Stock Market Latest News 28June2023

Market news

JK Tyre Banmore Plant Capacity Expansion 1st PhaseEXPANSION 1st Phase

The company announces the completion of its first phase of capacity expansion of its radial tyre manufacturing facility with an investment of Rs. 312 crore

This expansion will result in a 31% increase in the plant’s annual output capacity, from 39 lakh to 51 lakh units

The second phase of expansion is expected to be completed by April 2024 with an additional
investment of Rs. 617 crore, further increasing the production capacity by 31%

HDFC Acquired Xanadu Realty Limited  5.46% of its paid-up equity share 

Aggregate revenue during FY 2021-22 – Rs. 143.90 crore
Balance sheet size as on March 31, 2022 – Rs. 225.79 crore

Xanadu is inter alia engaged in sales, marketing and project management consulting services for real estate. Xanadu advises and assists real estate developers in providing strategic sales related and go-to-market guidance, and marketing operations services to garner their business and assist them in the market launch in respect of their real estate projects. planning, visualization and quality delivery.

The aggregate revenue of Xanadu Realty Limited for the last 3 financial years:

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