STOCKS IN FOCUS

STOCKS IN NEWS

State Bank of India (SBI): SBI’s board will meet on May 12 to consider raising up to $2 billion through dollar or other foreign currency bonds during the current financial year.

Kotak Mahindra Bank: The Reserve Bank of India (RBI) has approved Kotak Mahindra Bank to acquire up to a 9.99% stake each in AU Small Finance Bank and Federal Bank.

Emami: The FMCG company has signed a definitive agreement to acquire a 60% stake in IncNut Digital, the parent company of D2C brands Vedix and SkinKraft, for ₹321 crore.

Arisinfra Solutions: Wadhwa Group has partnered with ArisUnitern RE Solutions, a subsidiary of Arisinfra Solutions, for the development of the Wadhwa Wise City township project in Panvel near Mumbai, with an estimated GDV of ₹650 crore.

Clean Max Enviro Energy Solutions: The company has completed the acquisition of 2,38,732 equity shares of its wholly owned subsidiary, Clean Max Taurus, through a private placement.

Lenskart: Shares may remain in focus following reports of a proposed block deal worth around $350 million. The transaction involves the sale of nearly 7.02 crore shares at ₹470 per share, a discount of around 3.6% to the previous closing price. Several existing investors are reportedly looking to exit fully, while Alpha Wave is expected to retain part of its stake with a lock-in period on the remaining shares.

Gala Global Products: Shareholders at the company’s Extraordinary General Meeting (EGM) considered initiating either a Pre-Packaged Insolvency Resolution Process (PPIRP) or a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).

South Indian Bank: The lender stated that RBI has approved Kotak Mahindra Bank to acquire up to a 9.99% stake in the bank’s paid-up share capital or voting rights.

Savita Oil Technologies: The company has approved the merger of its wholly owned subsidiary, Savita GreenTec, with itself as part of an internal restructuring exercise.

Cochin Shipyard: Its wholly owned subsidiary, Udupi Cochin Shipyard, has secured a domestic order from Adani Group-backed Ocean Sparkle for the construction of four 70-ton Bollard Pull ASD tugs.

BULK DEALS & BLOCK DEALS

Mitshi India: Krishna Dharmeshkumar Golwala acquired 1.55 lakh shares at ₹16.02 per share, while Mitesh Kumar Shah sold 1.40 lakh shares (1.6% stake) at the same price.

Hilltone Software and Gases: Vijay Dadubhai Jebaliya purchased 1.86 lakh shares (1.41% stake) at ₹48.41 per share.

Aqylon Nexus: Promoter Kurjibhai Premjibhai Rupareliya sold 25.01 lakh shares (1.02% stake) at ₹51.10 per share.

Milton Industries: Patanjali Agro India acquired 1.78 lakh shares (1.05% stake) at ₹49.85 per share, while Ummeattiya Qureshi sold 1.76 lakh shares at the same price.

Raymond Realty: Subhashchandra Laxmichand Gandhi sold 4.19 lakh shares (1.03% stake) at ₹632.78 per share, while Elixir Wealth Management acquired 7.62 lakh shares (1.15% stake).