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Stocks in News Today

March 22, 2022

Wipro: Wipro board to meet on March 25. The board will consider the declaration of interim dividend for the financial year ending 2021-22.

Larsen & Toubro: L&T board to meet on March 24 for fund raising. The board will seek approval for raising funds, including through issue of debt securities, as part of the company’s refinancing program.

NHPC: LIC sold 2.03% stake in NHPC via open market transactions. With this, LIC’s stake in the power generation company stands at 7.23 percent, down from 9.26 percent earlier.

REC: REC board approves borrowing programme. The company approved the market borrowing programme of Rs 85,000 crore under different debt segments for the financial year 2022-23.

Godawari Power & Ispat: Godawari Power in pact with Hira Infra Tek. The company has signed a Share Purchase Agreement with Hira infra-Tek (HITL) to acquire 44,54,621 equity shares of Hira Ferro Alloys (HFAL) from HITL at a price of Rs 224 per share. With this, its stake in HFAL will be increased from 56.45 percent to 75.66 percent.

Emami: Emami closes buyback plan. The company closed its buyback plan. It has bought back a total of 33,63,740 equity shares and invested Rs 161.21 crore, which represents 99.52 percent of the maximum buyback size.

Deepak Nitrite: ICRA upgrades Deepak Nitrite rating. ICRA has upgraded long term rating from ‘AA-‘ to ‘AA’, and re-affirmed short term rating at ‘A1+’ for Rs 756.27 crore bank facilities of Deepak Phenolics, a wholly owned subsidiary of the company.

Zomato: Zomato has announced a 10-minute food delivery service called Instant which will take off at Gurgaon from April.

Kohinoor Foods: Kohinoor Foods board to meet on March 24. The board on March 24 will consider the sale of the factory unit of the company at Murthal, Sonepat (Haryana), by way of slump sale.

Dhampur Sugar Mills: Dhampur Sugar Mills declares dividend. The board has declared an interim dividend of Rs 6.00 per equity share for the financial year 2021-22.

Gulshan Polyols: Gulshan Polyols launches QIP. The company launched qualified institutions placement issue on March 21. The floor price has been fixed at Rs 343.66 per share for the issue.