- Acquisition of Sister concern Kitex Childrenswear Limited and Combined entity will have topline of 1800 Crores.
- Telegan 1st Unit productions will start from April 2025.
- 2nd Unit at Telegane from April 2026
Kitex Garments Limited (29-09-2024)
One nation, one election: Three bills, including two major ones, could be soon brought to speed up implementation (29-09-2024)
The government is planning to introduce three bills, including two constitutional amendments, to implement simultaneous elections for Lok Sabha, state assemblies, and local bodies. The first bill focuses on aligning Lok Sabha and state assembly elections, while the second addresses local body polls. A third bill will amend laws for Union territories with legislative assemblies.
Congress President Mallikarjun Kharge falls ill during speech in J-K’s Kathua, doctors call for checkup (29-09-2024)
Congress president Mallikarjun Kharge felt dizzy while addressing a rally in Jammu and Kashmir’s Kathua district. He was paying tribute to a head constable killed in an operation with terrorists. Kharge is now stable and under medical care. His participation in another scheduled rally will depend on doctors’ advice.
Singer – Possible turnaround a.k.a. Symphony (29-09-2024)
@SougataG; Even I can not answer your question appropriately except citing the facts from screener dot in
- Company has transformed away from Manufacturing, where the contribution in FY23: was “Sale of Manufactured Goods ~4%(https://www.bseindia.com/xml-data/corpfiling/AttachHis/6afe1b0f-835e-470f-9496-414ed63a422b.pdf#page=94). Rest was from Sale of Traded goods ~96%. So ,
Newer focus is on 6 categories including JMG, Fans, Cooktops, Water Heaters,Washing machines and Air-Coolers. - Segment wise Revenue – FY23:from Sewing machines and related accessories was ~ 68% and from , Domestic appliances ~32%
- The Co, is embarking upon the strong brand and the recall value. They plan a dedicated approach to product improvement, both in terms of quality and range, which will be backed by marketing initiatives, after-sales service and quality improvement.
discl. Have a tracking position for the last 7-8 years.
IRB INVIT TRUST- new game in the town! (29-09-2024)
ofc, it’s as risky as equity everyone knows that, I thought that was common sense. When I mentioned AAA it was shorthand for adequate liquidity and solid assets. wouldn’t write down every redundant detail in every comment about InvIT as an asset class.
Prataap Snacks Ltd – Set for a crunchy bite! (29-09-2024)
Authum Investment & Infrastructure Limited and investor Mahi Madhusudan Kela are set to buy a significant stake in Pratap Snacks Ltd.
The acquirer and PAC have entered into a share purchase agreement dated September 26, 2024, with the sellers, pursuant to which the acquirer has agreed to acquire from the sellers 1.02 crore equity shares of the target company for ₹746 per equity share for an aggregate consideration of ₹846.60 crore,” said the company in the exchange filing.
Apart from this, the company has also announced an open offer to acquire a 26 per cent stake in the company from the market. The acquiring entities made an open offer for 62.98 lakh equity shares, representing a 26 per cent stake for ₹544 crore at a price of ₹864 per share, as per the filing.
Great articles to read on the web (29-09-2024)
Good discussion of Current Markets on Market Masters with Manish Chokani – CNBC TV18