Stocks in the news: NPTC, Airtel, UPL, Asian Paints, and Yes Bank
NTPC: The state-owned utility firm will begin commercial operations of its 15 MW solar capacity at Kawas Solar Project in Gujarat. The capacity is part of the 56 MW Kawas Solar Project located in Kawas near Surat district of the state.
Bharti : The leading telecom player announced Xstream multiplex, which the telco said is India’s first multiplex in the metaverse. The Xstream multiplex is an extension of Airtel’s Xstream Premium offering, which recently achieved a two million subscriber milestone within 100 days of its launch.
Asian Paints: The leading paint company acquired a 51 per cent stake in Weatherseal Fenestration for Rs 18.84 crore. Weatherseal Fenestration is now a subsidiary of the company.
UPL: The agrochemical major said it has signed an agreement with Shreenath Mhaskoba Sugar Mill in Pune for sustainable sugarcane production in Maharashtra. This memorandum of understanding (MoU) will address farmers’ concerns and create the category of sustainable sugar by ensuring optimised usage of natural resources.
Shriram City Union Finance: The leading NBFC said it will raise up to Rs 300 crore by issuing debt securities on a private placement basis. The company’s committee at its meeting held on June 14 has approved issuance of principal-protected market-linked non-convertible debentures (for an amount of Rs 50 crore with a green shoe option up to Rs 250 crore.
IDBI Bank: The run lender said it has raised interest rates by up to 25 basis points (bps) on retail term deposits of less than Rs 2 crore. The revised rates would be applicable across various tenors for domestic term deposits, non-resident ordinary (NRO) and non-resident external (NRE) term deposits, effective June 15.
Yes Bank: Yes Securities, a wholly owned subsidiary of the lender said it is bullish about expanding footprint in more cities of West Bengal, and does not foresee any adverse impact on retail investors’ interest in the stock market, despite a sharp correction and high volatility. It said it is aiming at doubling its physical stock dealing branches to 24.
IIFL Wealth Management: Competition Commission of India approved the acquisition of the stake in
by BC Asia Investments X. The proposed combination involves the acquisition of up to 24.98 per cent shareholding of IIFLWM by BC Asia Investments X.
PNB Housing Finance: The NBFC said its board has approved raising up to Rs 2,000 crore by issuing bonds on a private placement basis. The housing finance company, promoted by
, was looking to raise equity capital worth Rs 4,000 crore and struck a deal with joint-venture partner Carlyle Group, among other investors, in May last year.
Engineers India: Nayveli Lignite Corporation has appointed
as a project management consultant for its 1,200 TPD lignite to methanol project. This landmark project is expected to be commissioned in 2027.
Dev Information Technology: The company has bagged orders worth Rs 2.52 crore for an online integrated portal for farmers (RajKisan Saathi) comprising services related to agriculture, horticulture, seed certification, seed corporation, and agriculture marketing.
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