Aether Industries

The speciality chemical manufacturer will make its debut
on the stock exchanges on June 3. The issue price has been fixed at Rs 642 per
share. The IPO of Aether Industries was open for subscription between May 24-26
as the company sold its shares in the range of Rs 610-642 to raise Rs 808 crore
via the primary route. The issue received a solid response from investors with an
overall subscription of more than 6.26 times, thanks to solid bidding from
Institutional buyers whose portion was subscribed 17.6 times and HNI allocation
was booked 2.5.

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UltraTech Cement

The country’s largest cement maker said its board had
approved a new capital expenditure (CAPEX) plan of Rs 12,886 crore, as the firm
braces for competition in the sector. The CAPEX would increase capacity by 22.6
million tonnes per annum (mtpa) through brownfield and Greenfield projects.
This would include setting up integrated and grinding units as well as bulk
terminals across the country. Commercial production from these new capacities
is expected to go on stream in a phased manner by fiscal 2025.

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Wardwizard Innovations & Mobility

The electric two-wheeler brand Joy e-bike maker sold
2,055 units in May 2022. With that, the company has reported a growth of 329%
as compared to May 2021, when the company had sold 479 units. Recently,
WardWizard entered into the highspeed scooter segment with Wolf+, Gen Next
Nanu+ and fleet management electric scooter Del Go.

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MTAR Technologies

MTAR Technologies Limited has entered into a Share Purchase
Agreement with sellers and GEE PEE Aerospace & Defence Private Limited for acquiring a 100% stake in GEE PEE Aerospace & Defence. The acquisition cost is Rs 8.82
crore payable in Cash after deduction of borrowings and liabilities.

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Fiem Industries

Elevation Capital V FII Holdings sold a 2.16% equity
stake in the company through open market transactions on June 1. With this, its
shareholding in the company stands reduced to 6.59%, down from 8.75%
previously.

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Pharmaids Pharmaceuticals

Promoter Sadhanala Venkata Rao sold a 7.75% equity stake
in the company in open market transactions on June 2. With this, Rao’s
shareholding in the company declined to 22.39%, down from 30.14% earlier.

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Prudent Corporate Advisory Services

Promoter Rameshchandra Chimanlal Shah and persons acting
in concert (PACs) acquired 4.25 lakh equity shares in the company through open
market transactions on June 2. With this, their shareholding in the company
stands increased to 57.81%, up from 56.78% previously.