Mcleod Russel to enter 50:50 stake joint venture with Greendale India for development of packaged tea business.
AXIS BANK To raise Rs 11,626 Cr in a share & warrants sale to Bain Capital, Capital International & LIC Bain & Capital’s will bring in $1.6 billion while LIC would invest $200 Mn To improve CAR to 18.66% from 16.32%.
Government plans Rs 3.6k-crore subsidies to telcos for BharatNet.
Adani Transmission is likely to clinch a deal to acquire Reliance Infrastructure Ltd.’s Mumbai power business.
Quick Heal (YoY): Income up 252% at 104.5 cr EBIDTA +ve at 60.2 cr vs –ve 15.8 cr PAT at 39.2 cr vs Loss at 11 cr.
Stocks to watch:
Positive: #MCLEODRUSS #AXISBANK #AKSHOPTFBR #STRTECH #ADANITRANS #QUICKHEAL