PRE MARKET
Gift Nifty indicates a flat to positive start for the broader index in India, with a gain of 36 points or 0.14 percent. The Nifty futures were trading around the 25,603 level.
US equity markets were closed on Monday for Martin Luther King Jr. Day.
Asia-Pacific markets traded subdued as Japan’s long-dated government bond yields hit new highs, with investors also weighing renewed U.S. tariff threats tied to Greenland.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index went down -0.95, -0.05, and 0.37 percent, respectively.
STOCKS TODAY
UPL
The company’s subsidiary, Advanta Enterprises, has filed a Draft Red Herring Prospectus (DRHP) with SEBI to raise funds via an IPO. The IPO comprises entirely an offer for sale of 3.61 crore equity shares by existing shareholders, including UPL, which will be selling 2.81 crore shares.
Ola Electric Mobility
The board has appointed Deepak Rastogi as Chief Financial Officer (CFO) of the company, effective January 20, following the resignation of Harish Abichandani from the position, effective January 19.
Hindustan Petroleum Corporation
HPCL has signed a Sale Purchase Agreement (SPA) with Abu Dhabi Gas Liquefaction Company (ALNG), UAE, for the procurement of Liquefied Natural Gas (LNG) for a 10-year term. ALNG is a subsidiary of ADNOC Gas. HPCL will receive LNG at its 5 million tonne per annum LNG storage and regasification terminal at Chhara, Gujarat.
Deepak Nitrite
The company’s subsidiary, Deepak Chem Tech, has commissioned its nitration and second hydrogenation plant at Dahej, Gujarat. The total capital expenditure incurred for the plant is Rs 85 crore as of the date of commissioning.
Aditya Birla Fashion and Retail
An investor is likely to sell up to a 3% stake in Aditya Birla Fashion and Retail via a block deal, with an offer size of $32 million and a floor price of Rs 65.78 per share.
Source – Moneycontrol
