Stocks in news: Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates

Mankind Pharma
Biege is likely to sell up to 2.9% stake in Mankind Pharma through block deals on Tuesday, according to various reports.


JSW Energy’s arm JSW Renewable Energy (Coated) signed a business transfer agreement (BTA) with Reliance Power for purchase of the 45 MW Vashpet wind project for Rs 132 crore.

Sanghi Industries
Ambuja Cements has sold about 2% stake of Sanghi Industries in the open market to achieve minimum public shareholding.


The Board RIL approved 100% equity purchase of MSKVY 19 Solar SPV and MSKVY 22 Solar SPV from MSEB Solar Agro Power in accordance with the terms of the tender awarded to the company.

Vedanta
Mining conglomerate Vedanta is looking to invest $6 billion across businesses that span from aluminium and zinc to iron ore, steel and oil and gas as it looks to add at least $2.5 billion to annual EBITDA.

Paytm
Praveen Sharma has resigned from the post of SVP - Business of One 97 Communications with effect from March 31.


Tech Mahindra said it plans to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to synergise business operations, optimise operational cost, and reduce compliance risks.

Paradeep Phosphates
The central pollution control board (CPCB) has issued a closure notice to Paradeep Phosphates' Odisha plant.


Maruti Suzuki said it has acquired over 6% stake in technology startup Amlgo Labs.


RVNL has signed an MoU with Airports Authority of India (AAI) for construction of subway/underpass to connect the operational area to the AAI's residential colony in Kolkata.

Lupin
The company plans to carve out, its trade generics business in India, as a going concern, on a slump sale basis, to Lupin Life Sciences, a wholly owned subsidiary.

HAL
HAL has signed a contract with Guyana Defence Force for supply of two Hindustan-228 commuter aircraft. The estimated value of the contract is Rs 194 crore.

Schaeffler India
The Board approved the re-appointment of Harsha Kadam, as the Managing Director and CEO of the company for a period of three years with effect from October 1, 2024.

Ultratech Cement
Ultratech Cement commissioned a 1 mtpa brownfield cement capacity at Roorkee, Uttarakhand taking the unit’s capacity to 2.1 mtpa. With this, the company’s total grey cement manufacturing capacity in India now stands augmented to 138.39 mtpa.