Adani Transmission, Sun Pharma, Vedanta among stocks to watch out for on June 6

Jun 6, 2022

By: bhakti.makwana@timesinternet.in

Credit: BCCL

Adani Transmission

The Ahmedabad-based power transmission company is set to acquire Mahan-Sipat transmission line owned and operated by Essar Power Transmission for ₹1,913 crore.

Credit: BCCL

Vedanta

The mining company’s board has approved raising up to ₹4,089 crore via debentures on a private placement basis.

Credit: BCCL

Sun Pharma

The pharmaceutical giant plans to increase its field force by 10 percent this fiscal year.

Credit: BCCL

National Mineral Development Corporation (NMDC)

The state owned mineral producer cuts prices again by ₹1,100 per tonne each on fines and lumps.

Credit: NMDC

Union Bank of India

The government has appointed A Manimekhalai as managing director and CEO of Union Bank of India for three years. She is also the first woman to head the bank.

Credit: BCCL

Punjab & Sind Bank

The Reserve Bank of India has imposed a penalty of ₹27.50 lakh on the bank for non-compliance of some of its directions.

Credit: BCCL

V-Guard

SBI Mutual Fund acquired 59,171 shares of the company through open market transactions on 2 June.

Credit: BCCL

Poonawalla Finance

The market regulator SEBI has revoked the ban on Abhay Bhutada, MD and CEO of the company for insider trading.

Credit: BCCL

Ujjivan Small Finance Bank

The company’s board will consider the proposal for raising of funds by way of issuance of debt securities on a private placement basis, in one or more tranches on June 8.

Credit: BCCL

UltraTech Cement, HDFC, Coal India among stocks to watch out for on June 3