On August 28, 2024, a significant block deal involving Krishna Institute of Medical Sciences (KIMS) grabbed the market’s attention. Shares worth an estimated Rs 392.10 crore were traded in this transaction, with approximately 15.7 lakh shares, representing a 2% stake in the company, changing hands. The shares were traded at a floor price of Rs …
Tata Motors, according to the reports, is planning to see an increase in its weightage on FTSE indexes following the delisting of its ‘A’ Ordinary Shares on August 30, 2024. These shares, also known as Differential Voting Rights (DVR) shares, will be exchanged for ordinary shares. The company confirmed that it will remain in the …
On August 27, 2024, Kilburn Engineering Ltd announced in an exchange filing that it would raise up to ₹300 crore through a preferential allotment of shares and/or convertible warrants at ₹425 per share (including a premium of ₹415). This proposal is subject to approval by the members at the upcoming Annual General Meeting. The company …
Awfis Space Solutions Limited (Awfis), India’s foremost flexible workspace provider, has solidified its presence in Pune through a strategic partnership with Nyati Group. This alliance, which happens to be the largest under the Managed Aggregation (MA) Model, will significantly expand Awfis’s footprint in the city by adding 3 lakh square feet of premium Grade-A workspace. …
Asian Energy Services Limited (AESL), a leading provider of services to the energy and mining sectors, has announced a significant step towards its growth strategy. The company’s Board of Directors has approved the issuance of 48,00,000 fully convertible warrants at an issue price of ₹335 per warrant. These warrants will grant holders the right to …
Leading multiplex operator PVR-INOX is streamlining its operations to enhance profitability. The company plans to close 70 underperforming screens in the current fiscal year, FY25. Additionally, it will explore monetisation opportunities for non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara. To maintain growth, PVR-INOX will add 120 new screens in FY25, …
Infibeam Avenues Limited has announced that its Artificial Intelligence division, Phronetic.AI, has secured contracts with a leading hospital chain and an international gas station chain for its inaugural AI product, ‘AI Facility Manager’. These contracts mark a significant milestone for Phronetic.AI, leveraging its advanced Theia Vision AI technology in the healthcare and energy sectors. The …
Popular Vehicles and Services Limited has announced the inauguration of a new service workshop by its 100% step-down subsidiary, Prabal Motors Pvt. Limited. Located in North Beed, Maharashtra, this new facility is dedicated to servicing Bharat Benz vehicles and features 4 service bays. The addition of this service centre marks the 10th service facility and …
Suven Life Sciences Limited has announced that the United States Food and Drug Administration (US FDA) has given a nod to its Investigational New Drug (IND) application for SUVN-I6107, granting a “Study may proceed” letter to start a first-in-human Phase 1 clinical trial. SUVN-I6107 is a novel muscarinic M1 receptor-positive allosteric modulator, which represents a …
Apollo Micro Systems Ltd has announced the receipt of an order worth ₹10.90 crore from Bharat Dynamics Limited (BDL) for a state-of-the-art Software Defined Universal Homing System designed for Heavy Weight Torpedoes. The company stated that this cutting-edge technology, developed in collaboration with the Defence Research and Development Organisation (DRDO), positions Apollo Micro Systems as …
