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Stocks in News Today

June 10, 2022

Bajaj Auto: Bajaj Auto to consider share buyback on June 14. The two-wheeler maker in its BSE filing said the board of directors on June 14 will consider a proposal for buyback of fully paid-up shares of the company. This seems to be the first buyback announcement, if any, by the company since 2000.

Dr Reddy’s Laboratories: Dr Reddy’s arm and Olema Pharmaceuticals, Inc to discover and develop novel cancer therapies. Nasdaq-listed Olema signed an exclusive collaboration and licence agreement with Dr Reddy’s subsidiary Aurigene Discovery Technologies to discover and develop novel cancer therapies.

Butterfly Gandhimathi Appliances: Crompton Greaves Consumer Electricals now holds 81% stake in Butterfly Gandhimathi Appliances. Crompton Greaves Consumer Electricals now holds 81 percent equity stake in the company after acquiring 26 percent stake through an open offer on June 8, up from 55 percent earlier.

Power Finance Corporation: PFC arm’s special purpose vehicle (SPV) to develop transmission system for evacuation of power from REZ in Rajasthan.

Kiri Industries: LGOF Global Opportunities cuts stake in Kiri Industries. LGOF Global Opportunities sold 6,901 equity shares in the company via open market transactions on June 7.

HFCL: HFCL bags Rs 73.39 crore orders for supply of unlicensed band radios (UBRs), optical fibre cables. The company has received two orders worth Rs 73.39 crore: One of Rs 51.09 crore from one of the leading private telecom operators of the country for supply of UBRs along with accessories.

Oriental Aromatics: Oriental Aromatics arm gets environmental clearance for project. The company’s subsidiary Oriental Aromatics & Sons has received an environmental clearance for its proposed project for manufacturing speciality chemicals and chemical intermediates at additional MIDC Mahad, Maharashtra.