Stocks in news: Federal Bank, Apollo Hospitals, JK Cement, HCL Tech, Bharat Forge
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Markets began the week on a soft note, slipping nearly half a percent as they took a breather following the recent surge. In today's trade, shares of Federal Bank Bharat Forge among others will be in focus due to various news developments.Apollo Hospitals plans major restructuring, approved the demerger, mergers and new listing of Apollo Healthtech.Kalpataru Projects announced securing new orders worth Rs 989 crore in the power transmission and distribution (T&D) sector.SJVN arm Green Energy has begun commercial electricity supply of an additional 100.02 MW from its 1,000 MW solar power project at Bikaner in Rajasthan from Monday.Federal Bank board approved fundraising plans through equity and debt instruments up to Rs 6,000 croreCG Power opened its qualified institutional placement (QIP), indicative total issue size at Rs 3,000 crore, according to reports.Hindustan Copper signed an MoU with Coal India for Copper, critical minerals exploration.Bharat Forge board approved the defence business transfer to Kalyani Strategic Systems arm via Optionally Convertible Redeemable Preference Shares (OCRPs) for Rs 500 croreESAF Small Finance Bank transfered its NPA and technically written-off loans worth Rs 733 crore to an ARC for Rs 73.34 crore.Godrej Industries raised its take in arm Godrej Capital to 90.89% from 89.48%with an investment of Rs 285 crore.Uno Minda completed the acquisition of 1.69 crore shares (49.90% stake) of UnoMinda EV Systems from FRIWO GmbH for Rs 141.27 crore.HCLTech and OpenAI announced collaboration to accelerate enterprise-scale AI adoption.S Mahesh Babu resigned as the CEO of Switch Automotive Mobility with effect from August 31. Ganesh Mani takes additional charge.JK Cement declared a final dividend of Rs 15 per share for FY25.Can Fin Homes appointed Abhishek Mishra as CFO for three years with effect from June 30.
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