Maruti Suzuki, Rupa & Company, Delhivery, Venus Pipes in focus

Maruti Suzuki India (MSIL): The company has agreed to acquire an equity stake of 12.09% in Sociograph Solutions Private Limited (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company that specializes in a visual AI platform predominantly used to help enterprises improve sales experiences and improve efficiency in their business.

Marico: Marico has made a strategic investment and acquired stake in HW Wellness Solutions Private Limited, a leading Digital first brand in the healthy breakfast and snack segment under the brand name 'True Elements'. As part of the aforesaid transaction, the company has acquired 53.98% of the paid-up share capital of HW Wellness and it has accordingly become a subsidiary of the company.

 

Rupa & Company: The innerwear maker accepted the resignation of Dinesh Kumar Lodha as the chief executive officer and Ramesh Agarwal as the chief financial officer, with effect from 31 May 2022.

Delhivery: Shares of logistics major Delhivery will debut on the bourses today. The issue price was fixed at Rs 487 per share.

Venus Pipes & Tubes: Shares of the company will be making its debut today. The issue price was fixed at Rs 326 per share.

Ramco Cements: On a consolidated basis, Ramco Cements' net profit fell 45% to Rs 118.57 crore on 5% increase in total income to Rs 1,722.68 crore in Q4 FY22 over Q4 FY21.

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