Stocks to watch on June 14, 2023

The US private equity firm, Bain Capital, is looking to sell a 0.7 percent stake in it Axis bank It’s valued at up to $267 million, according to media reports.. The sale of the stake is likely to be in the offer price range of 964-977.70 per share.

MotoCorp championOn Thursday, I launched the new Xtreme 160R 4V.

Mahindra Susten, an indirect subsidiary of Mahindra Holdings, has combined Gelos Solren and Furies Solren to produce and sell power, electricity generation and distributed power, including rooftop solar installation, for the commercial, industrial, institutional and residential sectors. Gelos and Furies are wholly owned subsidiaries of Mahindra Susten, a subsidiary of Mahindra Holdings, which in turn is a wholly owned subsidiary of Mahindra Susten millimeter.

Panorama Studios International Limited and Ajay Devgn Ffilms LLP have entered into an agreement with Reliance Industries Limited through its media and entertainment division, Jio Studios, to produce a film, which will be jointly produced by Panorama Studios International Limited, Ajay Devgn Ffilms LLP and Reliance Industries Ltd. The title of the movie has not been decided yet.

HCL Technologies Google Cloud announced the expansion of their strategic partnership to help organizations leverage generative artificial intelligence (AI) and develop joint solutions powered by Google Cloud’s generative AI technologies. HCL Tech actively uses Google Cloud Language Large Models (LLMs) to develop generative AI capabilities for its clients across three core areas: Industries, Enterprise Functions, Innovation and Technology Modernization.

Also read: The US Federal Reserve is keeping interest rates unchanged but signaling two more possible hikes this year

SJVN Signed a Memorandum of Understanding with the Maharashtra State Power Generation Corporation to develop 5,000 megawatts of renewable energy projects in Maharashtra. The MoU was signed to explore the feasibility of setting up several renewable projects in Maharashtra, which include hydrogen, pumped storage, wind, solar, hybrid and green hydrogen projects. Further, the Company and MAHAGENCO will jointly participate in the tenders put forward by the Government of Maharashtra for the renovation and modernization of small hydro power plants operated and maintained by MAHAGENCO.

The Board of Directors of IND Renewable Energy Limited (formerly Vakharia Power Infrastructure Limited) has approved a proposal to raise up to ₹26 crore via right issue. The terms of the issue will be determined by the Board of Directors at a later date.

Imagicaaworld Entertainment Limited is operating under a Debt Restructuring and Settlement Agreement (DRSA) between the company that was executed in June 2022. Malpani Parks Private Limited and Aditya Birla ARC Ltd have received confirmation of write-off of unsustainable debts of INR 571.76 crore. The write-off is part of a debt settlement plan the company entered into with the Malbane Group and its former lenders in June 2022.

On Wednesday, SmallCap World Fund sold a 1.6 percent stake in Aavas financiers for Rs 173 crore through an open market transaction. According to bulk deal data available with BSE, SmallCap World Fund Inc offloaded more than 12.84 thousand shares, equivalent to 1.6 percent of shares of Aavas Financiers. The shares were sold at an average price of ₹1,349.94.

The National Company Law Tribunal (NCLT) has given its approval to the composite scheme of the arrangement between Nihal Financial Services (NFSPL), promoter Tega Industries, Marudhar Food & Credit (MFCL) and MM Group Holdings, all of which are part of the promoter group company. With this approval, MFCL will merge into NFSPL, and the entire ownership of MFCL (1.96% equity) in Tega will be transferred to NFSPL, resulting in NFSPL owning a 57.05% stake in Tega.

Madhusudan Kela’s wife Madhuri Madhusudan Kela bought an additional 8.4 shares or 1.67% stake in Sangam India – Textile and Apparel Company – Through open market dealings, at an average price of INR 268. Meanwhile, Satpal Khattar sold 9 thousand shares.