Here are the notable corporate announcements that came after Tuesday's market hours.
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Stocks of United Spirits Ltd., Waaree Energies Ltd., Bharat Petroleum Corp. , Natco Pharma Ltd. and Welspun Corp Ltd. will catch investors' attention on Wednesday.
Here are the notable corporate announcements that came after Tuesday's market hours:
Stocks In News
- United Spirits: The company will sell its entire 100% stake in Royal Challengers Sports Pvt. (RCSPL) for Rs 16,660 crore to a consortium comprising the Aditya Birla Group, Times Group, Bolt, and Blackstone.
- Waaree Energies: The company approves a capex plan of Rs 3,900 crore for setting up a glass‑manufacturing plant.
- BPCL: The company's JV with Sembcorp bags a contract to supply 10 KTPA of green hydrogen to Numaligarh Refinery & commissions its 2G bioethanol refinery at Bargarh.
- Natco Pharma: The company approves demerger of its agrochemicals business, decides to liquidate its Australian unit, and will incorporate a Nigeria unit with $100,000 capital. One share of the agrochemicals company will be issued for each share in Natco Pharma.
- Ceigall India: The company reports cancellation of two tenders worth Rs 297 crore by the Punjab government due to administrative reasons; it was earlier declared L1 bidder.
- Ceigall India: The company secures two orders worth Rs 397 crore from Purvah Green Power.
- ICICI Prudential Life: The company receives a tax demand of Rs 391 crore, including interest, from the Mumbai tax authorities.
- Indian Bank: The company successfully raises up to Rs 5,000 crore via long‑term infrastructure bonds.
- Welspun Corp: The company's arm will sell its stake in a Saudi associate to another arm for Rs 2,450 crore.
- Kotak Mahindra Bank: The lender announced that business activities of its arm, Kotak Mahindra Investments, will be conducted departmentally within the bank from April 1; the arm will not sanction new loans from that date. The bank also announced the sale of stake in its arm, Infina Finance.
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