Vedanta, Hindustan Zinc, Future Retail among hot stocks to watch out for on April 1

Apr 1, 2022

By: bhakti.makwana@timesinternet.in

Credit: BCCL

Future Retail

The company’s CEO Sadashiv Nayak has resigned from the post seven months after his appointment. Future Group CEO Kishore Biyani has been re-appointed as executive chairman of the company for three years.

Credit: BCCL

Vedanta

The company’s Board has approved plans to source 580 megawatt (MW) of renewable energy for its operations across India.

Credit: Nuvoco Vistas Corporation

Hindustan Zinc

The mining firm said it will invest ₹350 crore to develop up to 200 megawatt (MW) renewable energy capacity through a special purpose vehicle.

Credit: Nuvoco Vistas Corporation

Sterlite Technologies

The company has signed the definitive agreement to sell its 64.98 percent stake in Maharashtra Transmission Communication Infrastructure (MTCIL) for ₹43 crore agreed to be received in multiple tranches.

Credit: Nuvoco Vistas Corporation

Nuvoco Vistas Corporation

The company has made timely payment of redemption amount and interest for its non-convertible debentures of ₹400 crore.

Credit: Nuvoco Vistas Corporation

Ruchi Soya Industries

The board has approved an issue price at ₹650 per equity share for its follow-on public offer.

Credit: HG Infra Engineering

NCC

The Company along with other shareholders of subsidiary firm NCC Vizag Urban Infrastructure (NCCVUL) have entered into a share purchase agreement with GRPL Housing Private (Gardencity Realty Group, Bengaluru) to sell and transfer their entire shareholding in NCCVUL to GRPL.

Credit: HG Infra Engineering

HG Infra Engineering

The company’s subsidiary Gurgaon Sohna Highway has received the provisional certificate for the project in Haryana.

Credit: HG Infra Engineering

HDFC Asset Management Company

LIC has reportedly acquired 2.02 percent stake in the company via open market transactions taking its shareholding in the company to 7.02 percent from 5 percent earlier.

Credit: HDFC Asset Management Company

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