Check out the top companies’ stocks, among others, which will be in focus during Wednesday’s session, 27-March-2019, based on latest news and developments:
Power Finance Corpn Ltd: As per source, the Company on Thursday will make the entire payment of Rs14,500-Crore to the govt for acquiring 52.63% stake in REC.
GMR Infrastructure Ltd: As per reports, The Company will announce divestment of up to 40% in all airports – Hyderabad, Delhi, Goa & Philippines, tomorrow and GIC-Tata consortium will buy that stake for Rs8000-Crores.
Allahabad Bank: The Bank approved raising equity up toRs4000-Crores, given that the stake of the govt remained not less than 52% of the total equity paid up capital of the bank.
Unitech Ltd: The Company in its exchange filing said, it has entered into a share purchase accord with Sterling & Wilson to sell entire equity capital of UnitechPower Transmission.
M&M Financial Services: The company received approval for the allotment of 74 Secured Redeemable NCDs of the face value of Rs10,00,000each, at a premium, aggregating to Rs7.40-Crore.