Stocks in Focus on March 21: RIL, HDFC, Granules India & More

  • Stock Market News
Stocks in Focus on March 21: RIL, HDFC, Granules India & More
Credit: © Reuters.

By Malvika Gurung -- Reliance Industries (NS: RELI ): The conglomerate’s retail arm Reliance Retail announced acquiring an 89% stake in the intimate-wear maker Clovia on Sunday, through an investment of Rs 950 crore.

State Bank of India (NS: SBI ): The state-owned lender will provide a credit facility of $1 billion to Sri Lanka. Besides, it has also notified to have lined up about 12 NPAs on sale for recovering loan dues worth over Rs 820 crore.

HDFC (NS: HDFC ): The mortgage lender’s subsidiary HDFC Capital Advisors will be acquiring a 7.2% stake in Loyalie IT-solutions for Rs 28.16/share, as per the agreement.

NBCC India (NS: NBCC ): The Administration of Union Territory of Ladakh has awarded a work order worth about Rs 500 crore to the state-owned blue-chip for providing comprehensive, design, engineering and PMC services.

TVS Motor Company (NS: TVSM ): The two-wheeler major’s board has declared an interim dividend of Rs 3.75/share for FY22.

RBL Bank (NS: RATB ): The private lender informed that the RBI has given its interim MD & CEO Rajeev Ahuja an extension of 3 months, w.e.f. March 25, 2022, or until a regular placeholder is appointed.

Granules India (NS: GRAN ): The pharma company has received licenses from the MPP or Medicines Patent Pool for manufacturing and marketing generic versions of oral treatment nirmatrelvir from Pfizer (NYSE: PFE ).

KEI Industries (NS: KEIN ): Smallcap World Fund picked a total of 6.4 lakh equity shares of the power cables company through open market transactions on March 16, raising its shareholding in the company to 5.02%.

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