Top nine stocks that could be in limelight today
RBL Bank: The bank has informed that Vishwavir Ahuja, Managing Director & CEO has sold 14,40,000 shares between February 19 & 25, 2021 for approximately Rs 35.07 crore, which is as per the preclearance taken by him. Further, he mentioned that the sale of shares is purely for personal and family reasons. The completion of the property transaction may require him to sell another 3-4 per cent of his holdings over the next few months.
Ashok Leyland: The company has completed the acquisition of 58,500,000 shares of Rs 10 each of Hinduja Tech Limited (HTL) from Nissan International Holding BV for a total consideration of Rs 70,20,00,000, constituting 38 per cent of the paid-up share capital of HTL. Consequent to the said acquisition, HTL has become a wholly-owned subsidiary of the company.
Infosys: The company expands Pennsylvania-based Retirement Services Centre of Excellence; commits to adding 300 new jobs.
Zensar Technologies: The board of directors of the company has consented and authorised its wholly-owned subsidiary, Zensar Technologies Inc. (a material subsidiary), to divest 100 per cent of its equity shareholding, held by it in Aquila Technology Corp.
Sunteck Realty: Sunteck Realty Ltd rating affirmed 'AA-' with the outlook upgraded to 'positive' by India Ratings & Research (Fitch Group).
Wipro: Wipro has been recognised as one of the world’s most ethical companies for the tenth consecutive year.
Mahindra Lifespaces: The company has executed a sale deed on February 25 with the landowners for the acquisition of a land parcel, admeasuring 7.89 acres, located at Kanakapura Road, Bengaluru (Karnataka).
HCL Technologies: HCL America Inc., a wholly-owned step-down subsidiary of the company incorporated under the laws of California, United States of America (issuer) has approved the proposal for the issuance of USD denominated fixed-rate, senior unsecured notes, aggregating to an amount not exceeding USD 500 million (notes).
Hatsun Agro Products: The company has announced commercial production at its newly set-up modern greenfield dairy processing plant in Solapur (Maharashtra).