Stocks in the news
Power Grid Corporation of India and REC: Power Grid acquired Ramgarh New Transmission (RNTL), the project SPV to establish Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II - Part A, on build, own, operate and maintain (BOOM) basis from the bid process coordinator - REC Power Distribution Company.
Max Healthcare Institute: The company closed its QIP issue and finalised issue price at Rs 195.40 per share.
AU Small Finance Bank: The bank launched its qualified institutional placement (QIP) issue on March 9 and fixed the floor price at Rs 1,181.06 per share.
Puravankara: Puravankara re-entered in Mumbai with the launch of its first ultra-luxury project, 'Purva Clermont'. The company has invested almost Rs 450 crore with an expected topline revenue of Rs 800 crore.
Bharat Forge: The company has made further investment of Rs 4 crore in its associate company - Aeron Systems by way of purchasing 39,000 equity shares of face value Rs 10 each at a premium of Rs 1,015.64 in accordance with the terms of Shareholders Agreement with Aeron and its founders. Consequently, the company's stake in Aeron has been increased from 26 percent to 36 percent (fully diluted).
Godrej Properties: The company launched its QIP issue on March 9 and fixed floor price at Rs 1,513.39 per share.