIPL, making it a subsidiary of IFPL and …

SJVN Limited, a Navratna Central Public Sector Enterprise (CPSE), has taken a significant step in enhancing Maharashtra’s energy infrastructure by signing 2 landmark Memorandums of Understanding (MoUs) with the Government of Maharashtra.  The agreements were formalised in Mumbai in the presence of Hon’ble Deputy Chief Minister and Energy Minister, Sh. Devendra Fadnavis is geared towards …

On September 27, 2024, PTC Industries Limited, known for its high-quality engineering metal components, announced a significant production order from BAE Systems.  This order involves supplying Titanium castings for the M777 Ultra-Lightweight Howitzer (ULH), specifically for parts like Spade Trails and Blades. The development of these castings took 2 years, marking a key milestone in …

Escorts Kubota Finance Ltd., a wholly owned subsidiary of Escorts Kubota Ltd., has received approval from the Reserve Bank of India to commence operations as a non-banking financial company (NBFC). This approval allows the company to operate without accepting public deposits, according to a filing on the BSE. The certification marks the company’s expansion into …

Piramal Enterprises Ltd’s (PEL) subsidiary, Piramal Capital & Housing Finance Ltd (PCHFL), has completed the sale of a prime property located in Santacruz East, Mumbai. The deal, finalized yesterday, on September 26, 2024, involves land and building assets sold to Shoquba Realty Private Ltd for a total of Rs.187 crore, as confirmed in an exchange …