Stocks in the news
Muthoot Finance: Muthoot Finance is planning to raise Rs 1,700 crore through public issue of secured redeemable non-convertible debentures. The issue opens on April 8 and will close on April 29 with an option to close on an earlier or extended date as may be decided by the board of directors or NCD committee.
Hindustan Copper: Hindustan Copper in its BSE filing said the company opened its qualified institutional placement issue for subscription on April 7. The floor price has been fixed at Rs 125.79 per equity share.
Wipro: The IT company said it has appointed Suzanne Dann as senior vice president and sector head for capital markets and insurance, North America Region. It also appointed Subha Tatavarti as Chief Technology Officer.
Prakash Industries: In Q4FY20-21, Prakash Industries achieved the highest-ever sales of around 2,72,142 tonnes of steel, recording a growth of 8.85 percent (QoQ basis) and 31.16 percent (YoY basis). In FY21, the company achieved the highest-ever sales of around 9,54,760 tonnes of steel, a growth of 3.13 percent over FY20 despite disruptions due to the COVID-19 pandemic.
Godrej Consumer Products: In Q4FY21, in India, Godrej Consumer expects to deliver sales growth around the thirties, driven by strong volume growth and calibrated price increases. In Indonesia, it expects gradual recovery with mid-single-digit constant currency sales growth. The company expects sales growth in Latin America business to remain strong in constant currency terms.
UCO Bank: The bank approved the proposal for the issue of equity shares on a preferential basis to the Government of India against a capital infusion of Rs 2,600 crore.
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