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Raymond, CEAT and Alicon Castalloy to see some action today

03 Dec 2020 Evaluate

Raymond’s wholly owned subsidiary -- Silver Spark Apparel (SSAL) has entered into a ‘Share Transfer Agreement’ for divestment of its entire stake in Dress Master Apparel (DMAPL), wholly owned subsidiary of SSAL. Accordingly, SSAL, on completion of conditions set forth in the Share Transfer Agreement, will divest its entire stake in DMAPL.

CEAT has partnered with Nissan Motor for supplying tyres for the Japanese carmaker's newly-launched subcompact SUV Magnite. The compact SUV market in India is set to grow exponentially in the coming years, and CEAT has best in class product offering in this segment. The company will be supplying the SecuraDrive range of tyres for all models of the Nissan Magnite. The Magnite launch would happen for five models.

Alicon Castalloy has received approval from its Board of Directors to raise funds upto Rs 100 crore by issue of further equity capital by way of a qualified institutions placement (QIP), in one or more tranches, which will be issued to qualified institutional buyers. For this purpose, the Board has convened an Extra-Ordinary General Meeting (EGM) of the shareholders of the company on December 30, 2020 for seeking their necessary approvals.

Vikas Multicorp (VML) is planning to enter into new FMCG segment, with Cashews Processing project. The company plans to set -up a raw cashew processing unit in designated food park in the state of Haryana- offering a host of subsidies, incentives and other tax benefits, with an estimated initial capex outlay of Rs100 million.

Trident has issued Commercial Paper (CPs) of Rs 50 crore. The tenure of the said CPs is 62 days with maturity date on February 2, 2021.

Wipro has won multi-year contract from Verifone, a global leader in payments and commerce solutions, to drive agility across its cloud services offerings. The company will develop new features, capabilities and interfaces for Verifone’s Cloud Services offerings, enabling seamless and flexible transaction processing for the company. Leveraging its global engineering support team, the company will accelerate time-to-market for Verifone assisting it to transform its customer partnerships.

Bharti Airtel’s its wholly owned subsidiary -- Nettle Infrastructure Investments has acquired an additional equity stake of around 4.94% in Bharti Infratel on December 02, 2020 for Rs 2,882.32 crore. With this transaction, Bharti Airtel's total direct and indirect stake in its mobile tower arm Infratel has increased to 41.66%. Before the acquisition, Bharti Airtel and Nettle held 23.04% and 13.69% stake, respectively in Infratel.

Raymond Share Price

422.05 0.55 (0.13%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4638.75
SpiceJet 13.88
Raymond 422.05
Global Vectra Helico 203.85
Taneja Aerospace 281.55
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