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Stocks in Focus: Sun Pharma, Maruti Suzuki India, Swan Energy, and Others

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The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.24% higher by 55.50 points at 23,592, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday.

On Monday, 24 June, Domestic benchmark indices S&P BSE Sensex gained 131.18 points, or 0.17%, to end at 77,341.08 while the Nifty50 traded 36.75 points or 0.16% up and settled at 23,537.85.

Here are some stocks that are likely to remain in focus on 25 June.

Sun Pharmaceutical: The company has successfully completed the merger between Taro Pharmaceutical Industries and its subsidiary. As part of this merger, the company acquired all outstanding shares of Taro. 

Maruti Suzuki India: The company has received a show cause notice worth Rs 5.4 crore from the Good and Services Tax Authority in Gujarat for a period from July 2017 to March 2023 for alleged input tax credit denial on certain services. 

Swan Energy: The company has announced its plans to acquire a 49% stake in Triumph Offshore Private Ltd from Indian Farmers Fertiliser Cooperative Ltd for a total consideration of Rs 440 crore. The company will acquire  26,21,50,000 equity shares of Rs 10 each in TOPL. 

Shalby: The hospital chain announced that they have terminated its franchise agreement with Madhuban Orthopaedic and Multispecialty Surgical Hospital Private Ltd in Udaipur for breach of various terms and conditions by the franchisee.

Craftsman Automation: The company has signed a memorandum of understanding with Sunbeam Lightweighting Solutions Private Ltd and Kedaara Capital Fund II LLP. This MoU highlights the company’s intent to acquire all or part of Sunbeam’s business in one or more tranches. 

Krishna Institute of Medical Sciences (KIMS) Ltd: The Board of Directors of the company are set to meet on 28 June to consider the sub-division of its equity shares. 

Amra Raja: The company’s wholly-owned subsidiary of the company, Amara Raja Advanced Cell Technologies Private Ltd, has signed a licensing agreement with GIB EnergyX Slovakia s.r.o., which is a subsidiary of Gotion High-Tech Co Ltd.

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