Adani Ports: Two promoter entities have raised shareholding in Adani Ports and Special Economic Zone Ltd by over 2 percent. As per the information shared by the company with Indian stock market exchanges, two promoter entities Resurgent Trade and Investment Ltd and Emerging Market Investment DDC have acquired fresh stakes in Adani Ports via the open market. Adani Ports management informed Indian exchanges that Resurgent Trade and Investment Ltd had bought 3,26,18,000 Adani Ports shares, which is 1.51 percent of the total paid-up capital of the Adani group company.

JSW Energy: For the second consecutive day, GQG Partners bought shares of JSW Energy in the open market on 16 August, reported Economic Times. According to the report, the GQG Partners Emerging Market Fund bought a 0.6 percent stake or 10,284.024 shares of JSW Energy at Rs 341.70 apiece for Rs 351 Crore. Earlier on Monday, GQG Partners acquired over 1.2 crore shares of JSW Energy at ₹345 apiece, aggregating Rs 411 crore.

Adani Power: The promoters of Adani Group on Wednesday raised around Rs 9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising through a share sale in a single entity. After amassing stakes worth at least Rs 26,445 crore in multiple Adani group firms through secondary market transactions since March, India-born Rajiv Jain-led investment management firm GQG Partners Llp bought an additional stake worth over $1.1 billion from the promoters of Adani Power.

Coal India: Coal India Ltd. (CIL) reported an 8.5% rise in its capital expenditure in the first four months of the current financial year (FY24) at Rs 4,700 crore. The capex utilization during the period under review was nearly 100% of the progressive target of Rs 4,754 crore and 28.3% of the annual goal of Rs 16,600 crore for the current fiscal. Note that this 8.5% growth in capex for April-July is built upon a high base of Rs 4,332 crore achieved in the corresponding period of FY23, the year when CIL’s capex hit a record Rs 18,619 crore.

Vodafone Idea: Vodafone Idea expects to finalize agreements to raise external equity and bank-led funding in the upcoming quarter, as discussions with potential investors are advancing towards the due diligence stage, said chief executive Akshaya Moondra. “I think we are making good progress. We expect to conclude the discussions in the coming quarter, as far as equity funding is concerned," he said in response to queries during an earnings call following the June quarter results on Wednesday.

VIP Industries: Luggage maker VIP Industries Ltd. has announced the appointment of Neetu Kashiramka as the company’s managing director (MD) designate, effective August 15, following the resignation of Anindya Dutta. Kashiramka will continue as the chief financial officer (CFO), while additionally taking over the responsibility of a managing director designate till 13 November. She will take over as managing director and CFO of the company, effective 14 November, subject to shareholder’s approval, the company said in a statement.

Wockhardt: Shareholders of pharma firm Wockhardt Ltd have rejected a resolution on a related party transaction that seeks to allow the company to raise up to Rs 1,600 crore from its promoter group firm Khorakiwala Holdings and Investments Pvt Ltd. At the company’s annual general meeting held on August 14, the company had put ten resolutions, including the adoption of audited financial statements and the re-appointment of Murtaza Khorakiwala as Managing Director, for approval by the shareholders, all of which were approved except the related party transaction.