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Stocks in news today

March 3, 2023

Adani Enterprises: Promoter on Thursday announced that GQG Partners, US-based global equity Investment boutique, has completed Rs 15,446 crore or $1.87 billion investment in a portfolio of Adani companies.

The promoter’s S.B. Adani Family Trust sold stocks in group companies via multiple block deals on Thursday. The investments were made in Adani Ports and Special Economic Zone Ltd, Adani Green Energy Ltd, Adani Transmission Ltd and Adani Enterprises Ltd.

HDFC Bank: Company has completed the issuance of $750 million 5.686 percent senior unsecured US Dollar bonds under the $3 billion medium-term note program to overseas investors. These notes will be listed on the India International Exchange and NSE IFSC Ltd.

Tata Power: Company on Thursday announced that it has entered into a partnership with an Italian green energy company, Enel Group, for implementing 2 key pilot projects through Tata Power’s Delhi-based distribution business.

This partnership will help speed up private sector participation in the digital transformation of power distribution grids in India, the organizations said in a joint statement.

Pidilite: Company on Thursday announced that it will be manufacturing Germany-based Jowat’s range of hot melts in India. The product will be manufactured in Pidilite’s manufacturing facility in Vapi, Gujarat. The adhesive will be made under the brand name of ‘Fevicol Jowat’.

HPCL: Company on Thursday said that it has raised Rs 1,650 crore on a private placement basis for funding of refinancing of existing borrowings and funding of capital expenditure.

Mahindra and Mahindra Finance: The company on Thursday issued a statement which said that its total disbursement for February 2023 has grown by 53 percent on a YoY basis to Rs 4,185 crore. The NBFC’s loan book also grew of 1.5 percent on an Month-on- Month basis, it said.

Happiest Mind Technologies: Company’s board has approved the fund raising of Rs 125 crore via issue of 12,500 non-convertible debentures on private placement basis in domestic market in three tranches. The funds will be utilised for general corporate purposes