Stocks in Focus on Mar 14: GAIL, HDFC Bank, Indian Bank & More

  • Stock Market News
Stocks in Focus on Mar 14: GAIL, HDFC Bank, Indian Bank & More
Credit: © Reuters.

By Malvika Gurung -- GAIL (NS: GAIL ): The state-owned gas company has declared a second interim dividend for the ongoing financial year, of Rs 5/share, with the total dividend payout as Rs 2,220.19 crore and at a record date of March 22, 2022.

HDFC Bank (NS: HDBK ): The private lender can now launch new digital initiatives, as the markets regulator RBI has lifted all restrictions on the bank.

ICICI Bank (NS: ICBK ): The private lender’s board of directors had approved fundraising on April 24 and raised Rs 8,000 crore by issuing debt securities on a private placement basis.

Hindalco Industries (NS: HALC ): ICICI Prudential (LON: PRU ) offloaded 11.81 lakh equity shares of the metal company on March 9 through open market transactions, thereby reducing its holding in the company from 3.07% to 3.01%.

Lupin (NS: LUPN ): The US health regulator has given a green signal to the drugmaker’s anti-epilepsy drug Vigabatrin in the US markets.

Ruchi Soya (NS: RCSY ): The edible oil manufacturer will launch its follow-on public offer or FPO on March 24 and plans to raise about Rs 4,300 crore through it.

Indian Bank (NS: INBA ): The state-owned lender has declared the security services company Topsgrup Services as a fraud for diverting funds worth Rs 34.08 crore, and has reported the same to the RBI.

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