India Daybook – Stocks in News

*Welspun Enterprises:* Company acquires remaining 50.10% stake in Michigan Engineers (Positive) *Union Bank:* Board approves raising up to ₹5,000 cr via Qualified Institutional Placement, floor price at ₹91.10/sh. (Positive) *Tata Power:* Renewable Energy signs PPA for 9 MWp on campus solar plant with Tata Motors Limited for Pantnagar plant in Uttarakhand (Positive) *Adani Ent:* Promoter has raised stake to 69.87% from 67.65%, acquired 2.22% from August 7-18 (Positive) *Sula Vineyards:* Company to concentrate on vineyards outside Bengaluru (Positive) *Lemon Tree:* Company has signed license agreements for two properties in Bhubaneswar and Kasauli (Positive) *Brigade:* Company has entered into a sale deed for acquiring 6.54 acres of land parcel in Chennai. (Positive) *RITES:* Company signed a MoU with NHPC Limited to collaborate on comprehensive Consultancy services for Rail Infrastructure facilities (Positive) *BHEL:* Company has received an order worth of Rs 4000 crore from Mahan Energen, a unit of Adani Power (Positive) *BLS International:* BLS International FZE is in process to subscribe 100% share capital of Saudi Arabia-based BLS International Travel & Tourism (Positive) *Glenmark:* USA reaches antitrust settlement with US Department of Justice, Antitrust Division (DOJ) (Neutral) *Adani Power:* Company targets 21,110 MW thermal capacity by fiscal 2029. (Neutral) *Adani Energy Solutions:* To meet investors on Aug 23, Aug 30: Agencies. (Neutral) *Shriram Properties:* Omega TC Sabre Holdings sold 18 lakh shares at Rs 75.43 apiece. (Neutral) *Sanghi Industries:* Ambuja Cements has made an open offer to acquire a 26% stake for Rs 767.16 crore. The offer opens on Sept. 29 and closes on Oct. 13. (Neutral)