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Stocks to watch: SBI, Nestle India, Adani Enterprises, Vodafone Idea among shares in focus today amid Israel-Iran war
State Bank of India (SBI) is in the final stages of selecting several merchant banks to help it raise up to ₹ 25,000 crore through a qualified institutional placement (QIP) — marking its first equity offering in eight years.
MSCI ESG Ratings and Research Private Ltd has raised the bank's ESG rating from A to AA.
JSW Energy Ltd, through its step-down subsidiary Energizent Power Private Ltd, has entered into a Power Purchase Agreement with NHPC Ltd for a 300 MW solar-wind hybrid project connected to the Inter-State Transmission System (ISTS).
Nestle India Ltd., the multinational FMCG major, is set to consider a bonus share issue during its board meeting scheduled for Thursday, June 26.
The company has given the go-ahead for a public issuance of non-convertible debentures (NCDs) with an initial amount of ₹ 500 crore, which can be increased by another ₹ 500 crore through a green shoe option, bringing the total potential issue size to ₹ 1,000 crore.
The company has notified the exchanges that it has subscribed to and received an allotment of 19 crore equity shares in Jio Payments Bank, amounting to ₹ 190 crore.
Reliance Defence, a subsidiary of the company, has secured an export order worth ₹ 600 crore from the German arms and ammunition firm Rheinmetall Waffe Munition GmbH.
CDSL has entered into a Memorandum of Understanding (MoU) with IIM Mumbai to leverage advanced data analytics and research capabilities.
According to Bloomberg, the telecom operator is negotiating to secure loans amounting to ₹ 250 billion ($2.9 billion) in order to enhance its network infrastructure and address the loss of subscribers to competing companies.
The company has bagged a contract worth ₹ 4,801 crore for the development and operation of the Banhardih Coal Mining Block located in Jharkhand. The contract was awarded by Patratu Vidyut Utpadan Nigam Ltd, a joint venture between NTPC and JBVNL.
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