Stocks to watch on June 12, 2023

HSBC India has teamed up with Tata Motors To finance the purchase of electric cars for workers in the corporate sector. Under the collaboration, consumers who have a salaried account with HSBC India will get the chance to apply for a tailor-made loan for the purchase of an electric vehicle from Tata Motors EV portfolio.

TVS Credit, a subsidiary of TVS Motor, has agreed to execute certain stock purchase agreements between PI Opportunities Fund-I Scheme-II, TVS Credit and other existing shareholders of TVS Credit. PI Opportunities Fund will acquire additional equity shares of TVS for ₹ 257.02 crore. After completion of the proposed primary and secondary investments, PI Opportunities Fund will own approximately 9.72 percent of the shares of TVS Credit, which leverages the proposed investment from PI to ensure sufficient capital for its growth plans.

NCLT, Kolkata has approved a settlement plan put forward by Jupiter Wagons for a controlling stake in Stone India under the Bankruptcy and Bankruptcy Act 2016. After the implementation of the dissolution plan, Stone India will become a subsidiary of Jupiter Wagons.

Also read: F&O Tracker: Options data is showing a bearish trend

Edge India information agreed to sell the entire interest it owned through its wholly owned subsidiary, Startup Investments (Holding) (SIHL), in its associate company, Happy Unmarried Marketing (HUM), to VLCC Health Care (VLCC). The shares will be sold via a combination of cash and share swaps for ₹ 61 crore. The sale of the stake is expected to be completed within two months of signing unless mutually extended by the parties.

PFC Consulting, a subsidiary of Energy Finance Corporationhas combined two new special-purpose vehicles – Bikaner III transmission Nemrana, and Nemrana II transmission Bareilly – to develop autonomous transportation projects.

Avantel Ltd She signed a contract worth $54.38 crore with Ministry of Defence, Coast Guard Headquarters, New Delhi. The contract is for SATCOM Terminals and Hub Stations. The contract will be executed by September 2024.

IndiGo is strengthening its international network with the launch of new codeshare connections via Istanbul to the USA. This strategic expansion opens up a world of possibilities for Indian travelers, allowing seamless access to New York, Boston, Chicago and Washington, effective June 15. Through its codeshare partnership with Turkish Airlines.

Karnataka Bank Limited have announced it Srikrishnan officially assumed the responsibilities Managing Director and Chief Executive Officer at Bull Temple Road Bangalore office. This assignment follows his most recent appointment, which will span a period of three years.

The Ministry of Defense stated this Cochin Shipbuilding Co., Ltd Declared as an L1 by the Indian Navy for an MR/Mid-life upgrade for an Indian Navy vessel. The final contract will be executed in due course. The estimated contract value is around Rs. 300 Crore (approx) and the estimated duration is around 24 months.

Also read: Global 360: The outcome of the Fed’s direction-setting meeting

Hazoor Multi Projects Limited has received commencement approval from BSCPL Infrastructure Ltd – GVPR Engineers Ltd (JV) for the construction of the access controlled Nagpur- Mumbai Communication Expressway in Maharashtra on EPC mode for Package 13 for Rs.119.18 crore.

Indoco Remedies It has obtained EU GMP certification from the competent health authority in Germany for its manufacturing site located at HB 211 Village Katha, IN- 173205 Baddi, Tehsil- Nalagarh, District – Solan. The agency conducted an inspection at Indoco’s manufacturing facility for the oral dosage form (Baddi -III), from May 22 to 25, 2023. EU GMP certification by the German Health Authority (Berlin) confirms that the site complies with Good Manufacturing Practice requirements as referred to in the EC directive. the

Premier Explosives Limited Received orders from Bharat Dynamics Limited to supply PI & P2 Motors from MRSAM worth $43.26 crores and from Larsen & Toubro Ltd For the supply of PSOM-XL engines worth Rs. 13.94 crore.

Allcargo Logistics Limited Completed the acquisition of 1.50 lakh shares, or 30 percent off at Gati‐Kintetsu Express (GKEPL) for Rs. 406.71 crore. Allcargo subsidiary Gati owns a 70 percent stake in GKE