Stocks to watch: HDFC Bank, Indigo, NTPC, Tata Power, Samardhan Motherson

HDFC bankPrivate sector lender HDFC Bank on Thursday said it has raised 3,000 crore from bonds to fund business growth. HDFC Bank said in a regulatory filing that the bank on Thursday issued and allotted bonds to investors on a private placement basis. It added that these unsecured, subordinated, fully paid, non-convertible, Basel III compliant permanent loans will carry a coupon rate of 7.84%.

InterGlobe AviationIndiGo Airlines co-promoter Rakesh Gangwal and his wife on Thursday divested 2.74% stake in parent company InterGlobe Aviation. 2,005 crore through open market transactions. Gangwal had resigned from the company’s board in February 2022, saying he would gradually reduce his equity stake over the next five years. Gangwal co-founded low-cost carrier Indigo Airlines with Rahul Bhatia.

NTPCAccording to reports, NTPC has tied up with the armed forces for the supply of renewable energy power. This is the first agreement by the Indian Armed Forces to buy power from renewable energy sources, the report said.

Tata PowerTata Power Renewable Energy Ltd, a unit of Tata Power, on Thursday said it will set up a 100 MW solar power plant for Viraj Profile in Maharashtra. Viraj Profiles Private Limited (VPPL) is a Stainless Steel manufacturer, which owns and operates a plant located at Tarapur, Nandgaon. Tata Power Renewable Energy Limited (TPREL) said in a statement, “It has collaborated with VPL to set up a 100 MW captive solar plant. The plant is expected to generate about 200 MU of energy and offset approximately 170.43 million kg of CO2 annually. are supposed to. .

Coal IndiaCoal India on Thursday informed investors that raising coal prices is difficult in the current context when the economy is battling high inflation. The miners were seeking to raise prices to offset the high input costs caused by high diesel and explosive prices. Coal India has not raised prices in the last four years.

Reliance Power: Reliance Power (RPower) board has approved the proposal to increase 933 crore by way of issue of equity shares to VFSI Holdings. The Board, in its meeting held on 8th September, 2022, has approved the proposal of VFSI Holdings Pte Ltd., a Foreign Investor (Investor) to issue 60 crore equity shares and/or warrants convertible into equity shares at an issue price. of 15.55 per share and/or warrant, in aggregate 933 crore as per BSE filing.

stud mothersonAuto parts maker Promotion Motherson International Ltd on Thursday said it will acquire Daimler India Commercial Vehicles (DICV) frame manufacturing and assembly operation facilities in Chennai. Samvardhan Motherson International Limited (SAMIL) in a regulatory filing said that the company has signed a strategic agreement with DICV, which includes a long-term deal with DICV for supply of complete frame assemblies as a part of the transaction .

Vodafone IdeaGovernment will acquire stake in debt-ridden Vodafone Idea after the company’s share price stabilizes 10 or more as per an official source. Vodafone Idea (VIL) board has offered stake at par to the government 10 per share. Government will acquire stake in debt-ridden Vodafone Idea after the company’s share price stabilizes 10 or more as per an official source.

KRBLGovernment has imposed 20 per cent export duty on non-basmati rice, excluding rice, to boost domestic supply amid fall in paddy area in the current kharif season. According to a notification by the Revenue Department, an export duty of 20% has been imposed on ‘rice in husk (paddy or raw)’ and ‘rice in husk (brown)’. KRBL is a rice processing and exporting company and the world’s largest rice miller.

PNC InfratechPNC Infratech signed an agreement for a Hybrid Annuity Model (HAM) project, priced at Rs. As per reports, 1,458 crore with the National Highways Authority of India (#NHAI). On announcement of due date, the project is to be constructed within 24 months and to be operated for 15 years after construction.

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