Trending Stocks: UltraTech, Bajaj Auto, Nykaa and others in news today

UltraTech Cement: The company has started operation at its third Birla White Wall Care Putty plant in Rajasthan having a capacity of 4 LMT per annum, at a total cost of Rs 187 crore. Currently, it has a Wall Care Putty capacity of 13 LMT per annum.

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Bajaj Auto Ltd: Life Insurance Corporation of India sold a 2% stake or 56.68 lakh shares in Bajaj Auto through open market transactions. With this, LIC’s shareholding in the company stands declined to 5.2%, from 7.2% earlier.

FSN E-Commerce Ventures Ltd (Nykaa): Citigroup has launched a block deal to offload shares in fashion retailer Nykaa, amounting to $125 million or Rs 1,000 crore, CNBC Awaaz reported. TPG Capital is the involved seller in the block deal.

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Bharat Electronics Ltd: The Navratna PSU (Public Sector Undertaking) has signed a Memorandum of Understanding (MoU) with Armoured Vehicles Nigam Limited (AVNL/AVANI), a defence PSU. They will jointly address domestic and export opportunities in the areas of combat vehicles, main battle tanks (MBTs), infantry fighting vehicles (IFVs), armoured fighting vehicles (AFVs) and co-related systems. It has also signed another MoU with Advanced Weapons and Equipment India (AWEIL), a defence PSU.

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CSB Bank: The bank received approval from the Reserve Bank of India (RBI) for the appointment of Ms. Bhama Krishnamurthy as Part-time Chairperson of the bank with effect from November 17. She will be the part-time chairperson of the bank from November 17, 2022, to September 28, 2024.

Mahindra Lifespace Developers Ltd: The company has commenced a residential project, Mahindra Citadel Phase 1, at Pimpri Chinchwad, Pune.

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Alstone Textiles (India) Ltd: The company has fixed December 14, 2022, as a for the sub-division of equity shares. Each share will be subdivided into 10 shares of the nominal value of Re 1 each fully paid-up and will ascertain the eligibility of shareholders entitled to the issuance of bonus equity shares in the proportion of 9 shares of Re 1 each for every 1 existing share of Re 1 each.