Buzzing Stocks: Paytm, Wipro, SBI, EasyTrip, TVS, CMS Infosystems & others in news

One 97 Communications: The company’s associate entity, Paytm Payments Bank (PPBL), has reconstituted its Board of Directors with the appointment of former Central Bank of India chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former executive director of Bank of Baroda Ashok Kumar Garg, and retired IAS officer Rajni Sekhri Sibal. They have recently joined as independent directors on the board. The company has withdrawn its nominee from the Paytm Payments Bank board, and Vijay Shekhar Sharma stepped down as part-time non-executive chairman and board member.

TVS Motor Company: Subsidiary TVS Motor (Singapore) Pte Ltd has agreed to acquire a further 8,000 equity shares in Killwatt GmbH for 4 million euros. With this, the shareholding of TVS Motor (Singapore) Pte Ltd in Killwatt GmbH will increase from 39.28 percent to 49 percent.

Wipro: The technology services and consulting company announced a joint private wireless solution with Nokia to help enterprises scale their digital transformation. This joint solution will provide enterprises with a more secure 5G private wireless network solution integrated with their operation infrastructure.

State Bank of India: The Reserve Bank of India has imposed a monetary penalty of Rs 2 crore on the State Bank of India for deficiencies in regulatory compliance.

Canara Bank: The bank has received approval from the Board of Directors for the split of every equity share (face value of Rs 10 each) into 5 equity shares (face value of Rs 2 each), subject to the approval of the Reserve Bank of India. Meanwhile, the RBI has imposed a monetary penalty of Rs 32.30 lakh on the bank for non-compliance with certain directions.

Andhra Cement: Promoter Sagar Cements will be selling 46,08,607 equity shares, or a 5 percent equity stake, in Andhra Cement through an offer-for-sale (OFS) on February 27–28. The floor price has been fixed at Rs. 90 per share. The OFS will open for institutional investors on February 27 and retail investors on February 28.

Housing & Urban Development Corporation: HUDCO said the board has approved an appointment of Madhu Nagrani as Chief Risk Officer of the company for two years with effect from March 1, in place of NS Ganesh,Ganesh, consequent upon his superannuation. Currently,Currently, Madhu Nagrani is the generalgeneral managermanager (finance) of the company.

Easy Trip Planners: Minerva Ventures Fund bought 90 lakh equity shares (equivalent to half a percent of paid-up equity) in the company at an average price of Rs 48.75 crore, valued at Rs 43.87 crore.

Ducon Infratechnologies: Ducon and Germany’s DeltaVision signed a Memorandum of Understanding to provide innovative fluid control solutions pertaining to rocket fuel propulsion systems and hydrogen fuel delivery systems for the Indian market. The collaboration will comprise co-development, domestic industrialization, and manufacturing of embedded products to feed the emerging Indian markets in the hydrogen and aerospace value chains.

Zenith Drugs: The pharma company is set to debut on the NSE Emerge on February 27. The issue price has been fixed at Rs. 79 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.

Union Bank of India: The bank said its Committee of Directors for Raising Capital Funds approved the allotment of 22,11,57,390 equity shares to eligible qualified institutional buyers (including Morgan Stanley Asia (Singapore) Pte, Societe Generale-OODI, HDFC Life Insurance Company, BNP Paribas Financial Markets, SBI Life Insurance, and Sundaram Mutual Fund) at the issue price of Rs 135.65 per share against the floor price of Rs 142.78 per share, amounting to Rs 3,000 crore.

City Union Bank: The Reserve Bank of India has imposed a monetary penalty of Rs 66 lakh on City Union Bank for deficiencies in regulatory compliance. The RBI said there was significant divergence between the non-performing assets (NPAs), and City Union Bank did not put in place a system of periodic review of risk categorization of accounts of its customers.

Multi Commodity Exchange of India (MCX, and the Jakarta Futures Exchange (JFX): The largest exchange in the commodity and derivatives market in Indonesia, have entered into a Memorandum of Understanding (MoU) to enhance collaboration in key areas, including knowledge sharing, research, education, training, awareness creation, and other market development initiatives.

CMS Info Systems: Promoter Sion Investment Holdings Pte Limited is likely to sell up to a 26.7 percent stake in the company via block deal for Rs 1,500 crore, reports CNBC-TV18, quoting sources. This means the promoter seems to be exiting the company. The floor price of the deal has been fixed at Rs 360 per share, a 9 percent discount to Monday’s closing price.

Lemon Tree Hotels: The hotel chain has signed a license agreement for Lemon Tree Resort in Sankhwas Garh, Rajasthan, and Keys Lite by Lemon Tree Hotels in Vijayawada, Andhra Pradesh. Both properties are expected to open in FY26. Carnation Hotels, a wholly owned subsidiary and the hotel management arm of the company, will be operating this hotel.

Power Mech Projects: The company has received an order worth Rs 396.25 crore from South East Central Railway for the construction of the electrified 4th railway BG line in Chhattisgarh on an EPC basis.

HFCL: The company, along with its material subsidiary, HTL, has received purchase orders worth Rs 40.36 crore for the supply of optical fiber cables to one of the leading private telecom operators in the country.

Hind Rectifiers: The electrical and electronic equipment manufacturer has received an order worth more than Rs 200 crore from Indian Railways.

Kilitch Drug (India): The pharmaceutical company said its subsidiary, Kilitch Estro Biotech PLC, has secured a significant tender issued by the Ethiopian Pharmaceutical Supply Service of the Federal Democratic Republic of Ethiopia. The contract for the supply of pharmaceuticals is worth $9.13 million. The contract is executable within a timeline of six months from the receipt of the order.

Sigachi Industries: Subsidiary Sigachi MENA FZCO, incorporated in Dubai, and iConsult Trading Consultancy LLC, a wholly owned subsidiary of iMass Investments, UAE, have formed the joint venture Sigachi Global to enter the growing UAE food and pharma market. Sigachi MENA FZCO will hold a 75 percent stake in the JV, and iConsult will hold a 25 percent stake.

BGR Energy Systems: Promoter Sasikala Raghupathy sold 18,11,464 equity shares in the company via open market transactions at an average price of Rs 79.73 per share, amounting to Rs 14.44 crore.

Deem Roll Tech: The company will list its equity shares on the NSE Emerge on February 27. The issue price is Rs. 129 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.