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Stocks in News

July 6, 2022

Tata Steel has acquired a 93.71% stake in Neelachal lspat Nigam through its step-down subsidiary Tata Steel Long Products.

Vedanta Z mined metal production increased 14% year on year in the April-June quarter.

HDFC: The mortgage lender has partnered with software firm Salesforce to support the company’s growth priorities.

Tata Motors: The Bombay high court on Tuesday upheld Brihanmumbai Electric Supply & Transport (BEST) undertaking’s decision to disqualify Tata Motors’ bid from supplying electric buses worth Rs 2,450 crore.

Adani Ports will seek shareholders’ nod this month for the reappointment of Gautam S Adani as its Managing Director.

Yes Bank: The private lender said its loans and advances increased by 14 per cent to Rs 1,86,598 crore at the end of June 2022 from Rs 1,63,654 crore at end-June 2021.

Biocon subsidiary Biocon Biologics has received the EU GMP certificate from the Health Products Regulatory Authority (HPRA), Ireland, for its new monoclonal antibodies (mAbs) drug substance manufacturing facility (B3) at Biocon Park, Bengaluru.

Tejas Networks: The company has acquired 60,81,946 equity shares or 62.65% stake in Saankhya at a price of Rs 454.19 per equity share. The transaction cost is Rs 276.24 crore.

KPI Green Energy: The renewable energy company has received the biggest order for executing solar power project of 23.60 MWdc capacity from Nouveau Jewellery LLP and 3 MWdc capacity from Nouveau Diamonds Manufacturing India LLP.

Westlife Development: ICICI Prudential Life Insurance Company has sold 2.02% of its stake in the Indian fast food restaurant holding company, bringing the its shareholding down to 5.13% from from 7.15%.