Stocks Under Focus on March 28: GAIL, Emami, PVR & More

  • Stock Market News
Stocks Under Focus on March 28: GAIL, Emami, PVR & More
Credit: © Reuters.

By Malvika Gurung -- Bharti Airtel (NS: BRTI ): The telecom major will pick a stake of about 4.7% in Indus Towers from Euro Pacific Securities, priced at Rs 187.88/share. The total value of the transaction will be Rs 2,388.06 crore. Besides, it will also acquire a 7% stake in Avaada KNShorapur for a cash consideration of Rs 1.74 crore.

GAIL (NS: GAIL ): The state-owned gas company will consider a share buyback on March 31, and its board will also approve the financial results for Q4 FY22 and the fiscal year.

Emami (NS: EMAM ): The FMCG company has acquired the British FMCG major Reckitt’s Dermicool brand for Rs 432 crore, not including the taxes and duties.

PVR (NS: PVRL ), Inox Leisure (NS: INOL ): The two biggest theatre chains in the country have announced a merger to form a resilient entity, under the brand name PVR INOX Ltd, which will have a market capitalization of over Rs 16,000, and operate 1,546 screens across 72 cities.

Wipro (NS: WIPR ): The IT firm’s board has approved an interim dividend of Rs 5/share for the ongoing financial year.

Vodafone Idea (NS: VODA ): The beleaguered telco’s shareholders have given a nod to the company for raising Rs 14,500 crore, at the EGM.

Fino Payments Bank (BO: FINY ): The central bank RBI has approved referring the NaviMumbai- lender’s customers to Finwizard Technology for mutual fund distribution, and 5paisa Capital for demat trading services under the referral arrangement.

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