Stocks in Focus on Dec 6: Indiabulls Housing Finance, Aurobindo Pharma & More

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Stocks in Focus on Dec 6: Indiabulls Housing Finance, Aurobindo Pharma & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Aarti Industries Ltd (NS: ARTI ): HDFC (NS: HDFC ) Asset Management Company sold a total of 1,74,221 shares in the company through open market transactions on Nov 30, bringing down its shareholding from 3.09% to 3.04%.

Indiabulls (NS: INBF ) Housing Finance: The mortgage lender will raise upto Rs 1,000 crore through public issue of secured, redeemable, non-convertible debentures of face value of Rs 1000 each. The base size will be upto Rs 200 crore, while the issue is under the shelf limit of Rs 2,000 crore.

DCB Bank Ltd (NS: DCBA ): The bank has released a revised base rate, down from 10.64% p.a. to 10.5% p.a.,w.e.f Dec 6, 2021.

Aurobindo Pharma (NS: ARBN ), Unichem Laboratories Ltd. (NS: UNLB ): As a result of  manufacturing issues, both the pharmaceutical companies are recalling different products in the US market, which is the largest market for medicines globally. Aurobindo's US-based unit is recalling a total 7,296 containers of Carvedilol tablets, a hypertension drug.

Persistent Systems (NS: PERS ): HDFC Asset Management Company Ltd (NS: HDFA ) sold a total of 15.76 lakh shares in the company through open market transactions on Dec 2, bringing down its shareholding from 7.2% to 5.14%.

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