Stocks To Watch | TCS, Tata Steel, IOL Chemicals, L&T Finance, HG Infra and more
TCS | Promoter Tata Sons to sell 0.64% equity via block deals. The offer price or 4,001 is a 3.6% discount to Monday’s closing price. As of December 31, Tata Sons had a 72.38% stake in TCS. Read more here.Aditya Birla Sun LifeAMC | Promoters plan to sell 3.3 crore shares or 11.47% of the total equity through and Offer for Sale (OFS). Base size for the OFS is 7% and the rest is a green shoe option. Floor Price for the OFS is 450.Tata Steel | UK unit to cease operations of coke ovens at Port Talbot Plant, WAles. To cease operations due to deterioration of operational stability. Tata Steel UK will increase imports of coke to offset the impact of the coke oven closures.IOL Chemicals | Successfully completes Brazilian Health Regulatory Agency (ANVISA) GMP audit. The Audit was for 10 APIs manufacturing units at Barnala, Punjab and has completed without any observation. The inspection was conducted between March 11 – 15, 2024.L&T Finance | Gets board approval to raise ₹1.01 lakh crore via NCDs in one or more tranches.Genesys International | Consortium with Veritas (India) gets LoA for a project worth ₹155.85 crore from the BMC.HG Infra Engineering | Joint Venture with Stockwell Solar Services gets Letter of Award for ₹1,026 crore project from Jodhpur Vidyut Vitran Nigam.Sonata Software | Signs go-to-market partnership with zones to simplify enterprise application delivery.RPP Infra: Gets new orders worth ₹94.13 crore from SPICOT, or State Industries Promotion Corporation of Tamil Nadu.
