Stocks Under Focus: GAIL, Bharti Airtel, Sona BLW, Indo Amines & More

  • Stock Market News
Stocks Under Focus: GAIL, Bharti Airtel, Sona BLW, Indo Amines & More
Credit: © Reuters.

By Malvika Gurung -- GAIL (NS: GAIL ): The Maharatna PSU’s board has approved fundraising of up to Rs 25,000 crore via the issue of secured and/or unsecured NCDs and bonds on a private placement basis. 

ONGC (NS: ONGC ): The state-owned giant has entered into an agreement with the global petroleum giant ExxonMobil for exploring oil and gas on the deep-sea east and west coasts.

Telecom Stocks: Taking the lead over competitors, Reliance (NS: RELI ) Jio added 4.22 million mobile in June, compared to a modest 0.79 million users added by Bharti Airtel (NS: BRTI ) and 1.8 million users lost by Vodafone Idea (NS: VODA ) in the period.

Sona BLW Precision Forgings (NS: SONB ): Investment banker Blackstone (NYSE: BX ) Inc will be selling a 13.6% stake in the auto tech manufacturer through a block deal on Thursday for raising about Rs 3,180 crore. It holds 34.12% in Sona BLW.

Indo Amines (NS: INAM ): The chemical manufacturer has received environmental clearance for the expansion of 'synthetic organic chemical' for its manufacturing units situated in Thane and Dhule, Maharashtra.

Kilburn Engineering (BO: KLBE ): Private lender RBL Bank (NS: RATB ) has sold over 12% of its stake held in the machinery industry company since May, taking the total consideration to the north of Rs 17 crore.

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  • Neeraj Gupta @Neeraj Gupta
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