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Stocks in News: IPO Debuts, Deals, Results and Buyback

Several companies had important announcements that could affect their stock prices.

Symbiotec Pharmalab, Skyways Air Services and Hy-Tech Engineers are expected to begin trading after successful IPOs.

Their IPOs were subscribed many times over by investors.

Epsilon Bidco may sell a large part of its stake in EPL.

GRT Jewellers has agreed to buy most of the promoter stake in TBZ and may make an offer for more shares.

Happiest Minds promoters agreed to sell a significant stake to ITC Infotech.

Kotak Mahindra Bank has suggested two internal candidates to replace its chief executive next year.

Milky Mist and LEAP India reported strong year-on-year profit growth.

PVR Inox also approved a plan to buy back shares from investors.

Key facts

IPO debuts: Symbiotec Pharmalab, Skyways Air Services and Hy-Tech Engineers are scheduled to list on September 1.
Symbiotec Pharmalab IPO: Raised Rs 1,757 crore at Rs 988 per share; the issue was subscribed more than 75 times.
Skyways Air Services IPO: Raised Rs 583 crore at Rs 138 per share; overall subscription was nearly 71.25 times.
Hy-Tech Engineers IPO: Raised Rs 136 crore at Rs 53 per share; the issue was subscribed 247.39 times.
TBZ transaction: GRT Jewellers India agreed to acquire a 74.12% promoter stake for up to Rs 1,033.71 crore and launch an open offer for about 26%.
PVR Inox buyback: The board approved a buyback of up to 20.69 lakh shares for Rs 300 crore at Rs 1,450 per share.
E2E Networks agreement: A binding term sheet for NVIDIA Blackwell cloud GPUs and related services has an approximate Rs 1,000 crore contract value through June 2029.

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