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    Stocks in the news: PVR, Airtel, DLF, INOX Leisure, Voda Idea and Vedanta

    Synopsis

    Leading film exhibition players PVR and INOX Leisure announced a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens.

    Stocks in the news: RIL, Granules India, HDFC, SBI, Dodla Dairy and NMDCAgencies
    Stocks in buzz: GAIL, Coal India, Vedanta, Manappuram Finance, Aster DM, IndiaMart, Aavas Financiers, Fino Payments Bank and more
    Nifty futures on the Singapore Exchange traded 17.5 points, or 0.10 per cent lower at 17,173.50, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today's trade:

    GAIL India: The board of state gas utility player will on March 31 consider the buyback of shares - the second buyback in as many years. The nation's top gas transporter and distributor said its board of directors, at the meeting on March 31, will also consider and approve the financial results for the quarter and the entire fiscal.

    Coal India: An arm of state run coal miner- North Eastern Coalfields- resumed its mining operations at Tikak colliery in Assam, a statement said on Saturday. Mining operations at NEC were halted owing to non-availability of land for overburden dump and certain clearances.

    Bharti Airtel: The telecom major has entered into an agreement to acquire over 7 per cent stake in Avaada KNShorapur for Rs 1.74 crore as cash consideration, the telecom company said in a regulatory filing.

    Multiplex stocks: The leading film exhibition players PVR Ltd and INOX Leisure announced a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens. The boards of directors of the two companies at their meetings held on Sunday approved an all-stock amalgamation of INOX with PVR.

    DLF: The realty major will invest around Rs 2,000 crore to construct two new shopping malls in Gurugram and Goa, as it sees huge growth potential in organized retail with opening up of the economy after significant reduction in COVID-19 cases.

    Vodafone Idea: Shareholders of the company have approved a proposal to raise Rs 14,500 crore, the debt-ridden telecom operator said. Shareholders approved the proposal at the extraordinary general meeting.

    Vedanta: Billionaire Anil Agarwal's mining major said it will invest $1.5 billion across its oil and gas, zinc and steel businesses. Its board at a meeting on Friday approved USD 687 million capital spending for drilling of new wells at the firm's oil and gas unit, Cairn Oil & Gas.

    Adani Total Gas: The joint venture of Adani group and French energy giant TotalEnergies SE, has forayed into the electric mobility infrastructure sector by launching its first EV charging station in Ahmedabad. The charging station is located at ATGL's CNG station at Maninagar in of the city.

    Motherson Sumi Wiring India: The domestic wiring harness business of Motherson Sumi will be listing on Monday, March 28. The demerger was announced a couple of months ago and now this demerged entity will be listing.

    Emami: The home grown FMCG major said it has acquired the 'Dermicool' brand from the British multinational consumer goods company Reckitt for a total consideration of Rs 432 crore, expanding its play into the prickly heat and cool talc category.

    Manappuram Finance: The gold financier said its board has approved a proposal to raise up to Rs 7,800 crore in the next financial year. It said it proposed to list the bonds on BSE or NSE and the tenure of the instrument, date of allotment, maturity and coupon will be decided by the board at the time of allotment.

    Aster DM Healthcare: The healthcare major said it has earmarked Rs 500 crore investment to set up hospitals in Tamil Nadu and has signed a memorandum of understanding with the government in this connection.

    Indiamart Intermesh: The B2B e-commerce company said it plans to acquire 51 per cent stake in software-as-a-service firm Livekeeping for Rs 45.98 crore in an all-cash deal. The acquisition is in line with Indiamart's long-term objective of offering various software as a service based solutions for businesses.

    Aavas Financiers: The housing finance player said it has raised Rs 100 crore by issuing bonds to Kotak Mahindra Bank. The coupon on the bonds will be paid on a quarterly basis during tenure of issue. The bonds are set to mature on March 25, 2027 and bear floating rate linked to the repo rate.

    GR Infraprojects: The road and highway construction firm has emerged as L-1 bidder for road project comprising upgradation to four lane with paved shoulder of NH-341 from Bhimasar to Anjar - Bhuj in Gujarat on Hybrid Annuity Mode. The bid cost of the project is Rs 1,085 crore and the said project is going to be completed within 730 days.

    Fino Payments Bank: The Reserve Bank of India has granted approval for referring customers of the recently listed lenders to Finwizard Technology (FISDOM) for mutual fund distribution, and 5paisa Capital for demat & trading services under referral arrangement.

    Reliance Capital: Adani Finserve, ICICI Lombard, Tata AIG, HDFC Ergo, and Nippon Life Insurance are among the 54 prominent firms that have expressed interest to acquire debt-ridden firm, promoted by the Anil Ambani Group. The last date for submission of bids for the debt-ridden firm had been extended to March 25 by the RBI-appointed administrator.

    Dhanuka Agritech: The agro chemicals firm has signed an agreement with the Sri Karan Narendra Agriculture University, Jobner in Jaipur to conduct trials for new technologies and train farmers how to use drones.

    Kalyan Jewellers: The jewellery retailer strengthened its retail footprint with a new outlet inaugurated in neighbouring Chengalpet district, the company said. The retail store is the jewellers' 25th outlet in Tamil Nadu, 124th in the country and 154th store globally.

    Sagar Cements: The board of cement maker has approved the issuance of 1,32,07,548 equity shares to PI Opportunities Fund, an Premji Invest affiliate, the investment arm of Azim Premji, at an issue price of Rs 265 per share. The transaction will fetch Rs 350 crore, utilised towards meeting the organic and inorganic expansion plans.

    R Power, R Infra: Reliance Group Chairman Anil Ambani resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company.

    Vikas Ecotech: The specialty chemicals and polymer products maker is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to Covid-19 pandemic.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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