SUMMARY
Stocks to watch, Ambuja Cements, Aurobindo Pharma, JSW Energy, LTIMindtree, Aditya Birla Real Estate, Exide Industries and more, these are the stocks to watch for today.
1 / 6Ambuja Cements | Adani Group firm announced the amalgamation of its subsidiaries, Sanghi Industries Ltd (SIL) and Penna Cement Industries Ltd (PCIL), with the parent company. The announcement follows the introduction of separate schemes of arrangement for both subsidiaries, paving the way for their integration into Ambuja Cements. Ambuja Cements will issue 12 equity shares of the face value of ₹2 each for every 100 equity shares of SIL of face value ₹10 each as recommended by the valuers and accepted by the board.
2 / 6Aurobindo Pharma | Pharmaceutical company announced that the United States Food and Drug Administration (FDA) completed an inspection of Unit-V, an active pharmaceutical ingredient (API) manufacturing facility of its wholly-owned subsidiary, Apitoria Pharma Private Ltd. The inspection, conducted from December 9-17, 2024, took place at the company’s facility located in Telangana. The FDA closed the inspection with two observations, which are described as procedural in nature.
3 / 6JSW Energy | South Korea’s LG Energy Solution is in talks with India’s JSW Energy to manufacture batteries for electric vehicles and renewable energy storage in a joint venture that would need an investment of over $1.5 billion. The two companies have signed an initial agreement to form an equal partnership in which LGES will contribute the technology and equipment for making batteries and JSW will invest money, said one of the sources.
4 / 6LTIMindtree | Mumbai-based IT solutions provider said it has secured an interim stay from the Karnataka High Court in a legal challenge concerning the legality and validity of an order. The company had filed a writ petition on December 9, 2024, contesting the denial of a zero-rated supply benefit and the subsequent recovery of a refund for input tax credit that was purportedly granted in error.
5 / 6Aditya Birla Real Estate | Realty firm said its wholly-owned subsidiary Birla Estates Private Ltd has acquired a 70.92-acre land parcel in Boisar, Maharashtra, for ₹104.3 crore. “Birla Estates Private Limited, a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) today announced that It has acquired a land parcel covering 70.92 acres in Boisar for INR 104.3 Crore,” Aditya Birla Real Estate said in a regulatory filing.
6 / 6Exide Industries | Battery maker said it has invested ₹100 crore in its wholly-owned subsidiary, Exide Energy Solutions Ltd (EESL), through a rights issue of 2.77 crore equity shares. This investment brings the total capital infusion into EESL to ₹3,152.24 crore. The latest move aims to fund EESL’s greenfield project in Bengaluru, where the company is setting up a manufacturing facility for lithium-ion battery cells, modules, and packs for India’s growing electric vehicle market.
