SectorShift Analytics by CA Prachi Mehta · 21st Mar 2025
Events coming this week : 21 March 2025
Corporate Actions
Shares of Indian Railway Finance Corporation,
CGPOWER
r and Industrial Solutions,
NMDC
and Acceleratebs India shall trade ex-dividend today. Shares of Last Mile Enterprises, Shukra Pharmaceuticals, Optimus Finance and Softrak Venture Invesments shall trade ex-split, while shares of Gamco and Greenlam Laminates shall trade ex-bonus today.
Key Company Updates
TCS
has partnered with The Cumberland Building Society in the UK to modernize its core banking ecosystem. Hindustan Unilever's board approved the investment to acquire a 14.3 per cent stake in Lucro Plastecycle. Glenmark Pharmaceuticals received final approval from the USFDA for Olopatadine Hydrochloride Ophthalmic Solution. RailTel Corporation of India received a work order from the Ministry of Defence, while Container Corporation of India placed an order with GATX India for the supply of 10 rakes of BLSS wagons.
Investments and Acquisitions
HINDALCO
plans to invest Rs 45,000 crore across aluminium, copper, and specialty alumina businesses. Hero MotoCorp will make a strategic investment of up to Rs 525 crore in Euler Motors for a 32.5 per cent stake. Bain Capital has entered into definitive agreements to acquire joint control of Manappuram Finance by investing Rs 4,385 crore for an 18 per cent stake. Piramal Pharma's subsidiaries, BrePco Biopharma and Piramal Critical Care, have received market authorization for Neoatricon from the UK MHRA.
Note : make sure to follow risk management and position sizing at all times