Stocks in news: JSW Energy, Dixon Tech, ZEE, PC Jeweller, Shriram Properties

JSW Energy
Power producer JSW Energy said it would raise up to Rs 5000 crore by selling shares to institutional investors. The share placement could be done at a floor price of Rs 510.09.

Dixon Tech
Dixon Technologies, India’s largest electronics contract manufacturer, is in initial talks to buy a majority stake in the local phone-making unit of China’s Transsion, ET reported.


The output of mined metals of Hindustan Zinc declined 1% to 299 kilo tonne (KT) in the last quarter of FY24 from 301 KT a year ago.

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UltraTech Cement will commission two more new greenfield units, which have capacities around 5.4 million tonnes per annum (MTPA) in Chhattisgarh and Tamil Nadu.

ZEE
Zee Entertainment said its CEO Punit Goenka will take a 20% pay cut, days after downsizing the workforce at its technology and innovation centre, as part of the company's cost-cut drive.

Anupam Rasayan
Anupam Rasayan has signed a letter of intent (LoI) with a Japanese multinational company for an order worth $90 million or Rs 743 crore.

PC Jeweller
has accepted the one time settlement proposal submitted by the company. PC Jeweller had opted for OTS to settle the outstanding dues.


Biocon Biologics has transferred India’s branded formulations business to for Rs 1,242 crore on a slump sale basis.

Shriram Properties
The IT department has issued a penalty order for matters related to sale of shares in one of the subsidiaries. The company is in the process of challenging before relevant judicial forums and is confident of defending the order.


Leading IT services company HCLTech’s subsidiary has divested 49% equity stake in a joint venture with US-based State Street International Holdings.


Ashiana Housing has sold its entire Gurugram’s phase 3 of "Ashiana Amarah" project for a value of around Rs 440.32 crore.