30 Jun , 2022 By : Kanchan Joshi
Here is the list of the top 10 stocks that are likely to be in focus on Thursday:
Minda Industries: The firm bought 5.24% stake in a Germany based company for 15 million euros.
Infosys: The IT major has signed an agreement with venture capital firm The House Fund for an investment of $10 million.
TVS Motors: Private equity giants TPG Capital and KKR & Co. are in talks with TVS Motor Co. Ltd to invest at least $300 million to fund the expansion of its electric vehicle business.
Biocon: Bangalore-based biopharmaceutical company, Biocon to acquire a 26% stake in AMPYR Renewable Energy Resources Eleven for solar power. The transaction will cost around Rs7.50 crore. Through the acquisition, Biocon plans to enhance its renewable-based power consumption.
Sundram Fasteners: Auto component maker Sundram Fasteners plans to invest Rs100 crore in its defence business vertical in the next two years, company's chairman Suresh Krishna said on Wednesday.
IIFL Wealth Management: The company on Wednesday announced Nikunj Kedia has been elevated to the role of head of products at the company.
Home First Finance Company: Credit rating agency ICRA has upgraded the long-term credit rating of Home First Finance Company India from [ICRA] A ‘Positive’ to [ICRA]AA- ‘Stable’. The ratings cover a Rs. 3,500 crore term loan and a Rs. 230 crore Non- Convertible Debentures programme.
Transport companies: The GST Council has decided to give relief to the transport sector by way of a reduction in the tax rate at its two-day meeting which concluded in here on Wednesday.
Panchsheel Organics: The firm's board approved the issue of 1.7 million equity shares at a price of Rs183.15 per share, and another 1.3 million warrant shares on a preferential basis.
MTAR Technologies: A stake of 0.2% in the company was sold by investor Fabmohur Advisors LLP through open market transactions on 28 June.
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