Market Commentary - Stock Alert
One 97 Communications, Aditya Birla Capital, Lemon Tree Hotels in focus As on : 28-Mar-23  08:53

One 97 Communications: Paytm Payments Bank (PPBL) announced that its full KYC wallet customers will be able to make payments on every UPI QR codes and online merchant where UPI payments are accepted. Paytm Payments Bank has the largest scale in India, in terms of mobile transactions.

Aditya Birla Capital: Aditya Birla Capital continuously evaluates strategic opportunities for its businesses with the long-term objective of creating stakeholder value. In line with this, the board of directors of the company has approved the sale of its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) (a non-material subsidiary of the company).

Lemon Tree Hotels: Lemon Tree Hotels announced the opening of its latest hotel - Keys Prima by Lemon Tree Hotels, Thekkady in Kerala.

Kalyan Jewellers: Warburg Pincus will reportedly offload a 2.5% stake in the company through a block deal. The shares would be offloaded at Rs 110 apiece, as per reports.

PNC Infratech: PNC Infratech has been declared the L1 (Lowest) bidder for a Highway Project in Uttar Pradesh on Hybrid Annuity Mode with a Bid Project Cost of Rs. 819.0 crore. Project is to be constructed in 24 months and operated for 15 years, post construction.

SJVN: SJVN has secured GREEN Financing from Japan Bank for International Cooperation (JBIC) amounting to JPY 15 Bn. (approx. Rs 915 crore). The loan is co-financed with Japanese private financial institutions.

Dilip Buildcon: Dilip Buildcon has been declared as L-1 bidder for new HAM project 'Bengaluru - Vijayawada under Bharatmala Pariyojana Phase-I (Package -7) in Andhra Pradesh. The order is worth Rs. 780.12 crore.

Ugro Capital: The meeting of the investment and borrowing committee of the board of directors is scheduled on Thursday, 30 March 2023, to consider raising funds by way of issuance of commercial papers.

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