Here are stocks that are in the news today:
Bharti Airtel: Airtel collaborates with Zoom to launch India's first high quality unified communications solution for businesses' issued by the company.
Karur Vysya Bank: Capital Raising Committee approved the information memorandum in relation to issue of BASEL III compliant Unsecured Non-convertible Tier II Bonds in the nature of debenture of Rs 1,00,000 each for a total approved borrowing programme of Rs 1,200 crore in one of more Tranches with present 'Tranche A' of Rs 300 crore with green shoe option of upto Rs 300 crore aggregating upto Rs 600 crore.
Newgen Software: Company receives patents from Indian Patent Office for its inventions.
Reserve Bank of India (RBI) imposed penalty of Rs 2 crore on Bank of Maharashtra
Grasim Industries signed a definitive agreement, to acquire 100% equity shareholding of Soktas India, from its current promoters, for an enterprise value of Rs 165 crore
Edelweiss Financial Services: CDPQ Private Equity Asia Pte Ltd, the subsidiary of North America-based pension fund manager, to invest over Rs 1,800 crore in ECL Finance Limited, the non-banking financial company (NBFC) arm of Edelweiss Group.
Bosch: Company announced an extinguishment of equity shares with respect to the buyback of 10,27,100 fully paid-up equity shares of face value of Rs 10 each.
Quick Heal Technologies: Board approved a proposal to buyback up to 63,63,636 equity shares of the company, being 9.02 percent of the total paid up equity, for an aggregate amount not exceeding Rs 175 crore, at a price of Rs 275 per share.
Jubilant Life Sciences: Subsidiary Jubilant Pharma (incorporated under the laws of Singapore) successfully completed the issuance of rated unsecured bonds (to institutional investors outside India. The Notes were issued at par in a principal amount of $200 million and will mature in March, 2024.
Endurance Technologies: Promoter Anurag Jain to sell up to 63,63,637 equity shares (representing 4.52 percent of the paid up equity) on March 6 and March 7 with an option to additionally sell up to 41,89,051 equity shares (representing 2.98 percent of the paid up equity) through Offer for Sale route.
Blue Star: Board appointed Shailesh Haribhakti, Independent Director as the Chairman, elevated Vir S Advani as Vice Chairman and his re-designation as Vice Chairman & Managing Director, and elevated B Thiagarajan to Managing Director of the company.
The Investment Trust of India: Subsidiary ITI Alternate Funds Management Limited received a registration certificate from SEBI to act as Portfolio Manager.
Avenue Supermarts: Company issued commercial paper of Rs 50 crore.
Wipro: Stock will trade ex-bonus (1:3) from March 6. Revised market lot for Futures & Options contracts would be 3,200.
Sterlite Technologies: Company unveils TruRibbonTM - Ribbon Reinvented, a fully backward compatible cable built for high-capacity networks.
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Source: Moneycontrol
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