The Prince Pipes Board of Directors approved for buying Aquel Brand of Bathroom accessories worth of Rs.55 cr. Now Aquel Brand is come under Prince Pipes totally.
PRINCE PIPES FITTINGS LTD Market Price is moving in Descending Triangle and market has reached support area of the pattern
Prince Pipes and Fittings Shares Rise 2% on Aquel Brand Acquisition
In early trade on March 21, shares of Prince Pipes and Fittings climbed 2% following the company’s asset purchase agreement with Klaus Waren Fixtures Private Limited and NM Shah. At 9:20 am, Prince Pipes & Fittings was trading at Rs 539.80, up Rs 9.95, or 1.88 percent, on the BSE.
According to an exchange filing, the board of directors of Prince Pipes and Fittings approved the acquisition of certain assets, including the ‘Aquel’ brand, land, buildings, machinery, and office equipment, for an aggregate consideration of not more than Rs 55 crore. The acquisition, funded through internal accruals, is structured in two phases.
The acquisition of the ‘Aquel’ brand and other assets will enable the company to establish an in-house manufacturing facility, enhancing its value in the Bathware segment.
The acquisition process requires consent from the Collector Office, Revenue Branch, Bhuj, Gujarat, and other governmental authorities, if applicable, for the transfer of the land parcels.
The first phase involves the immediate acquisition of the Aquel brand and moulds and dies, while the second phase pertains to the acquisition of land, buildings, machinery, and office furniture situated at Klaus Waren’s plant in Bhuj, Gujarat.
The first tranche of asset acquisition is expected to be completed within 10 days from execution, with the second tranche scheduled for completion by October 15, 2024.
Himadri Speciality chemicals: Himadri Specialty Stock Rises on Lithium-Ion Company Stake Acquisition
The Himadri speciality chemicals acquired 40% stake in Invati creations doing the businesses of Lithium ion productions. Worth of Rs. 45.16 Cr among, 19.99 cr settled in cash mode and remaining makes swap change between two entities. The Himadri director said we have to more lithium ion battery materials with innovative technology and give customer as satisfied materials.
HIMADRI SPECIALITY Market Price has broken Ascending channel in downside
Himadri Specialty Chemical Shares Up 2.5% After Acquiring 40% Stake in Lithium-Ion Company
Himadri Specialty Chemical saw a 2.5% increase in morning trade on March 21 following its announcement of acquiring a 40% stake in Invati Creations, a company specializing in lithium-ion electrode materials engineering, for Rs 45.16 crore.
The acquisition involves Himadri infusing Rs 19.99 crore in cash, with the remaining amount settled through a share swap of 7,96,446 equity shares of face value Rs 1 each, as stated in a regulatory filing on March 20.
As of 9:20 am, the stock was trading at Rs 323 on the National Stock Exchange, up over 1% from the previous close. Over the past year, the share has gained 271%.
This move aligns with Himadri’s vision to produce high-quality lithium-ion battery materials, emphasizing its dedication to exploring innovative technologies in the battery material sector.
Himadri will appoint two nominee directors on Invati’s board, enhancing collaboration and synergy between the two entities.
In the December quarter, Himadri reported a 71% year-on-year increase in net profit, reaching Rs 108.80 crore, marking its highest-ever profit. Revenue remained flat, rising 1.5% to Rs 1,052.50 crore.
The Brightline Trains tie up with Air Gain AI Power Revenue Generation for US Rail Sector. Air Gain Software doing AI Powered advanced Revenue management for Airlines, trains, cruises and hotels. This tieup makes Rate gain company software of Air Gain is moving to next step in the AI Powered Revenue management.
RATEGAIN TRAVEL TECHN LTD Market Price has broken Ascending channel in downside
RateGain Travel Technologies Shares Rise 2.5% as Brightline Trains Selects AirGain for Pricing Intelligence
In early trade on March 21, the share price of RateGain Travel Technologies increased by 2.5% after Brightline Trains, based in the US, opted for the company’s AirGain (A RateGain Product) for advanced rail and airline pricing intelligence in the US rail market.
At 09:18 am, RateGain Travel Technologies was trading at Rs 748.00, up Rs 18.05, or 2.47%, on the BSE.
AirGain, renowned for its AI-powered revenue management solutions catering to airlines, trains, cruises, and online travel agencies (OTAs), provides real-time price intelligence and rate parity solutions, among other services, the company stated.
This collaboration empowers Brightline to access accurate and real-time competitive pricing insights, enhancing its position in the US rail sector, it further added.
On March 19th, it was disclosed that Budget Car & Truck Rental of Calgary, one of Canada’s leading franchises, leveraged RateGain’s Rev-AI’s advanced AI technologies to boost revenue by $1 million.
In February 2024, the company introduced a new platform called Navigator, aimed at aiding commercial teams in tracking demand, monitoring competition, and addressing parity issues in a single place, thereby facilitating the maximization of RevPAR and reduction of manual efforts.
Moreover, RateGain announced a global partnership with FLYR in February 2024, aimed at integrating RateGain’s channel management and distribution solutions with FLYR’s AI-powered Revenue Optimization System (RMS) to assist hotels in enhancing revenue.
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