Market View 7th September 2022

FIIs & DIIs:

News Update:

Wipro: The company has entered an expanded collaboration with Palo Alto Networks to deliver managed security and network transformation solutions like Secure Access Service Edge, cloud security and next-generation Security Operations Center solutions based on Zero Trust principles for global enterprises.

Brightcom Group: The company has cancelled the definitive share purchase agreement that was entered in December 2021 with MediaMint. Both the companies have jointly decided to change their proposed transaction from acquisition to a possible strategic alliance and provide backend services to Brightcom’s future acquisitions.

PTC India: The company clarified that media report regarding setting up a plant by PTC in Nepal is “incorrect”. No negotiations related to setting up of a plant in Nepal has taken place with any entity.

InterGlobe Aviation: Petrus Elbers joins the company as Chief Executive Officer with effect from Sept. 6.

Paras Defence & Space Technologies: The company has entered into an exclusive teaming agreement with ELDIS Pardubice, Czech Republic to provide turnkey anti-drone systems for civilian airports in India.

Astral: The company has received order from NCLT sanctioning Scheme of Amalgamation of subsidiaries Resinova Chemie Limited and Astral Biochem Private Limited with itself. Accordingly, the Scheme of Amalgamation has become effective from September 6.

Salasar Techno Engineering: Board has approved the allotment of 3 crore equity shares to QIBs at a price of Rs 27.30 per share. The company raised Rs 81.9 crore through its issue.

Source: Moneyontrol, Livemint,, Bloomberg, Investing    

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