Buzzing stocks to watch out for on March 12

Mar 12, 2021

By: Navdeep Yadav

Credit: BCCL

​French insurer BNP Paribas Cardif looking to sell stake in SBI Life Insurance

The company held 5.2 crore shares in SBI Life, equivalent to a 5.20 percent stake as of December 30.

Credit: BCCL

​SBI will conduct e-auctions of 12 bad accounts this month

It plans to recover dues of over ₹506 crore under sale to asset reconstruction company (ARC) mechanism.

Credit: BCCL

Infosys extends its strategic collaboration with Newmont Corporation by five years.

This will help standardise and digitise delivery models across the world's largest gold mining company’s sites.

Credit: BCCL

​HCL Tech subsidiary HCL America has issued $500 mn senior notes due 2026.

The notes will be listed on Singapore Exchange Securities Trading Limited.

Credit: BCCL

​ONGC acquires a 5 percent stake in Indian Gas Exchange.

IGX is India's first automated national-level gas exchange for trading in natural gas in the country.

Credit: BCCL

​IDBI Bank is out of RBI’s intensive care but subject to conditions and continuous monitoring.

IDBI Bank was first put under prompt corrective action in May 2017; it had a net bad loan ratio of over 15 percent.

Credit: BCCL

​Max Healthcare Institute raises ₹1,200 crore via QIP issue route

The company proposes to utilise the net proceeds for meeting capital expenditure and working capital requirements.

Credit: BCCL

Prestige Estates concludes ₹74,67 crore deal with Blackstone

Phase 1 of the transaction includes the sale of 12 assets/undertakings comprising completed retail, office and hotel assets.

Credit: BCCL

​Seven European countries clamp down on AstraZeneca COVID-19 vaccine

Denmark was the recent one to pause the rollout amid fears of blood clots developing in individuals.

Credit: BCCL

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