Jindal Stainless: Company board has approved raising funds through issue of convertible equity warrants for an amount up to Rs 162.80 crore on preferential basis.
Hindustan Aeronautics: The government plans to sell upto 15% stakeholding in the company via offer for sale (OFS). The floor price for the offer has been fixed at Rs 1,001 per equity share of the company.
Allcargo Logistics: Company's board of directors will meet on August 27 to consider and approve voluntary delisting of shares.
Siemens: Company's board approved sale of its mechanical drives business to arm for Rs 440 crore.
Gillette India: The company's net profit fell to Rs 44.97 crore from Rs Rs 45.82 YoY. Total income declined to Rs 352.74 crore from Rs 466.39 crore a year ago.
ICICI Bank: The lender plans to sell up to 2% stake in ICICI Securities in open market.
SRF: Compamy's board of directors plan to meet on August 31 to consider issue of equity shares via QIP and NCDs.
Mahindra & Mahindra: Mahindra and REE Automotive have signed MoU to establish a strategic collaboration for development of electric commercial vehicles.
Earnings Today: Companies set to announce their earnings are IDFC, NMDC, Edelweiss Financial Services, Icra, Hindustan Construction Co, Himatsingka Seid among others.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.