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Stocks in News Today

March 9, 2023

Adani Enterprises –
Company’s promoter has created a pledge of 0.76% and 0.99% pledge of Adani transmission and Adani green energy respectively. Pledge has been created in favour of SBICAP trustee. Pledge was made on March 6th.

State Bank of India –
Bank has raised Rs 3,717 crore through additional tier-1 bond issuance. The proceeds of this will be utilised in augmenting additional tier-1 capital, overall capital base of the bank and strengthen capital adequacy.

Shriram Finance –
Smallcap World Fund Inc. acquired the company’s shares worth 2.03 million in a block deal on Wednesday. New World Fund Inc. also acquired 5.07 million shares.

Bharat Forge –
Company has announced an e-bike manufacturing facility at MIDC Chakan. The manufacturing will be done. through its wholly-owned subsidiary Kalyani Powertrain.

Jindal Stainless-
iShares Core MSCI Emerging Markets ETF has bought 33.69 lakh equity shares amounting to 0.64% stake in the company through open market transactions, at an average price of Rs 309.42 per share. The shares are worth Rs 104.3 crore.

Shoppers Stop –
Shiseido Asia Pacific Pte Ltd has signed a strategic distribution partnership agreement with Global SS Beauty Brands, a subsidiary of Shoppers Stop, to expand its brand footprint in India.

Sovereign Gold Bonds –
Series 4 Sovereign gold bond opened for subscription on 6th March, with ant annual interest payment of 3.50%. Per unit cost of the bond is Rs 5,561. 10th March is the last date to apply for the issue.