JKB Financial Services Ltd.

As on : 22-Aug-2023

Market Commentary - Stock Alert
22-Aug-2023 08:10

Tata Power, Union Bank of India, Lemon Tree Hotels in focus

Tata Power Company: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, signed a Power Purchase Agreement (PPA) for 9MWp on campus solar plant with Tata Motors Pantnagar plant in Uttarakhand.

Union Bank of India: A meeting of the Committee of Directors for Raising Capital Funds is scheduled to be held on 24 August 2023 to, inter alia, consider and approve the issue price, including a discount, if any for the equity shares to be allotted to Qualified Institutional Buyers, pursuant to the Issue.

Lemon Tree Hotels: The company has signed License Agreement's for two properties in Bhubaneswar and Kasauli under the company's brand ?Lemon Tree Hotel? and ?Lemon Tree Mountain Resort?, respectively.

Brigade Enterprises: The company has entered into a sale deed today for acquiring 6.54 acres of land parcel located at Rajiv Gandhi Salai (Old Mahabalipuram Road), Sholinganallur, Chennai in which a residential project will be developed.

Rail Vikas Nigam Limited (RVNL): RVNL has incorporated wholly owned subsidiary company viz., MASAKANI PARADEEP ROAD VIKAS LIMITED.

Eris Lifesciences: The company has entered into Term Loan Agreement to avail the Rupee Term Loan facility amounting to Rs 120.82 crore from Citi Bank N.A. (Bank).

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