Top Trending Stocks Today | Adani Group, Airtel, Piramal Pharma & more

Top Trending Stocks Today Adani Group, Airtel, Piramal Pharma & more

PNB Housing Finance

PNB Housing Finance, a leading financial institution, announced its plans to raise capital amounting to ₹5,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The company’s board of directors is scheduled to convene on June 22, 2023, to discuss and approve the proposed issuance of NCDs.

Piramal Pharma

Caisse De Depot Et Placement Du Quebec (CDPQ), a renowned global investment group, has recently divested a 0.89 percent stake in Piramal Pharma Ltd through an open market transaction. The transaction, which amounted to INR 100 crore, involved the sale of 1,05,70,466 shares at an average price of INR 94.48 per share. As a result of this divestment, CDPQ’s shareholding in has decreased to 4.64 percent from the previous 5.53 percent recorded at the end of March.

Patanjali Foods

Patanjali Foods Ltd, under the leadership of CEO Sanjeev Asthana, is set to make a substantial investment of up to Rs 1,500 crore in capital expenditure (Capex) over the next five years, as reported by PTI. Asthana has emphasized that the focus of this investment will be on expanding the company’s palm oil business.

Adani Group

Adani Enterprises, a prominent conglomerate, announced on Friday (June 16) that its wholly-owned subsidiary, Adani Digital Labs Private Ltd, has made an agreement to acquire the railway ticketing startup Trainman. In a significant development, the Adani Group acquires Trainman, marking a strategic move to strengthen its presence in the digital and transportation sectors. This acquisition showcases Adani’s commitment to expanding its portfolio and capitalizing on the growth potential of innovative startups like Trainman.

Airtel

In a bid to refinance its high-cost debt and bolster its balance sheet, leading telecom company Bharti Airtel is contemplating an offshore bond issue, known as the Airtel Offshore Bond Issue, that could potentially raise up to $1 billion, according to sources familiar with the matter as reported by Economic Times.

JBM Auto

According to recent reports, JBM Auto, a prominent manufacturer of auto components and equipment, is currently positioned as the frontrunner to acquire a controlling stake in SML Isuzu, an automaker.

NLC India

In a significant development, NLC India Ltd, a state-owned enterprise, has announced the formation of a subsidiary company dedicated to advancing its ongoing renewable energy initiatives.

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