Stock Market Investment: The company has officially responded to the Supreme Court case. According to the company, the Supreme Court has not issued any order for an FIR against it. The company also stated that the regulatory investigation did not substantiate the allegations made in the PIL. Sammaan Capital claims that it operates its entire business in a completely professional and regulated manner. Following this statement, its shares are expected to see increased activity today.
Adani Enterprises
The Adani Group’s flagship company will be in the market today as it has been selected as the successful Resolution Applicant for the acquisition of Jaiprakash Associates. The company has also received a Letter of Intent. The Committee of Creditors has approved Adani’s resolution plan. The acquisition will now be finalised after the National Company Law Tribunal and other necessary regulatory approvals.
Vedanta
This decision is considered a relief for Vedanta after it was eliminated from the acquisition race. JP Associates’ exit means the company will avoid a large cash outflow and reduce potential pressure on its balance sheet. Investors may view this as a positive sign.
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Godrej Properties
The company has acquired 3.8 acres of land in South Bengaluru. The project is expected to generate potential revenue of approximately ₹2,400 crore. Given the strong trend in the real estate sector, this deal could boost the company’s growth and boost investor expectations.
Infosys
The company’s largest share buyback to date, totalling ₹18,000 crore, begins today. The buyback price has been set at ₹1,800 per share and will continue until November 26. The buyback announcement could lead to positive sentiment in the company’s shares.
NBCC
The company has received an order worth approximately ₹2,966 crore from the Nagpur Metropolitan Region Development Authority. This project relates to the development of Naveen Nagpur Phase 1. For NBCC, this contract will significantly strengthen its order book and boost revenue growth prospects in the coming quarters.
Kotak Bank / Federal Bank
Both banks are in the race to acquire Deutsche Bank’s India-based wealth management business. The companies are currently negotiating portfolio valuation and deal pricing. This segment has an estimated AUM of approximately ₹25,000 crore, making it an attractive acquisition opportunity in the banking sector.
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Mahindra Holidays
The company has entered the leisure hospitality segment and launched a new brand called Mahindra Signature Resort. An initial investment of ₹1,000 crore will be made. The company aims to reach 2,000 keys under this brand by FY30. This expansion could take the company’s offerings to a new level.
Tenneco Clean Air India
Its shares are likely to move today as Goldman Sachs FDS has purchased 21.82 lakh shares of the company at ₹508.21 per share. The total deal value was approximately ₹110 crore, which could boost investor confidence in the company.
Max Healthcare Institute
The company has announced a major expansion plan. Over 4,800 new beds are planned over the next three to four years. The total capacity is targeted to reach 10,000 beds by FY29, and a capex of ₹6,487 crore is targeted by FY30. Given the boom in the healthcare sector, this plan is considered a strong growth strategy.
