Stocks To Watch Today: Aditya Birla, Easy Trip Planners, Blue Star & More

In the trading session of Wednesday, below are the stocks that are likely to be in focus today on 27th September, 2023.

Aditya Birla Fashion and Retail

In accordance with the Share Purchase Agreement dated May 5, 2023, the company has completed the acquisition of 22% of the expanded share capital of TCNS from the Promoters and Promoter Group of TCNS, including Mr. Arvinder Singh Pasricha, Mr. Onkar Singh Pasricha, Mr. Saranpreet Pasricha, and Ms. Parmeet Pasricha. In order to gain control over TCNS, the company picked up 51% of the expanded share capital of TCNS. As of September 26, 2023, the company will promote TCNS and TCNS will become a subsidiary of the company. TCNS will also be a material subsidiary of the company in accordance with SEBI Listing Regulations.

Aditya Birla Capital

On September 26, 2023, Aditya Birla Capital Limited invested Rs. 749,99,98,868 on a rights basis in the equity shares of Aditya Birla Finance Limited (ABFL), a wholly owned material subsidiary of the company. As a result of the aforementioned equity share transaction, ABFL continues to be a fully owned subsidiary of the company.

Easy Trip Planners

DuDigital Global Limited has joined up with EaseMyTrip, one of the largest and most recognised online travel firms in India, to transform the way that passport and visa services are provided.

Nishant Pitti, CEO, and Co-founder of EaseMyTrip, expressed his enthusiasm about the partnership, stating, "We are thrilled to unite with DuDigital Global Limited in this transformative endeavor. Our collaboration harnesses DuDigital's global expertise in administrative services and our deep-rooted knowledge of the travel industry. Together, we are committed to introducing comprehensive solutions that not only simplify the visa and passport application process but also set new standards for service excellence."

Rajji Rai, Chairman of DuDigital Global Limited, shared his perspective, saying, "This partnership signifies a significant milestone in our journey to redefine administrative services. We are excited about the possibilities it holds for enhancing the travel documentation experience. Our joint efforts with EaseMyTrip underscore our dedication to excellence and innovation."

DCM Shriram

To expand the capacity of uPVC extrusion, Fenesta Building System's Kota uPVC extrusion unit built two extrusion lines and one blending line, and the unit started operating on September 26, 2023. The aforementioned development will boost Fenesta's uPVC profile manufacturing capacity from 8,600 to 12,284 tonnes per year.

Mr. Saket Jain, Business Head, Fenesta said, "Our strategic vision of increasing the capacity of the plant is embraced by dual commitment: a dedicated focus on customer satisfaction and an extended outreach to connect with a wider consumer base. This expansion with these guiding principles, will help us diligently enhance our reach and better serve our customers across the nation. The journey so far has been remarkable, and we are poised for accelerated growth in the upcoming years."

Blue Star

In a press release on Tuesday, Blue Star Limited stated that as part of the objectives of the qualified institutions placement (QIP) stipulated in the placement document dated September 22, 2023, the Company has acquired 4,900,000 equity shares of Rs. 10 each at par totalling Rs. 49 crores by subscribing to the rights issue of Blue Star Climatech Limited, the company's wholly-owned subsidiary (BSCL).

3i Infotech

Ujjivan Small Finance Bank Limited has granted the company a contract for End User Support Services (Workplace Services). Spread over 5 years, the total contract value is about Rs. 39.55 crore + Rs. 35 lakhs in one-time transition fees.

IndusInd Bank

The International Cricket Council (ICC) and IndusInd Bank are pleased to announce that they will work together over a number of years as a Global Partner for the much anticipated ICC Men's Cricket World Cup in 2023 and other ICC Men's events. As a Global Partner for the 2023 ICC Men's Cricket World Cup, IndusInd Bank will have access to a variety of fun events and promotions for customers, staff, and cricket enthusiasts.

"The premium opportunity will be through ownership of the flagship Anthem Companion programme, in which selected customers of IndusInd Bank and employees will have a chance for their children to participate in the teams walk out onto the field before the start of play for the national anthems. Other elements of the experience include on-field access, engaging brand activations and the chance to witness some of the best cricketing action," said the bank in a stock exchange filing.

Mr. Sumant Kathpalia, Managing Director & CEO, IndusInd Bank, said, "We believe in the transformative power of sports and ICC World Cups are one of the most popular sporting events in the world, with millions of fans tuning in to watch the best cricket teams battle it out. We are extremely proud to be associated with the ICC and believe that this collaboration will further strengthen our brand visibility and enhance our customer engagements, both domestically and internationally. We look forward to create exceptional moments that our customers and employees as well as cricket fans will cherish in the time to come."

ICC Chief Commercial Officer, Anurag Dahiya, said: "We are delighted to welcome IndusInd Bank into the ICC family as a Global Partner for the Men's Cricket World Cup 2023 and future ICC Men's events. We believe that cricket's vision of more players, more fans and more nations enjoying the sport is well-aligned to IndusInd Bank's reach and unwavering commitment to excellence. IndusInd Bank will add great value to the event experience, both through the delivery of the Anthem Companion programme and the co-creation of unique experiences and opportunities for its customers, employees as well as cricket fans."

Shyam Metalics & Energy

Shyam Metalics and Energy Limited announced its entry into the energy storage sector with battery-grade Aluminum foil, a critical component in Lithium-ion cells. In the field of battery energy storage, the firm is working to become one of the first significant domestic contributors to the government's Atma Nirbhar Bharat project. Shyam Metalics, a significant manufacturer and exporter of aluminium foil with an annual production capacity of 20,000 tonnes, would enable India to secure a significant raw material stake in the worldwide lithium-ion cell industry, which is anticipated to reach a capacity of 6500GWh/year by 2030.

Mr. Sheetij Agarwal, Head of Business Excellence & Strategy,said, "For India's sustainable future, lithium-ion batteries are as crucial as fossil fuels. SMEL is committed to securing minerals and streamlining cell and battery manufacturing to power our grid and EV transition. With the government's support through duty reductions and funding, our new battery foil division will drive cost-efficient battery production and contribute to our nation's growth."

Mr. Brij Bhushan Agarwal, Vice Chairman & Managing Director, said, "We are thrilled to foray into manufacturing battery foil and support the government to mobilize resources to indigenize battery cell manufacturing. We believe that India's energy transformation will skyrocket as we delve into lithium-ion battery foil manufacturing, supporting the government's efforts to localize battery cell production. This move will free India from import dependence, strengthen upstream component manufacturing, enhance material processing, nurture skills, foster technology know-how, and fortify the infrastructure for a wholly indigenous value chain."

Century Textiles and Industries Limited

The Aditya Birla Group's real estate venture, Birla Estates Pvt Ltd, a 100 percent owned subsidiary of Century Textiles and Industries Limited, has successfully sold out phase 1 of Birla Trimaya within 36 hours of its opening. With 556 units reserved, representing a booking value of over INR 500 crore, the company has cemented its position as a market leader in Bengaluru's premium residential real estate sector. The 52-acre property known as Birla Trimaya, which is located in North Bangalore, is owned by M. S. Ramaiah Realty LLP.

Mr. K. T. Jithendran, MD & CEO of Birla Estates said "The launch of Birla Trimaya Phase 1 has created a significant milestone as our third investment within this continually evolving city. This achievement only reaffirms our commitment to delivering extraordinary living experiences to our clients. The constant influx of global companies and the need for skilled professionals are the driving factors for the luxury real estate boom in the city. North Bengaluru has become the epicentre of these skilled professionals who seek not just a home but a lifestyle that reflects their success and aspirations."

Vaibhav Global

On Wednesday, the VGL Group said that its wholly owned subsidiary Shop TJC (UK) has signed a legally binding contract to acquire Mindful Souls BV, an online retailer specialising in subscription-based sales of fashion jewellery, gemstones, and lifestyle products. The transaction's purchase consideration, which is 12 million euros, will be paid for through internal accruals.

Mr. Sunil Agarwal, Managing Director, Vaibhav Global Limited said, "The proposed acquisition will create synergies through our deep sourcing and manufacturing abilities. Mindful Souls' native digital abilities will allow us to strengthen our digital businesses."