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January 31, 2023

Adani Enterprises:

FPO subscription details:

Day 2

The FPO was subscribed 3% or 0.03 times, as of 5:00 p.m. on Jan. 30.

Institutional investors: 0 times.

Non-institutional investors: 0.04 times.

Retail investors: 0.04 times.

Employees: 0.13 times.

Abu Dhabi-based diversified conglomerate. International Holding Co (IHC) has expressed interest in the FPO and has said that it is willing to subscribe to it, looking at the future potential of the company.

Ultratech Cement: Company’s subsidiary UltraTech Cement Middle East Investments has signed agreement to acquire 70% stake in Duqm Cement Project International, LLC, Oman, for $2.25 million.

LIC: The company has clarified that the total holding under equity and debt is Rs 35,917.31 crore under Adani group of companies as of December FY23. The total purchase value of equity under all the Adani group companies is Rs 30,127 crore.

KEC International: The company has secured new orders of Rs 1,131 crore across various businesses including transmission and distribution, and civil. The order book intake stands at over Rs 15,500 crore, a growth of 10% YoY.

Astec Lifesciences: The company has received board approval to raise funds – Rs 50 crore – through Issuance of non-convertible debentures (NCD) for expansion and development of business operations and meeting the short term and long-term financial requirements.

Maruti Suzuki: Maruti Suzuki has crossed 2.5 crore domestic sales milestone earlier this month. Maruti Suzuki India achieved the sales mark on January 9, 2023.

Larsen & Tubro: The management during its earnings call opined that the March quarter is seasonally strong in terms of order inflow and the order pipeline for the rest of the year looks encouraging.