Bharti Airtel

Bharti Airtel on Thursday said it has conducted India’s first 5G trial in the 700 MHz spectrum band in partnership with Nokia. The demonstration, which was conducted on the outskirts of Kolkata, also marked the first 5G trial in eastern India, the company said in a statement.

Also Read| Trade Setup: Top 15 things to know before market opens on November 26, 2021

Fitch Ratings has affirmed Bharti Airtel’s long-term foreign currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-‘. The outlook on the IDR is Negative, Fitch Ratings said in a statement. Fitch has also affirmed Bharti Airtel International (Netherlands) BV’s senior unsecured guaranteed bonds at ‘BBB-‘ and Network i2i Limited’s subordinated perpetual bond at ‘BB’.

Also  Read| Stocks that should be on your watchlist on Friday, November 26, 2021

Tarsons Products 

The company will make its debut on the bourses on November 26. The issue price has been fixed at Rs 662 per share.

Aurobindo Pharma

Life Insurance Corporation of India bought 79,000 equity shares in the company via an open market transaction on November 24, increasing shareholding to 5.01 percent from 4.99 percent earlier.

Also Read| Bulk deal: PNB sells stake in GTL, Lodha Chanchal Devi buys Aro Granite shares

Visagar Financial Services

The board has approved sub-division of the face value of equity shares from Rs 2 to Re 1, and the issue of bonus equity shares of Re 1 each in the ratio of 1 share of Re 1 each for every 2 shares of Re 1 each held by members.

Also Read| DII & FII data: FII offloaded shares worth 2,300 crore on NSE

Indiabulls Housing Finance 

BNP Paribas Arbitrage sold 23,59,500 equity shares in the company at Rs 221.75 per share and Societe Generale offloaded 27,40,400 equity shares in the company at Rs 221.34 per share on the NSE, the bulk deals data showed.

Kirloskar Pneumatic 

HDFC Asset Management Company sold 16.58 lakh equity shares in the company via an open market transaction on November 23, reducing shareholding to 3.62 percent from 6.19 percent earlier.

HDFC

Housing Development Finance Corporation (HDFC) Ltd on Thursday said it will raise up to Rs 10,000 crore by issuing bonds on a private placement basis to augment its long-term capital.

Kirloskar Ferrous Industries 

The company has agreed to acquire a majority stake in ISMT by subscribing to equity shares of ISMT through preferential allotment and sole control over the ISMT.

Engineers India 

The company and Chempolis OY, Finland have signed a strategic alliance for the conversion of biomass to green fuels.

UltraTech

UltraTech Cement has won the Federation of Indian Chambers of Commerce and Industry’s (FICCI’s) Indian Circular Economy Award (ICEA), 2021. The company has been declared as a joint winner in the large enterprise category.