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Stocks in News Today

February 18, 2022

Wipro: Appoints head of iCORE business.

Ambuja Cements: Profit declines 55.5%, revenue increases 2.3%.

Hindustan Adhesives: Invested in rights issue of Bagla Tecvision. The company has made an investment of Rs 9.73 lakh by acquiring 97,380 shares in the right issue of Bagla Tecvision.

Lupin: Approval to new drug from USFDA.

Torrent Power: Rating upgrade. CRISIL has upgraded the long term credit rating of non-convertible debentures and long term bank facilities from ‘AA/Positive’ to ‘AA+/Stable’ based on continued strong profitability and sustained improvement in the leverage levels.

Texmaco Infrastructure & Holdings: Sale of equity shares by promoter.

Veritas India: Profit falls 40%, Revenue rises 9%.

Birla Corporation: Fund raising through NCDs. The company raised Rs 150 crore by approving the allotment of 1,500 non-convertible debentures of Rs 10 lakh each, on private placement basis.

GeeCee Ventures: CFO resigns.

Confidence Futuristic Energetech: Acquisition of stake. The company has acquired 50 percent stake in Maruti Koatsu Cylinders at Halol, Gujarat, which has an operational plant with an annual capacity to manufacture 1.8 lakh high pressure/CNG cylinders.

Prismx Global Ventures: Rights Issue Size. The company has fixed right issue size of Rs 48.83 crore.