Arvind SmartSpaces: Arvind SmartSpaces to consolidate partnership interest in Ahmedabad East Infrastructure LLP. The company said the board of directors has approved consolidation of the partnership interest of the company in Ahmedabad East Infrastructure LLP (AEI LLP) from 51.43% to 55.24% and profit sharing in AEI LLP from 94.25% to 98.00% upon acquisition of entire partnership interest of Arvind Infrabuild LLP (AILLP) in AILLP.
Wardwizard Innovations & Mobility: Wardwizard Innovations & Mobility CFO resigns. Sneha Harshavardhan Shouche has tendered her resignation from the post of Chief Financial Officer of the company. The company has accepted her resignation and she will cease to be the CFO with effect from October 7.
Global research and broking firm Morgan Stanley has maintained its 'underweight' call on the stock with a target of Rs 1,937 per share. It feels that rising sales incentives are likely to offset commodity-led gains. "The company is set for an EV launch but based on prior experience, we expect slow volume ramp up. Limited margin upside and market share pressures keep us underweight," it said.
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