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    Stocks in the news: SBI, ICICI Bank, Indian Cements, Route Mobile and Concor

    Synopsis

    State Bank of India, HDFC Bank and ICICI Bank acquired a 9.54 per cent stake each in Perfios Account Aggregation Services Private Limited. Banks acquired 8,05,520 equity shares each by paying Rs 4.03 crore each for the stakes.

    A man looks at a screen displaying budget news, on a facade of the Bombay Stock Exchange (BSE) building in MumbaiReuters
    Stocks in buzz: HDFC Bank, Godawari Power and Ispat, PTC India, Fino Payments Bank, Orient Bell, Shri Bajrang Alliance and more
    Nifty futures on the Singapore Exchange traded 171 points, or 1.08 per cent lower at 15,671, signaling that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today's trade:

    SBI, HDC Bank, ICICI Bank:
    State Bank of India (SBI), HDFC Bank and ICICI Bank acquired a 9.54 per cent stake each in Perfios Account Aggregation Services Private Limited (Perfios AA). These banks acquired 8,05,520 equity shares each by paying Rs 4.03 crore each for the stakes. The lenders bought the shares at a price of Rs 50 apiece.

    India Cements: The cement player said it has completed the acquisition of the entire paid-up equity and preference share capital of Springway Mining (SMPL). SMPL has become a wholly-owned subsidiary of our company with effect from June 27, 2022. SMPL is in the process of setting up a cement plant in Madhya Pradesh.

    Route Mobile: The telecom service provider said the board has approved the proposal of buyback of equity shares of the company up to Rs 120 crore at a price of up to Rs 1,700 per share. With this, the size of maximum buyback shares would be 7.05 lakh equity shares, which is 1.12 percent of paid-up equity.

    Jammu and Kashmir Bank:
    The state-owned lender said it will raise up to Rs 2,000 crore, through a mix of debt and equity, in the current fiscal year 2022-23. The board of directors of the bank, in its meeting held on June 28, approved the capital raise plan.

    Container Corporation of India:
    The state-run logistics solution provider is expected to see a robust volume pick-up, driven by the commissioning of the Dedicated Freight Corridor (DFC), a report said.

    Godawari Power & Ispat: The metal firm has acquired 37.79 lakh equity shares of Alok Ferro Alloys (AFAL) at a fair value comprising of 78.96 per cent of the paid-up capital of AFAL. AFAL is into ferro alloys with captive power generation, having operations in Raipur, Chhattisgarh only.

    PTC India: The power trading solution provider said it has completed a consulting assignment for HPCL for the latter's Visakh Refinery Modernization Project. HPCL intends to expand the refining capacity from 8.5 mmtpa to 15 mmtpa under the project.

    Fino Payments Bank: The private lender said the rising interest rate regime will not derail its current growth momentum and going forward, current and savings account (CASA) and cash management services (CMS) will be the dominant revenue streams for the new generation digital focused bank.

    Orient Bell: The tile maker announced on-time completion of two of projects involving capex of Rs 20 crore. GVT Tile plant capacity in Sikandrabad (UP) has increased by 0.7 million square metres (MSM) per annum and there was a conversion of Dora plant (Gujarat) from ceramic floor to vitrified floor.

    Shri Bajrang Alliance:
    The iron and steel products company has signed a contract with LULU Group International LLC, Abu Dhabi for supply of GOELD frozen food items in Middle East Markets (UAE, KSA etc.) and also through their Indian network.

    Hazoor Multi Projects:
    The real estate company has received work order from Nagpur Mumbai Super Communication Expressway Ltd for execution of change of scope work in district Ahmednagar of package-11 on EPC mode for Rs 14.11 crore.



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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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