Newsmakers: Vascon Engineers, India Cement, MapmyIndia and ZEEL among top 10 stocks that moved the most on December 22

Vascon Engineers: Up 10.53%

The shares of the company closed in the green at Rs 25.20 with a gain of 10.53 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 25.20 with a gain of 10.28 per cent.  The company has received a Letter of Award amounting to approximately Rs 199 crore from Vedanta Limited for the construction of the Cairn Oil & Gas Residential Complex at Barmer, Rajasthan. The work has been awarded on Design and Build basis. The work has to be completed within 18 months from the date of receipt of this letter of award. Source: Vascon Engineers Twitter

 

MapmyIndia: Up 7.12%

The shares of the company closed in the green at Rs 1493.90 with a gain of 7.12 per cent as per BSE. As per NSE, the shares of the company closed in the green at Rs 1,491 with a gain of 6.99 per cent.  Fidelity Investment Trust Fidelity Series Emerging Markets Fund acquired 3,18,100 equity shares in the company at Rs 1,404.47 per share. Goldman Sachs Funds - Goldman Sachs India Equity Portfolio bought 3,76,708 equity shares at Rs 1,392.99 per share on the NSE. Source: mapmyindia.com

 

India Cement: Up 5.72%

The shares of the company closed in the green at Rs 186.70 with a gain of 5.72 per cent as per BSE. Billionaire investor Radhakishan Damani has increased his stake in India Cements by 2.03%. With this, RK Damani and Gopikishan Damani's total share in the company has increased from 20.73% to 22.76%.  Source: indiacements.co.in

 

Yes Bank: Up 5.38%

The shares of the company closed in the green at Rs 13.70 with a gain of 5.38 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 13.67 with a gain of 4.83 per cent.  The Board of Directors of the Bank on Tuesday has approved raising of funds by issue of equity shares/depository receipts / convertible bonds/debentures/warrants / any other equity-linked securities, through permissible modes, for an amount up to Rs 10,000 crore. Source: PTI

 

Deepak Nitrite Ltd.: Up 2.54%

The shares of the company closed in the green at Rs 2,335 with a gain of 2.54 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 2335 with a gain of 2.50 per cent.  The Board of Directors of the company is scheduled to meet today to consider and approve the raising of funds by way of the issue of equity shares or any other instruments. Source: godeepak.com

 

Take Solutions: Up 2.54%

The shares of the company closed in the green at Rs 46.35 with a gain of 2.54 per cent as per BSE. As per NSE, the shares of the company closed in the green at Rs 46.35 with a gain of 2.43 per cent.  In view of the injunction order of the Madras High Court, the company has decided to abort the proposed stake sale of its CRO business under the brand name 'Navitas' to HIG Capital. While the Company reserves the right to appeal against the injunction in the appropriate Court, it will in the meanwhile fully comply with the order of Madras High Court. Source: takesolutions.com

 

Indiabulls Real Estate: Up 2.15

The shares of the company closed in the green at Rs 161.20 with a gain of 2.15 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 161.05 with a gain of 2.03 per cent.  The Board of Directors of the company is scheduled to meet today to consider and approve the raising of funds through the issue of equity shares and/or any other convertible or exchangeable securities, subject to the approval of the members of the Company. Source: indiabullsrealestate.com

 

IndiaMART InterMESH: Up 1.34%

The shares of the company closed in the green at Rs 6,591.90 with a gain of 1.34 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 6576 with a gain of 1.04 per cent.  The company has indirectly through its wholly-owned subsidiary, Tradezeal Online Private Limited (TOPL), agreed to acquire 4,784 Compulsorily Convertible Series A Preference Shares and 100 Equity Shares aggregating to 26.01% of Edgewise Technologies Private Limited (‘EasyEcom’), on a fully diluted basis. It will acquire the shares at an investment of Rs 13.35 crore. Source: corporate.indiamart.com

 

MOIL: Up 0.99%

The shares of the company closed in the green at Rs 177.65 with a gain of 0.99 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 177.50 with a gain of 0.85 per cent.  The Buyback Committee of the Board of Directors of the company has fixed Friday, December 31, 2021, as the record date for determining the entitlement and the names of the eligible shareholders/beneficial owners for the offer. On November 10, 2021, the board had unanimously approved a proposal for the buy-back of equity shares not exceeding 3,38,42,668 at 205/share (face value of Rs 10 each) representing 14.26% of the total number of equity shares in the paid-up share capital of the company for an aggregate consideration not exceeding Rs 693 crore (Buy-back Offer Size). Source: MOIL Twitter

 

ZEEL: Up 0.46%

The shares of the company closed in the green at Rs 349.40 with a gain of 0.46 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 348.70 with a fall of 0.09 per cent.  Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) today announced that they have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence. The new combined company will be publicly listed in India. After the closing, SPE will indirectly hold a majority of 50.86 per cent of the combined company, the promoters (founders) of ZEEL will hold 3.99 per cent, and the other ZEEL shareholders will hold a 45.15 per cent stake. Source: Zee Twitter