Stocks To Watch

To Watch

Hinduja Global Solutions: The board approved the proposal to buy back 60 lakh shares (24.59%) at Rs 1,700 apiece to raise Rs 1,020 crore.

Dixon Technologies (India): The company signed a term sheet with Mega Alliance Holdings for a 51:49 joint venture to design and manufacture mobile communication equipment and related Solutions in India.

Cressanda Solutions: The board approved raising Rs 49.50 crore via a rights issue. Meanwhile, managing director Soumyadri Bose has resigned from the position, effective Jan. 27.

NMDC: Department of Investment and Public Asset Management announced that it has received multiple expressions of interest for privatisation of the NMDC Steel plant, and now the transaction can move to the second phase.

Borosil Renewables: The company started trial production from the second rolling line of SG-3 solar glass furnace. 

Tube Investments of India: The company’s subsidiary Tl Clean Mobility will acquire the remaining 30.04% stake in Cellestial E-Mobility, currently held by the founders, for Rs 50.90 crore.

Firstsource Solutions: The board will meet on Feb. 2 to consider and approve an interim dividend for the current fiscal. 

Adani Enterprises: The Rs 20,000-crore FPO was subscribed 1% on the first day, with 2% subscription in the retail portion and 1% in the HNI basket. Employees picked up 4% of FPO shares reserved for them.