Indian Stock Market Updates and Corporate Actions
Key Ideas
  • Premier Energies is set to debut on Dalal Street after a successful primary stake sale.
  • Adani Green Energy announces a new 50:50 joint venture company with TotalEnergies.
  • Indian Air Force to procure aero-engines worth over Rs 26,000 crore from Hindustan Aeronautics.
  • Gensol Engineering and Matrix Gas & Renewables win the EPC contract for a bio-hydrogen project valued at Rs 164 crore.
Indian benchmark indices made mild gains as BSE Sensex and NSE's Nifty50 closed higher. Various corporate actions were highlighted, including Garment Mantra Lifestyle trading ex-bonus and several companies trading ex-dividend. Premier Energies is set to debut on the stock market after a successful primary stake sale. Adani Green Energy approved a new joint venture company with TotalEnergies. Hindustan Aeronautics secured a significant contract to supply aero-engines to the Indian Air Force, and NMDC reported a decline in iron ore production. Noteworthy investments and approvals were made by companies like ICICI Bank, Welspun Corp, and Muthoot Finance. Gensol Engineering and Matrix Gas & Renewables secured a contract for a bio-hydrogen project, while Hindustan Composites made an investment in Swiggy. Lemon Tree Hotels signed a license agreement for a new property, and Matrimony dot com is considering a buyback proposal. The Indian Energy Exchange subsidiary entered into an agreement to issue Renewable Energy Certificates. The overall sentiment of the article is positive towards the developments in the Indian stock market and corporate actions.
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