After the fall in SGX Nifty50 Futures, Indian benchmark indices are seen opening lower on Friday. The futures contract was down 0.6 per cent at 16,415 as of 6:31 am. Stock market sell-offs fell slightly more than six-tenths of a per cent for the second straight session yesterday as oil prices hit nearly 10-year highs amid the Ukraine-Russia war. Banking & Financial, Auto and FMCG stocks dragged the market down. The BSE Sensex fell 366 points to 55,103, while the Nifty 50 fell 108 points to 16,498.
Indiabulls Housing Finance
Capital markets regulator SEBI informed the company about the non-compliance regarding availability of certain information on the company’s website and internal policy and directed the company to take corrective measures and inform the stock exchanges within a month.
wockhardt
The company will issue 3 rights shares for every 10 shares held. It will issue rights shares at Rs 225 per share. The rights issue will open on March 15 and close on March 22.
axis Bank
The lender has signed an agreement with development consulting group IPE Global to finance up to $150 million to health enterprises that would otherwise not have access to affordable debt financing.
sjvn
The state-owned hydel power generation company has achieved financial closure for its 210 MW Luhri-I Hydroelectric Project in Himachal Pradesh and 75 MW Parasaran Solar Power Project in Uttar Pradesh. State Bank of India will provide Rs 1,537 crore and Punjab National Bank, Dubai will provide Rs 319.04 crore for Luhri HEP and Parasaran projects respectively.
Gabriel India
HDFC Asset Management Company through its schemes acquired an additional 2.13 per cent stake through open market transactions on March 2. With this, its stake in the company now stands at 9.17 per cent as against 7.04 per cent.
Vodafone Idea
The telecom operator said the board has approved raising Rs 4,500 crore on a preferential basis through its promoters. It has decided to issue over 3383 crore equity shares to Euro Pacific Securities, Prime Metals and Oriana Investments Pvt Ltd at an issue price of Rs 13.30 per share. The company has also received board approval for raising additional funds of Rs 10,000 crore through this. Private placement or qualified institute placement.
Themis Medicare: The company has received approval from the Drug Controller General of India for its immunomodulatory antiviral drug Viralex. This drug will be used to treat COVID-19.
LT Foods
The consumer food company said that its subsidiary LT Foods American Inc. has acquired a 51 percent stake in Golden Star Trading Inc., along with its brand Golden Star. It also has a call option to buy the remaining 49 per cent stake at the end of three years.
Mahindra & Mahindra Financial Services
The firm has disbursed loans of around Rs 2,733 crore in February 2022, registering a year-on-year growth of 44 per cent. The year-on-year total disbursements stood at Rs 23,632 crore, which is 42 per cent higher than the corresponding period last year. Collection efficiency remained steady at 98 per cent for the month of February YoY. The asset quality has seen an improvement due to the positive trend in the collections. The company is confident of meeting its commitment to bring down the Net Stage 3 to below 4 per cent by the end of the year.
Vedanta
France-based financial services company Societe Generale sold 2,24,50,200 equity shares through open market transactions in a company owned by billionaire Anil Agarwal. These shares were sold at an average price of Rs 391.74.
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