Stocks likely to buzz on bourses today
InterGlobe Aviation: The board of directors of InterGlobe Aviation Ltd has approved fundraising for an aggregate amount not exceeding Rs 3,000 crore through an issue of equity shares by way of a qualified institutional placement (QIP), in accordance with the relevant provisions of applicable laws and subject to approval of the company's shareholders as well as receipt of applicable regulatory approvals.
TCS: Tata Consultancy Services (TCS) has been positioned as a leader in the IDC MarketScape for Worldwide Supply Chain SAP Ecosystems Services.
Dabur: The company announced its entry into the pain relief spray market with the launch of Ayurvedic ‘Dabur Rheumatil Spray’. The product, priced at Rs 130 for a 40g/57ml pack, would be made available across all leading e-commerce platforms and also, via regular retail channels.
Federal Bank: Federal Bank has entered into a strategic tie-up with Mashreq Bank, one of the leading financial institutions in the UAE, to facilitate money transfers from the UAE to India. The partnership will support Mashreq's faster payment product, QuickRemit, which was launched in 2017.
Sangam Renewables: The board of directors of Sangam Renewables Ltd has considered changing the company’s name from 'Sangam Renewables Limited' to 'Waaree Renewable Technologies Limited' or any other name as approved by the Registrar of Companies, Ministry of Corporate Affairs. In addition to this, the company has also approved the divestment of the 3,18,80,100 equity shares of Rs 10 each held in Waacox Energy Private Limited, a material subsidiary company to Aditya Birla Renewables Limited at a price not less than Rs 13.05 per equity share, amounting to a total consideration of not less than Rs 41,60,35,305.
Nava Bharat Ventures: The company synchronised the 60MW IPP in Odisha with the Grid and has commenced power flows for merchant trade henceforth.
Modison Metals: As a part of future modernisation & expansion plans, Modison Metals Ltd has bought land, valued at Rs 5.40 crore, near the company's factory premises at Vapi (Gujarat).