Tata Power, ICICI Bank, Aurobindo Pharma among stocks to watch out for on March 29

Mar 29, 2022 Credit: BCCL

Tata Power

The company has collaborated with Rustomjee Group, one of the leading real estate developers, to provide end-to-end EV charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region (MMR). Credit: BCCL

ICICI Bank

The bank has signed an agreement for investment in India Debt Resolution Company by buying 15 percent stake in the company for up to ₹75 million in multiple tranches. Credit: Sudarshan Chemical Industries

Wockhardt

The company's board of directors has approved the issue of equity shares by way of a rights issue to the existing shareholders of the company. It approved the allotment of 3.32 crore equity shares at ₹225 per share. Credit: Sudarshan Chemical Industries

Aurobindo Pharma

The company has acquired the business and certain assets of Veritaz Healthcare, for ₹171 crore. Veritaz operates in the pharmaceutical industry in India and sells branded generic formulations and other health care-related products. Credit: Sudarshan Chemical Industries

Sudarshan Chemical Industries

The company’s board has approved fundraising of up to ₹200 crore through the issue of non-convertible debentures, on a private placement basis. Credit: Sudarshan Chemical Industries

GR Infraprojects

The company has emerged as the lowest bidder for a road project in Rajasthan worth ₹1,368 crore. Credit: GR Infraprojects

Welspun Specialty Solutions

The company has received ₹15.97 crore from one of its customers, a public sector undertaking after an arbitral award passed in favour of the company. Credit: Welspun

Power Grid Corporation of India

The company approved an investment worth ₹821.3 crore in five projects including transmission system strengthening beyond Kolhapur for export of power from solar and wind energy zones in the southern region, transmission system strengthening for Srinagar-Leh transmission system and so on. Credit: BCCL

TCI Finance

The company has defaulted in payment of EMI of term loan of HDFC Ltd for March 2022. Credit: TCI Finance