STOCKS IN ACTION 1 APRIL HDFC Bank: The lender plans to sell | Stock Market News🇮🇳
STOCKS IN ACTION 1 APRIL
HDFC Bank: The lender plans to sell its 100% stake in HDFC Education and Development Services through the Swiss challenge method. After the Swiss challenge process is over, the bank will decide on the purchaser.
Bank stocks: The RBI authorised 11 banks to import both gold and silver in FY25 from April 1.
Axis Bank, HDFC Bank, SBI, Karur Vysya Bank are among eligible buyers for gold and silver and Indian Overseas Bank, PNB and Union Bank of India can buy only gold.
NTPC: The company has discontinued operations of 2x110 MW Barauni Thermal Power Station
Stage-I permanently.
JSW Steel: Unit JSW Vijayanagar Metallics commissioned 5 MTPA capacity hot strip mill at its
Vijayanagar plant.
Muthoot Microfin: The company has raised $75 million via external commercial borrowings, to be utilized for on-lending and financing of eligible social loans.
Bank of India: The lender received a tax demand of Rs 564.4 crore from income tax department for AY18-19.
Punjab National Bank: The board approved raising capital up to Rs 10,000 crore via compliant bonds, in one or more tranches during FY25.
JM Financial: Atul Mehra ceases to hold office as Joint MD effective March 28 and Adi Patel redesignated as MD from Joint MD effective April 1.
Strides Pharma: The corporate insolvency resolution process against unit Strides Alathur has been stayed by the NCLT.
Shriram Finance: The company approved and allotted NCDs on private placement basis. The issue size is Rs 733 crore with a greenshoe option of Rs 617 crore.
Aurobindo Pharma: Unit CuraTeQ Biologics signed an agreement with Merck Sharpe & Dohme
Singapore Trading for contract manufacturing operations.
Rail Vikas Nigam: The company emerged as the lowest bidder for a Rs 148 crore order from railways for upgradation of electric traction system.
Torrent Power: The company has received letter of award from its distribution unit for setting up
150 MW grid-connected wind solar hybrid project with a cost of Rs 1,825 crore.
Asian Paints: The board approved investment of Rs 200 crore in unit Asian Paints International.
Macrotech Developers: The company will acquire 50% stake in Siddhivinayak Realties under.
Canara Bank: The bank will dilute 13% stake in Canara Robeco AMC by IPO, subject to regulatory approvals.
Reliance Infra: The company entered into agreements with Rosa Power Supply and Tato Hydro Power for availing secured borrowings in one or more tranches via inter corporate deposits of R
425 crore.
Honasa Consumer: The company announced its latest venture, Staze, a revolutionary colour cosmetic line designed to redefine beauty routines and an addition to its portfolio.
Chennai Petroleum Corp: The company revised cost of Cauvery Basin Refinery & Petrochemicals project to Rs 33,023 crore from Rs 29,361 crore. The board also revised JV's capital structure, with 75% equity from IndianOil and 25% from the company.
