Stocks in news: Maruti Suzuki, IndiGo, Amara Raja, AU Bank, ZEEL, Prestige Estate and RBL Bank

Indian benchmark indices managed to post modest gains during the trading session on Tuesday amid mixed domestic and global cues. BSE’s Sensex rose 131.18 points, or 0.17 percent, to settle at 77,341.08. NSE’s Nifty50 index added 36.75 points, or 0.16 percent, to end the session at 23,537.85. Here are the stocks that may still be in the spotlight before the opening bell on Tuesday, June 25, 2024:

Maruti Suzuki India: The country’s largest car manufacturer has received a show-cause notice seeking Rs 5.4 crore from the Goods and Services Tax Authority, Gujarat, for the period from July 2017 to March 2023 for denying input tax credit for certain services.

InterGlobe Aviation: Budget airline operator IndiGo has doubled the frequency between Jeddah and Mumbai and will now operate 14 flights per week from August 15. With these additions, it will operate 42 flights per week to Jeddah from five cities in India.

Amara Raja Energy & Mobility: The auto parts maker’s subsidiary Amara Raja Advanced Cell Technologies has signed a technical licensing agreement with GIB EnergyX Slovakia sro, a subsidiary of Gotion High-Tech Co. As part of the agreement, GIB EnergyX will license Gotion’s world-class LFP technology for lithium-ion cells to Amara Raja Advanced Cell.

RBL bank: The private lender’s board will meet on June 27 to consider a proposal to raise funds through QIP and issue debt securities in one or more tranches on a private placement basis.

AU Small Financial Bank: The private credit bank said its board will meet on June 27 to consider raising funds through private placement, QIP, preferential allocation or other alternative method. The board will also consider borrowing or raising money through debt instruments.

Prestige Estates projects: The Bengaluru-based real estate developer has selected four investment banks – Kotak Mahindra Capital, JP Morgan, JM Financial and CLSA – as advisors for its large qualified institutional placement (QIB) through which it aims to raise up to Rs 5,000 crore, according to media reports. sources. The QIP is likely to be launched in July-August this year.

Zee Entertainment Companies: Zee Media Kenya, the media giant’s wholly owned subsidiary, was incorporated in Kenya.

Satin Creditcare network: The microfinance institution has received board approval for the appointment of Monoj Agrawal as Chief Financial Officer (CFO) with effect from July 1, replacing Rakesh Sachdeva, who is retiring as CFO with effect from June 30. The board proposed raising funds through non-convertible bonds. up to Rs 5,000 crore in one or more tranches.

Craft automation: The car company has entered into a Memorandum of Understanding (MoU) with Sunbeam Lightweighting Solutions and Kedaara Capital Fund II LLP to acquire all or part of Sunbeam’s business (excluding certain specific assets in Gurugram) in one or more tranches .

Borosil: The glassware company on June 24 announced the opening of its qualified institutional placement (QIP), with a floor price of Rs 331.75 per share. In January, the board had approved raising funds of up to Rs 250 crore through QIP.

Shalby: The hospital chain has terminated its franchise agreement with Madhuban Orthopedic & Multispecialty Surgical Hospital, Udaipur, due to violation of various terms of the agreement by the franchisee (Madhuban Orthopedic). This will not have any significant financial consequences for the company’s financial position.

Muthoot Capital Services: The microfinance company has received board approval to initiate registration as a corporate agent with the Insurance Regulatory and Development Authority of India (IRDAI).