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POONAWALLA
has raised Rs 565 crore through the allotment of 56,500 secured, redeemable, rated, listed, non-convertible debentures of the face value of Rs 1,00,000, through private placement. The Finance Committee vide resolution dated May 19, 2025, as authorized by the Board of Directors of the Company has approved allotment of the same.
SHYAMMETL
is planning to enter into the wagon manufacturing segment with a state-of-the-art greenfield facility at Kharagpur, West Bengal. Developed under its step-down subsidiary, Ramsarup Industries and is slated to commence operations by March 2026. This initiative aligns closely with the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ visions, highlighting Shyam Metalics’ dedication to fostering self-reliance in critical infrastructure. It is also expected to generate significant employment opportunities, contributing meaningfully to regional economic growth.
DOMS
(DOMS), at its board meeting held on Monday, May 19, 2025 have approved the acquisition of 51% stake in Super Treads (STPL) for a maximum consideration of Rs 6.12 crore, subject to the completion of due diligence and receipt of requisite approvals, if any. The equity stake shall be acquired through secondary purchase from the existing shareholders of STPL. Through this acquisition, DOMS shall broaden its presence in the paper stationery segment and will allow it to efficiently reach out to its consumer base in eastern India. STPL, with its operating history of more than two decades, currently operates primarily as an OEM supplier for the manufacturing of notebooks and other paper stationery products.
GODREJPROP
has bought 14 land parcels across major cities to build housing projects with revenue potential of about Rs 26,500 crore in the last fiscal year (FY25) and will continue to acquire more land to grow its business. The company bought these land parcels, all outright, in Mumbai Metropolitan Region (MMR)#StockInNews#WatchOutFor#TechnicalViews#FundamentalViews#EquityResearch
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