Carborundum Universal has allotted 57,444 shares of Re.1/- each arising out of the exercise of stock options, granted to the option grantees of the Company under the Employees Stock Option Scheme 2007 and ESOP Plan 2016 respectively on 10 March 2021.
Consequent to this allotment, the number of equity shares outstanding is 189,572,578 and the paid-up equity share capital is Rs. 189,572,578/-
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The Reynolda Quartet will present a livestreamed concert at 3 p.m. March 14.
The quartet, composed of violinists Ida Bieler and Janet Orenstein, violist Ulrich Eichenauer and cellist Brooks Whitehouse, all of whom serve as faculty at UNCSA, will perform âConcert of Gratitude,â the second concert in collaboration with Reynolda House.
Cost is $10 per household at tinyurl.com/zzz69ywc.
Seeking artists
Yadkin Arts Council has issued a call for art for its 2021 juried exhibition at Welborn Gallery.
Artists from across North Carolina are eligible to participate in the 10th annual exhibit, which will be on display from July 1 to Aug. 27.
Amara Raja Batteries, the country s second-largest automotive battery maker, has opened the country s maiden technology hub to develop lithium-ion cells, at its Tirupati facility in Andhra Pradesh. The advanced lithium-ion technology research hub, the pilot project located at its headquarters in Tirupati, will become the country s first lithium-ion cell manufacturing facility in the private sector over the next few years, Amara Raja Batteries CEO S Vijayanand told PTI. The company has a technology transfer agreement with the Indian Space Research Organisation (ISRO) since early 2019. Vijayanand said Amara Raj has already invested Rs 20 crore into the hub, excluding technology transfer and bidding fees paid to the ISRO in January 2019 when the company along with nine others won competitive bids from the national space agency.
Wendt (India) slumped 6.01% to Rs 2918 after the offer for sale (OFS) opened for non-retail investors today.
Through the OFS, the company s promoter Carborundum Universal and Wendt GmbH propose to sell 94,704 shares, constituting 4.74% paid-up share capital of the company.
As per Sebi norms, the promoters need to bring down their stake to 75%. As per the latest shareholding pattern, Carborundum Universal and Wendt GmbH, both held 39.87% stake each in the company as on 30 September 2020.
The floor price for the OFS has been set at Rs 2200 per share, at a 29.14% discount to Wendt s closing price of Rs 3,104.7 on Wednesday, 6 January 2021.
The OFS opened on Thursday (7 January 2021) for non-retail investors, while both retail as well as non-retail investors will be able to subscribe on Friday (8 January 2021).
Local indices are trading on a firm note in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 234.60 points or 0.49% at 48,408.66. The Nifty 50 index was up 74.80 points or 0.53% at 14,221.05.
The S&P BSE Mid-Cap index was up 1.01%. The S&P BSE Small-Cap index was up 1.05%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1769 shares rose and 368 shares fell. A total of 79 shares were unchanged.
Stocks in news:
Maruti Suzuki India rose 0.4%. Maruti Suzuki India said total production increased to 1.55 lakh vehicles in December 2020, from 1.15 lakh vehicles in December 2019.