Buzzing Stocks Today: Reliance, IndusInd Bank, Raymond, Indiabulls, and More – A Closer Look
Reliance
In a groundbreaking move towards clean energy, Indian oil refining powerhouse Reliance Industries has introduced cutting-edge swappable and multipurpose battery storage technology for electric vehicles (EVs). Led by the visionary billionaire Mukesh Ambani, Reliance showcased these removable batteries at a prominent renewable energy exhibition.
IndusInd Bank
IndusInd Bank, a pioneer in innovative banking solutions, made a significant leap into the digital realm with the launch of its cutting-edge digital banking application, INDIE. With an audacious goal of attracting 10 million customers over the next three years, this move is set to redefine the banking landscape.
Raymond
In a significant move, the Board of Directors at Raymond Limited has given the green light to invest a substantial sum of Rs 301 crore in Ten X Realty Limited (TXRL). TXRL, a wholly-owned subsidiary of Raymond Limited, is set to receive this investment, as disclosed in a regulatory filing made on October 3.
Reliance Brands
New Delhi, India – Reliance Brands Ltd. (RBL), a subsidiary of the formidable Reliance Industries Ltd., helmed by Mukesh Ambani, has made a significant move in the world of fashion. In a groundbreaking joint venture deal, RBL has teamed up with the UK-based clothing retail giant, Superdry PLC. This strategic partnership grants Reliance Brands Ltd. exclusive rights to Superdry’s intellectual property in India, Sri Lanka, and Bangladesh, paving the way for substantial growth in these promising markets.
Edelweiss Financial Services
Mumbai, October 4, 2023 – Edelweiss Financial Services Ltd has made a strategic move by unveiling a public offering of secured redeemable non-convertible debentures (NCDs), aiming to secure up to Rs 200 crore in funds. The financial institution revealed its plans through a regulatory filing on Wednesday.
Goodluck India
In an exciting development, Goodluck Defence and Aerospace Private Ltd, a wholly-owned subsidiary of Goodluck India Ltd, has unveiled its ambitious expansion strategy, geared towards the manufacturing of cutting-edge machine products for the defense and aerospace sectors. As per the official announcement made by the company in its exchange filing, Goodluck India’s board has given the green light to a preferential issue valued at a significant Rs 96 crore.
Indiabulls Housing Finance
In a recent financial move, Capri Global Holdings Pvt Ltd has divested its stake in Indiabulls Housing Finance, amounting to Rs 43 crore in an open market transaction. According to data from the National Stock Exchange (NSE), Capri Global Holdings has sold 25 lakh shares of Indiabulls Housing Finance, which translates to a 0.53% ownership in the company.
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