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AUTOMOTIVE & TRANSPORTATION | Transportation Services / Marine Shipping & Management Services
gangavaram.com

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Stage

Corporate Minority | Alive

Total Raised

$303M

Valuation

$0000 

Last Raised

$268M | 1 yr ago

About Gangavaram

Provider of all-weather, deepwater, and multi-purpose port facilities.

Gangavaram Headquarter Location

Hansa Crest, 1st Floor Plot No.62, Road No.1, Jubilee Hills

Hyderabad, 500 033,

India

91 40 4434 9999

Latest Gangavaram News

Stocks To Watch: Adani Ports, IDFC, Piramal Enterprises, Jubilant Ingrevia, Amtek Auto

Sep 23, 2021

23 Sep 2021, 7:10 AM IST 23 Sep 2021, 7:10 AM IST 23 Sep 2021, 7:10 AM IST Save India's stock benchmarks closed lower on Wednesday after fluctuating between gains and losses in a volatile session as losses in banking and FMCG stocks offset the gains in information technology, realty, metal, media and auto stocks. The Sensex fell 0.13% to 58,927.33. The Nifty 50 declined by a similar magnitude to 17,546.65. India's stock benchmarks closed lower on Wednesday after fluctuating between gains and losses in a volatile session as losses in banking and FMCG stocks offset the gains in information technology, realty, metal, media and auto stocks. The Sensex fell 0.13% to 58,927.33. The Nifty 50 declined by a similar magnitude to 17,546.65. Here are the stocks to watch in trade today: Adani Ports and SEZ: The company has acquired a 10.4% stake of Gangavaram Port from the government of Andhra Pradesh for Rs 645 crore. Both boards have also approved the merger of Adani Ports and Gangavaram Port at a swap ratio of 159:1,000 shares. The merger has an appointed date of April 1, 2021, and is expected to conclude by March 31, 2022. With this stake purchase, Adani Ports has completed the acquisition of Gangavaram Port for an equity value of Rs 6,200 crore. Jubilant Ingrevia: Jubilant Life Sciences International Pte., Singapore, a wholly owned subsidiary of the company, has divested its entire 10% stake held in Safe Foods Corporation for $18.2 million (approximately Rs 132.4 crore ). Piramal Enterprises: To consider issue of secured NCDs up to Rs 200 crore along with an option to retain oversubscription up to Rs 200 crore, the total size aggregating up to Rs 400 crore on private placement basis, on September 27. Amtek Auto: The company’s shares will be delisted from exchanges from September 27. Insolvency Professional of the company has appointed Ram Singh Poswal as CEO of the company. Infosys: The company has collaborated with Amazon Web Services to develop quantum computing capabilities and use cases. Infosys will use Amazon Braket to explore and build multiple use cases in quantum computing as part of Infosys Cobalt cloud offerings. IDFC: Shareholders voted against a resolution to appoint Vinod Rai as non-independent, non-executive director on the company's board. At the AGM, 62.3% of the shareholders voted against the proposal, with only 37.7% in favour. Rai is currently the non-executive chairman of IDFC and his term as an independent director ended on July 30. Sarda Energy & Minerals: Chhattisgarh State Electricity Regulatory Commission has approved a provisional tariff for the 113 MW hydropower project of subsidiary Madhya Bharat Power Corporation, considering 85% of the cost of the project incurred as of March 2021 with return on equity of 15.5% per annum. Offerings Pledge Share Details Adani Ports and SEZ: Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 10 lakh shares on September 21. Adani Transmission: Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 6 lakh shares on September 21. Ajanta Pharma: Promoter Aayush Agrawal created a pledge of 1.25 lakh shares on September 21. Sun Pharmaceutical Industries: Promoter Shanghvi Finance created a pledge of 60.60 lakh shares on July 2. As reported on September 22. Bulk Deals GMR Infrastructure: Promoter GMR Enterprises sold 4.10 crore shares (0.68%) at Rs 35.30 per share. Ahluwalia Contracts (India): Aditya Birla Sun Life Mutual Fund bought 8.15 lakh shares (1.22%) at Rs 369.5 per share. Promoter Sudershan Walia sold 18 lakh (2.69%) shares at Rs 369.59 per share. GFL: Promoter Inox Leasing and Finance sold 5.81 crore shares (52.93%) at Rs 70.90 per share. Promoter Nandita Jain bought 65.12 lakh shares (5.93%) at Rs 70.90 per share. Promoter Nayantara Jain bought 68.17 lakh shares (6.21%) at Rs 70.90 per share. Promoter Pavan Jain bought 71.47 lakh shares (6.51%) at Rs 70.90 per share. Promoter Vivek Jain bought 83.44 lakh shares (7.60%) at Rs 70.90 per share. Promoter Devansh Jain bought 1.45 crore shares (13.24%) at Rs 70.90 per share. Promoter Siddharth Jain bought 1.47 crore shares (13.46%) at Rs 70.90 per share. Insider Trades Karda Constructions: Promoters (Naresh Karda and Neha Karda) sold 32.50 lakh shares between September 20-21. Manappuram Finance: Promoter VP Nandakumar bought 5 lakh shares on September 21. STEL Holdings: Promoters (Secura India Trust and Castor Investments) bought 33,237 shares between September 17-22. West Coast Paper Mills: Promoter (Veer Enterprises and Shree Satyanarayan Investments Company) bought 33,380 shares between September 20-21. Usha Martin: Promoter Peterhouse Investments sold 1.50 lakh shares on September 21. Who’s Meeting Whom GE Power India: To meet Nippon Life India Trustee on September 23. Themis Medicare: To meet Kotak PMS on September 23. Gujarat Themis Biosyn: To meet Kotak PMS on September 23. Gulshan Polyols: To meet Abakkus Asset Managers on September 23. HPL Electric & Power: To meet River Valley Asset Management on September 23. Timex Group India: To meet meet Consortium Securities, Astute Investment Management, and Artha Ventures on September 23. Tata Consumer Products: To meet Equirus Securities on September 24. Greaves Cotton: To meet SBI MF on September 28. GMM Pfaudler: To meet Kotak Securities on September 29. Trading Tweaks Price Band Revised From 10% To 5%: Happiest Minds Technologies, New Delhi Television Ex-Date Stock Split: Artemis Medicare Services Ex-Date EGM: CarTrade Tech Ex-Date Bonus Issue: Sportking India Record Date Final Dividend: SVP Global Ventures, NBCC (India) Record Date Dividend: Mold-Tek Packaging Move Out Of Short-Term ASM Framework: Reliance Capital, Cantabil Retail India Move Into ASM Framework: Reliance Infrastructure

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