*Stocks in News*
PNB Housing Finance: The housing finance company has approved fundraising of up to Rs 2,500 crore through a rights issue.
Biocon: CRISIL has placed its 'AA+' rating on the long-term bank facilities of the company on 'Watch with Developing Implications', after the acquisition of biosimilar assets of US-based Viatris Inc by its subsidiary Biocon Biologics for $3.33 billion. The rating on the short term bank facilities has been reaffirmed at 'A1+'.
Gufic Biosciences: The company entered the cancer immunology segment by undertaking research collaboration with Australia-based biotechnology company Selvax Pty Ltd.
NTPC: The state-owned power generation company said 660 MW unit-3 of its subsidiary Nabinagar Power Generating Company has successfully completed trial operation. And consequently the same has been included in the installed capacity of NTPC Group. With this, the total installed capacity of Nabinagar Power Generating Company and NTPC group has become 1,980 MW and 68,567.18 MW, respectively.
Arvind: The company said its operations have fully resumed at the Ankur unit. Operations at the Ankur unit had been disrupted due to disconnection of the effluent discharge connection. As a result, its revenue and EBIDTA have been reduced by approximately Rs 40 crore and Rs 10 crore respectively. The unit had contributed 5 percent of the consolidated revenue and 6 percent of the consolidated EBIDTA of the company for FY21.
Bharti Airtel: The telecom operator has entered into an agreement to acquire a 9 percent equity stake in Avaada CleanTN Project Private Limited, a special purpose vehicle. This SPV is formed for owning and operating the captive power plant.