1 / 7Ethos | Luxury watch retailer Ethos Ltd may soon launch a Qualified Institutional Placement (QIP) worth Rs 150 crore, sources told CNBC Awaaz on October 31. The QIP is likely to be at a discount of 5 percent to current market price. Ethos scrip closed 0.11 percent lower at Rs 1,660.80 apiece on BSE on October 31. The sources also added that the QIP is likely for for expansion and capital requirement.
2 / 7LARSEN & TOUBRO | Following the recent award for a Gas Compression plant, LTEH has secured a Letter of Intent for a comprehensive Gas Processing Plant project from a client in Middle East. The scope of work for the Ultra-Mega Onshore project encompasses the full spectrum of engineering, procurement, and construction activities, including Inlet Separation Facilities, Booster Compression System, Amine Gas Recovery Unit, Dehydration Unit, Mercury Removal Unit, NGL Recovery Unit, and Sales Gas Compression System, the firm said. These components will be integrated into new onshore facilities, enhancing the capabilities of the existing Gas Processing Plants.
3 / 7Lupin | The global pharmaceutical leader, Lupin Limited has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (U.S. FDA) for its Mandideep Unit-2 manufacturing facility. This notable milestone comes after a rigorous inspection carried out from August 7 to August 11, 2023, culminating in the facility being awarded an inspection classification of "No Action Indicated" (NAI).
4 / 7360 ONE | 360 ONE has incorporated a wholly owned subsidiary named as '360 ONE Alternates Asset Management Limited'. Although it has not yet initiated business operations, the company is set to engage in alternative asset management. Notably, all 50,000 equity shares, each with a face value of Rs. 10/-, have been subscribed to directly by the parent company, and no shares have been acquired from third parties.
5 / 7INOX Wind Limited | Inox Wind Energy Limited (IWEL), the promoter and holding company, sold 3,83,62,000 equity shares of the company through block deals on the stock exchange, resulting in proceeds of -Rs. 800 Crores. As a consequence of this transaction, IWEL's shareholding in INOX Wind Limited decreased from 50.20% to 38.43%, and IWEL is no longer the holding company as of October 31, 2023. Additionally, the "Promoter/Promoter Group" shareholding in the company has decreased from 64.64% to 52.87% following this development.
6 / 7Apollo Micro Systems Limited | The company has made two significant disclosures. Firstly, they have appointed MP3 International as their official representative for the Middle East market, aiming to strengthen their presence and engagement with clients in the region. MP3 International is a subsidiary of Grade One Group, part of the EDGE GROUP, which specializes in defense products in the UAE, including military hardware, equipment, pyrotechnics, ammunition, and more. Secondly, Apollo Micro Systems Limited has proposed the establishment of a new Composites manufacturing facility and is seeking the Board's approval for a substantial investment of INR 50 Million to bring this plan to fruition. This move underscores their commitment to electronic manufacturing, hardware design, weapon integration, and platform integration within the Indian Defense sector.
7 / 7Results: Ambuja Cement, Britannia Industries, Godrej Consumer Products, Hero Motocorp, Indraprastha Gas, India Cements, LIC Housing Finance, REC, Sun Pharmaceutical Industries, and Tata Steel are due to report their earnings later in the day.
