Trending Stocks: Axis bank, Tata Motors, SBI, RBL and others in news today

Tata Motors 

The company received the first tranche of investment of Rs 3,750 crore from climate-focused private equity fund TPG Rise.

Nazara Technologies

Subsidiary Nazara Pte Ltd (Nazara Singapore) will invest $2.5 million in BITKRAFT Funds. Out of which $0.875 million will invest upfront while the balance investment amount of $1.625 million will be deployed over a period of three years.

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Tech Mahindra 

The company has launched the ‘Alliance for Skill & Capacity ENhancement with Technology (ASCENT), to support quality vocational training and enhance employability amongst youth in India. 

Tata Steel

Tata Steel transferred its entire stake in Tata Steel Special Economic Zone Limited to Tata Steel Utilities and Infrastructure Services for consideration other than cash. The company has executed an asset transfer agreement for the acquisition of itemised assets from Stork Ferro and Mineral Industries Private Limited to produce ferroalloys.

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Hindustan Unilever (HUL)

The company’s dapada factory in Dadra Nagar Haveli has become the first consumer goods factory in India to be recognised as an ‘Advanced 4th Industrial Revolution Lighthouse’.

ONGC 

The two-day offer for sale issue will close on March 31. The Government of India has decided to exercise the oversubscription option to the extent of additional 9.4 crore equity shares, in addition to 9.4 crore equity shares of the company. Accordingly, the total offer size for sale will be up to 18.8 crore shares or 1.5% of the total paid-up equity.

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State Bank of India (SBI) 

The bank has planned to buy out the entire stake of over 13% held by three other banking partners in SBI Global Factors (SBIGFL). The other three banking partners are SIDBI, Bank of Maharashtra and Union Bank of India.

Axis Bank 

The bank has acquired Citibank’s India consumer business from Citibank N.A. and the NBFC consumer business from Citicorp Finance (India), as going concerns, without values being assigned to individual assets and liabilities to either business. The bank has executed business transfer agreements with Citibank N.A. and Citicorp Finance (India) on March 30. The cost of acquisition is Rs 12,325 crore.

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PNB Housing Finance

PNB Housing Finance and Nabet India have joined hands to carry out a special women’s health and wellness initiative.

Mangalam Cement 

Promoter Vidula Consultancy Services acquired 2.26 lakh equity shares in the company via open market transactions. With this, its shareholding in the company stands at 9.92 %, up from 9.1% earlier.

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Dilip Buildcon 

The company has been declared as an L-1 bidder for a new HAM project under Maradgi S Andola to the Baswantpur section in the state of Karnataka. The order is worth Rs. 1589.00 crore.

Godrej Properties 

The real estate developer has acquired a nine-acre land parcel in the residential micro-market of Pimpri-Chinchwad in Pune. The development will primarily be for a group housing project.

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IDBI Bank

The bank’s board of directors has approved the rupee bond borrowing limit of Rs 8,000 crore for the next fiscal year (FY23) beginning April 1.

Quess Corp 

The board has approved the transfer of digital business undertaking of the company comprising Qjobs, Worq, and Dash as a going concern on a slump sale basis to the company’s subsidiary Billion Careers Private Limited (BCPL), for Rs 5.04 crore. The company has signed the First Addendum Agreement with Stellarslog Technovation (Taskmo), Naveen Ramachandra and Prashant Janadri (Founders), under which it will make an additional investment of Rs 3.84 crore. The board also approved the re-designation of Executive Chairman Ajit Isaac to Non-Executive Chairman (Non-Executive Director) with effect from April 2022.

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RBL Bank Limited

Nippon India Mutual Fund sold 51,02,574 shares of RBL Bank Limited at Rs 129.03 per share on NSE.