Here’s a quick look at the stocks that will be in focus on Wednesday due to significant investments and major deals announced by companies after market hours on Tuesday:
Kalpataru Projects International
The company received an order from the customs authority demanding customs duty along with a penalty on grounds of alleged misclassification of the tariff item code of the goods imported. The order demands payment of customs duty of Rs 84.40 lakhs along with a penalty of Rs 84.40 lakhs and an additional penalty of Rs 7.86 lakhs.
Its board has recommended a final dividend of Rs 8 per equity share for FY 2023-24. The record date is June 28, and the dividend will be paid by August 13.
Prestige Estates
The company's board will meet on June 21 to consider and approve raising funds through qualified institution placements, preferential issues, rights issues, private placement, or any other form of capital raise.
Ami Organics
The company's board will meet on June 21 to consider and approve the issue price of a QIP of equity shares with a face value of Rs 10.
Birla Cables
The European Commission has proposed a provisional anti-dumping duty of 8.7 percent on the CIF Union border price. If implemented, exports of single-mode optical fiber cables to the European Union will be subject to this duty.
Snowman Logistics
Promoter Gateway Distriparks has purchased 3 lakh equity shares or 0.18 percent of Snowman Logistics through an open market offer. Before the additional purchase, the promoter held 45.98 percent of the company.
Kotak Mahindra Bank
Zurich Insurance Company has completed the acquisition of 70 percent of the share capital of Kotak General Insurance Company. Consequently, Kotak General Insurance Company has ceased to be a wholly-owned subsidiary, and Kotak Mahindra Bank now holds a 30 percent stake in Kotak General Insurance Company.
Newteb Technologies
The company launched its Make-in-India range of servers. The single and dual-socket server platforms are designed to harness the robust capabilities of the latest 4th-generation AMD EPYC processors.
Rama Paper Mills
The company's manufacturing plant in Uttar Pradesh was temporarily shut down due to an ongoing financial crisis.
Apeejay Surrendra Park Hotels
The company has signed a new hotel under the brand name 'The Park' in the foothills of Nainital, Uttarakhand.
Mrs Bectors
The company will meet on June 24 to consider any proposals for raising funds.
Rajoo Engineers
The company will meet on June 24 to consider a proposal for the declaration and recommendation of bonus equity shares.
Tata Technologies
The company has launched the second edition of Tata Technologies InnoVent Hackathon in collaboration with Microsoft and Tata Motors.
Bharat Forge
The company made an additional investment of USD 40 million in Bharat Forge America Inc., a wholly-owned subsidiary of Bharat Forge, to facilitate its capital expenditure for an aluminum forging facility.
Craftsman Automation
The company has approved raising funds by way of issuing equity shares for an aggregate amount not exceeding Rs 1,20,000 lakhs through qualified institutions placement.
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