In News

Stocks in the news

Indian Overseas Bank: The PSU bank in its BSE filing said it had received a capital infusion of Rs 4,100 crore from Government of India towards contribution of Central Government in the preferential allotment of equity shares of the bank during the Financial Year 2020-21, as government's Investment.

Central Bank of India: The PSU bank had entered into a binding agreement to divest its entire equity stake in Cent Bank Home Finance to Centrum Housing Finance in December 2020. The long stop date for the same share purchase agreement being March 31, 2021 has been lapsed. Therefore the said binding agreement stand rescinded with effect from April 1, 2021, said the bank in its BSE filing.

Sunteck Realty: Mumbai-based property developer Sunteck Realty has secured around 7 acre land parcel at Borivali (West). The company will develop a luxury residential project and JLL India was the exclusive transaction partner for the joint venture, said Sunteck in its BSE filing, adding it is expected to generate a project topline of around Rs 1,750 crore over the next 4-5 years.

NHPC: The power company in its BSE filing said it had completed the formalities for takeover of Rangit Stage-IV HE Project (120 MW) by remitting Rs 165 crore to Jalpower Corporation (JPCL) for distribution to the creditors. JPCL is now a wholly owned subsidiary company of NHPC.

Adani Green Energy: Adani Green Energy in its BSE filing said it had completed acquisition of 100% of the share capital and all the securities of Surajkiran Renewable Resources from Skypower Southeast Asia III Investments and Skypower Southeast Asia Holdings 2 Ltd.

Likhitha Infrastructure: Likhitha Infrastructure in its BSE filing said it had received orders worth Rs 200.22 crore from various oil & gas distribution Companies during the March quarter 2021. One order worth Rs 169.47 crore is for cross-country pipeline laying and related works, while the second of Rs 30.75 crore is for city gas distribution pipeline and related works.