Trending Stocks: Future Retail, Airtel, Hinduja, Hindalco and others in news today

Future Retail Limited | RIL

The company has suspended most of its online and offline operations as stores remained closed on Sunday after rival Reliance offered to take over its flagship supermarkets for missed lease payments

Mahindra Lifespace Developers

Kotak Mahindra Mutual Fund bought additional 2.19 lakh equity shares via open market transactions on February 23. With this, its shareholding in the company stands at 5.13 % now, up from 4.98% earlier. The stock gained 3 % on Friday to close at Rs 292.

Zuari Agro Chemicals 

The company has raised Rs 90 crore through senior, secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) denominated in Indian Rupees and allotted 900 NCDs having a face value of Rs 10 lakh on a Private Placement basis. 

Rain Industries 

The company posted a loss of Rs 72.3 crore for the quarter ended December 2021 against a profit of Rs 322 crore in the year-ago period, as there was an abnormal fall in the net realisable value of inventories after a change in the macro-economic conditions like the effect of COVID-19 and fall in crude oil prices. However, revenue grew sharply by 52 % year-on-year to Rs 4,026 crore in Q4CY21.

Om Infra 

The company has agreed to acquire 100% shareholding in Plantx Natural by way of the acquisition of Equity Shares, thereby making it a wholly-owned subsidiary of Om Infra.

Bharti Airtel

The company is going to buy a 4.7 % stake in Indus Towers, from Vodafone. It has entered into an agreement with Euro Pacific Securities Ltd, an affiliate of Vodafone Group Plc for the acquisition of a stake in the tower infrastructure company.

Vodafone Idea 

The company is planning to raise funds in one or more tranches by way of preferential allotment, private placement, including a qualified institutions placement or through any other permissible mode and/or a combination thereof as may be considered appropriate, by way of issue of equity shares or by way of issue of any instruments or securities including securities convertible into equity shares, Global Depository Receipts, American Depository Receipts or bonds including foreign currency convertible bonds, convertible debentures, share warrants, and/or nonconvertible debentures including non-convertible debentures along with warrants, which may or may not be listed. A meeting of the Board of Directors of the Company is scheduled to be held on March 3, 2022, interalia, to consider and approve the same.

Hindalco Industries

The aluminium major has entered into a share purchase agreement with Brazilian firm Terrabel Empreedimentos Ltda, to divest entire equity shareholding in Hindalco Do Brazil Industria Comercia de Alumina LTDA (HDB), the wholly-owned step down subsidiary.

Shriram Transport Finance 

The company has raised Rs 900 crore through senior secured rated, listed, redeemable, Non-convertible debentures (NCD) and allotted 8.56% p.a., 9000 NCDs having a face value of Rs 10 lakh. 100% of the proceeds of the Issue shall be utilised towards Onward Lending and/or Refinancing existing debt and/or General Corporate Purpose.

Fortis Healthcare 

Rating agency CRISIL has upgraded long term rating to ‘AA-, from ‘A+’ for the private hospital’s chain, and placed the rating on watch with developing implications. Further, the short-term rating has been upgraded to A1+, from ‘A1’ and placed the rating on watch with developing implications.

Hinduja Global Solutions 

Subsidiary HGS International Mauritius has completed the acquisition of the Australian company Diversify. In January, its arm entered into a definitive agreement to acquire a 100% equity stake in Diversify Offshore Staffing Solutions Pty Ltd, Australia.

SJVN

The government has granted in-principle approval for the development of a 400MW solar park at Kinnaur, to SJVN. These projects will assist SJVN in achieving its ambitious shared vision of 5000 MW by 2023, 25000 MW by 2030 and 50000 MW by 2040.