STOCK NEWS 12 JULY

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Adani Wilmar: Company to buy 67% stake in Omkar Chemical Industries at an enterprise value of Rs 56.25 crore. (Neutral)

Welspun Enterprises: Dipali Goenka resigns as non-independent director of Company. (Neutral)

Bombay Dyeing: Vinod Jain resigns as the Chief Financial Officer (CFO) & Chief Risk Officer (CRO) of the company w.e.f July 11 (Neutral)

Adtiya Birla Fashion: Company purchases an additional 17.5% equity stake in Goodview Fashion. (Neutral)

Samvardhana Motherson: Company’s unit raises Rs 2,922 crore through senior notes. (Neutral)

Pitti Engineering: Company raises Rs 360 crore via QIP. (Neutral)

Zee Entertainment: Board to meet to consider and approve raising funds on July 16. (Neutral)

NCL Industries: Company’s cement production down 11% (YoY) in June-QTR, company cement dispatches down 11% (YoY) in June-QTR (Negative)

GTPL: Net profit down 73.3% at ₹14.2 cr vs ₹36 cr, Revenue up 8.9% at ₹843.3 cr vs ₹774.4 cr (YoY) (Negative)

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