After the spike in outbreak of the Coronavirus pandemic in many parts of Maharashtra, Covid-19 cases have also increased marginally in many parts of Madhya Pradesh, too. The Bharatiya Janata Party-led government in Madhya Pradesh is alert and has directed wearing of masks to be made mandatory in the Bhopal and Indore. At the same time, special precautions have been ordered in the border districts of Maharashtra. There has been a sudden spike in the number of coronavirus patients in several parts during the last one week in the state. Government data shows that 110 cases have been reported in Indore, 57 in Bhopal and 12 in Jabalpur daily in the last seven days.
Zuari Agro Chemicals surged 14% to Rs 104.20 after the company s board approved selling the fertilizer plant at Goa and associated businesses to Paradeep Phosphates (PPL) for $280 million.The board of Zuari Agro Chemicals at its meeting held today, 22 February 2021, approved the sale of the company s fertilizer plant at Goa and associated businesses of the company to Paradeep Phosphates (PPL) as a going concern, on a slump sale basis for an agreed enterprise value of $280 million as defined in the business transfer agreement.
PPL is a group company. It is the subsidiary of the company s joint venture, Zuari Maroc Phosphates. The transaction would fall within related related party transactions and is being done at an arm s length basis.
Hyderabad MP Asaduddin Owaisi s All India Majlis-e-Ittehadul Muslimeen (AIMIM) marked its debut in Gujarat polls by winning seven seats in the civic body of Ahmedabad. Results of polls to six municipal corporations were declared on Tuesday, and AIMIM, which fielded 22 candidates in six wards, ended up with seven wins in two wards. In Gujarat, each ward of a municipal corporation has four seats. While a panel of four candidates won in Jamalpur ward, three out of its four contestants won in Maktampura ward in Juhapura area of the city. Those who won in Jamalpur included former Congress corporators Mohammad Rafiq Shaikh and Mushtaq Khadiwala, while the third victor, Bina Parmar, was a new face.
Rain Industries Ltd, Hindustan Oil Exploration Company Ltd, Newgen Software Technologies Ltd and Hindustan Copper Ltd are among the other gainers in the BSE s A group today, 23 February 2021.
Rain Industries Ltd, Hindustan Oil Exploration Company Ltd, Newgen Software Technologies Ltd and Hindustan Copper Ltd are among the other gainers in the BSE s A group today, 23 February 2021.
Ramco Systems Ltd spiked 10.36% to Rs 618.1 at 11:49 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 30388 shares were traded on the counter so far as against the average daily volumes of 11659 shares in the past one month.
Rain Industries Ltd surged 9.94% to Rs 157. The stock was the second biggest gainer in A group. On the BSE, 5.22 lakh shares were traded on the counter so far as against the average daily volumes of 1.65 lakh shares in the past one month.
For divestment in Konkan LNG and acquisition of stake in Ratnagiri Gas and PowerNTPC has executed Share Purchase Agreements with GAIL (India) on 23 February 2021, for purchase of GAIL s share (25.51%) in Ratnagiri Gas and Power (RGPPL) and Sale of NTPC s share (14.82%) (on fully dilutive basis) in Konkan LNG (KLL).
After transfer of shares as per the Share Purchase Agreements, NTPC will exit from
KLL and NTPC s shareholding in RGPPL will become 86.49%.
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