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Stocks in News Today

March 29, 2022

HCL Technologies: The IT services major said it has been selected to provide global service desk and on-site support to global healthcare company Novo Nordisk.

Power Grid Corporation: The state run utility player approved an investment worth Rs 821.3 crore in five projects.

Indiabulls Housing Finance: The second-largest mortgage lender is planning to raise Rs 50,000 crore next fiscal to fund its expected 15-20 per cent loan growth which will take its balance sheet near to the pre-pandemic peak when it had crossed the Rs 1-lakh-crore mark.

Aurobindo Pharma: The global pharmaceutical company said it has acquired the domestic formulation business of Veritaz Healthcare on a slump sale basis. According to the company, the transaction is agreed at a consideration of Rs 171 crore on a debt-free cash-free basis.

Mahindra & Mahindra Financial Services: The leading NBFC said it has raised over Rs 255 crore by issuing bonds on private placement basis. The board approved the allotment of 2,500 secured redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each.

Tata Power: The Tata Group’s utility player and Rustomjee Group have collaborated to set up electric vehicle charging infrastructure at the commercial and residential projects of the latter across Mumbai metropolitan region.

Zensar Technologies: The leading engineering and technology solutions player announced the opening of its global delivery centre in Kolkata, India.

Sudarshan Chemical Industries: The chemical manufacturer said its board has approved a proposal to raise up to Rs 200 crore through issue of debentures.

GR Infraprojects: The recently listed road and highway construction firm has been awarded two projects in the state of Maharashtra aggregating to Rs 1,744 crore. The projects will be operated for 15 years from the date of commercial operations.

Somany Ceramics: The board of tile makerapproved an investment of up to Rs 9.50 crore in the company’s subsidiary SR Continental by way of subscription of equity shares.