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Wipro, Vakrangee and KP Energy to see some action today

17 Jun 2022 Evaluate

Wipro has signed an alliance agreement with Eros Investments to evolve and scale the Artificial Intelligence (AI) and Machine Learning (ML) based content localization solution. The solution will automate the time-consuming manual content localization process of subtitling and dubbing with near human-level accuracy, driving significant cost and time savings for global media organizations, post-production, and direct-to-consumer over-the-top (OTT) streaming platforms.

Vakrangee has entered into a Seller Agreement with Decathlon Sports India, a world leader in sports equipment’s to offer a complete range of sports equipment’s and products to the unserved and underserved population of India. Under this collaboration via the Seller Agreement, Vakrangee through its Nextgen physical Kendras and BharatEasy Mobile Superapp will now be able to provide sports equipment’s & products in remote areas of the country.

KP Energy has made additional investment aggregating to Rs 2.2 crore in the Equity Share Capital of KP Energy OMS (KPE OMS), wholly owned Subsidiary Company, by way of subscription to Rights Issue and accordingly, has been allotted 22,00,000 Equity shares of Face Value of Rs 10 each of KPE OMS on June 15, 2022. 

Newgen Software Technologies has incorporated a wholly-owned subsidiary under the name ‘Newgen Software Technologies L.L.C’ in Dubai (UAE). Based on the Trade License cum Registration Certificate as received by the company, the date of registration of the aforesaid subsidiary company is June 15, 2022 and is taken to be registered in Dubai.

EKI Energy Services has incorporated a wholly owned subsidiary company ‘EnKing International Foundation’. EnKing International Foundation has been incorporated to promote, facilitate, improvement of climate change, Rural and urban development and social development and to facilitate and reduction of emission of greenhouse gases. The company will hold 100% (99% held directly, 1% through nominee) in EnKing International Foundation.

Life Insurance Corporation of India (LIC) has acquired additional 93,96,801 equity shares of Dr Reddys Laboratories. With this the company’s shareholding increased to 5.65% from 3.64% of the paid-up capital.

Mafatlal Industries has received an approval for the proposal of divestment of its equity stake/investment, in Vrata Tech Solutions (VTSPL). The company is holding 77.77% of the total paid up capital of VTSPL and it has decided to sell its entire stake/ investment to a promoter group entity for an aggregate consideration of Rs 4.07 crore.

Mafatlal Inds Share Price

132.80 1.10 (0.84%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 123.85
Vardhman Textiles 545.10
Arvind 382.70
K.P.R. Mill 894.60
Page Industries 36971.45
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