stock updates
Adani Enterprises
Adani ConneX’s Hyderabad site gets five-star grading from the British Safety Council.
IIFL Finance
The company approved raising up to Rs 1,500 crore via issue of shares and up to Rs 500 crore via NCDs on a private placement basis
Sanofi India
The Board has approved an exclusive distribution and promotion agreement between SIL and Emcure Pharmaceuticals Limited for SIL’s Cardiovascular products in India
Cyient Limited
The company has announced that it has signed a multiyear services agreement with Airbus for cabin and cargo engineering.
RVNL
RVNL-SALASAR JV has received Letter of Award from Madhya Pradesh Power Transmission Co Ltd for construction of 132 kV & 220 kV transmission lines and associated feeder bays on total turnkey basis in eastern MP”.
Federal bank
Pursuant to a letter from RBI, the bank has stopped issuance of new co-branded credit cards. The Bank is in the process of rectifying the areas that are deficient and will seek regulatory clearance prior to resumption of new issuance
Indian Hume Pipe
The company received orders worth Rs 230 crore from Telangana government for water supply and sewerage projects.
Bharat Forge
The company approved the fundraise of Rs 12.5 crore by way of the issuance of NCDs on a private placement basis and an unsecured loan up to Rs 37.5 crore
Tata Motors
The company signed an MoU with Tamil Nadu government to set-up vehicle manufacturing facility. This MoU requires investment of Rs 9,000 crore over 5-year period.
HAL
The Defence ministry signed two contracts with a combined value of Rs 8,073 crore with HAL for acquisition of 34 advanced light helicopters and associated equipment for the Indian Army and the Coast Guard
IFCI Limited
Board meeting to be held on March 19, 2024, to consider Preferential Issue of equity shares to the Government of India subject to the approval of Shareholders.
