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Stocks in News Today

March 4, 2022

Vodafone Idea | The board of directors of the telecom operator has approved fund raising of Rs 4,500 crore on a preferential basis, through its promoters.

Wockhardt | The rights issue of Rs 748 crore will open for subscription by shareholders on March 15 and the issue closing date will be March 22.

LT Foods | The consumer food company said its subsidiary LT Foods Americans Inc acquired 51 percent stake in Golden Star Trading Inc along with its brand Golden Star.

Stove Kraft | Sequoia Capital-owned SCI Growth Investments II sold 24,69,853 equity shares in Kitchen appliances manufacturer via open market transactions at an average price of Rs 645.35 per share.

Gabriel India | HDFC Asset Management Company through its schemes acquired an additional 2.13 percent stake via open market transactions on March 2.

IndiaMART InterMESH | The company has entered into an agreement to make an investment in Zimyo Consulting against 10 percent of the share capital.

Mahindra & Mahindra Financial Services | The firm has disbursed approximately Rs 2,733 crore of loans in February 2022, registering a 44 percent YoY growth.

L&T Technology Services: The engineering services arm of infrastructure major L&T, said it has won a multi-year contract from leading aircraft manufacturer Airbus.

Indian Energy Exchange: The energy bourse said it achieved 29 per cent volume growth across all market segments during February.

Indian Hotels Company: The Tata Groups hotel chain announced the opening of Vivanta Navi Mumbai in Turbhe. With the addition of this hotel, IHCL will have 12 hotels in Mumbai Metropolitan Region (MMR), including the three under development.