Stocks Under Focus: TaMo, HDFC Twins, Bharti Airtel, Adani Ports, Subex & More

  • Stock Market News
Stocks Under Focus: TaMo, HDFC Twins, Bharti Airtel, Adani Ports, Subex & More
Credit: © Reuters.

By Malvika Gurung -- Tata Motors (NS: TAMO ): The domestic automaker’s subsidiary Tata Passenger Electric Mobility has signed an agreement with Ford India to acquire the latter’s manufacturing unit in Sanand, Gujarat, including the entire land, assets and all eligible employees, for a total consideration of Rs 725.7 crore.

Life Insurance Corporation (NS: LIFI ): The insurance behemoth has reduced its shareholding in the auto heavyweight Maruti Suzuki (NS: MRTI ) from 6.2% to 4.2%, and in the state-owned Bharat Dynamics (NS: BARA ) from 6.4 to 4.4%.

HDFC Bank (NS: HDBK ): The private lending major has reportedly raised nearly $300 million in NRE deposits, offering almost 50 bps more than the existing rates, stated an ET report.

HDFC (NS: HDFC ): Sebi has approved the change in control for HDFC AMC, along with a change in one of the co-sponsors of HDFC Mutual Fund from HDFC to HDFC Bank, following the merger of the financial giants.

Power Grid (NS: PGRD ) Corporation: The Maharatna company will seek shareholders' approval for raising up to Rs 6,000 crore via bonds issue in FY24 on Aug 29, 2022.

Some Companies Releasing Q1 FY23 Earnings on Monday

  • Bharti Airtel (NS: BRTI )
  • Power Grid Corporation
  • Adani (NS: APSE ) Ports and Special Economic Zone
  • Astrazeneca (LON: AZN ) Pharma
  • Gujarat Narmada Valley Fertilizers & Chemicals (NS: GNFC )
  • Subex (NS: SUBX )
  • Torrent Power (NS: TOPO )

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