Maruti Suzuki, Adani Enterprises, Metropolis, IDBI Bank among stocks to watch out for on June 7

Jun 7, 2022

By: Bhakti Makwana

Metropolis Healthcare

The diagnostics chain is looking to raise more than $300 million by selling stake. Billionaire Gautam Adani, Apollo Hospitals Enterprise, Amazon and Flipkart are potential bidders so far, according to Mint.

Credit: BCCL

Maruti Suzuki

The company has set up a 20 megawatt (MW) solar power plant at its Manesar unit. The initiative will contribute 28,000 MW per annum, which is equivalent to the energy required for the production of over 67,000 cars annually.

Credit: BCCL

Tata Motors

The automobile giant has bagged India’s biggest electric vehicle (EV) fleet order of 10,000 vehicles from BluSmart Electric Mobility.

Credit: BCCL

Bharti Airtel

The telecom operator’s subsidiary Nxtra Data will acquire 11.7 percent equity shares in Avaada MHAmravati Private.

Credit: BCCL

SBI Cards and Payment Services

The company’s Board of Directors has approved raising up to ₹2,500 crore by way of non-convertible debentures.

Credit: BCCL

Tech Mahindra

The IT firm has inaugurated an innovation and technology development centre in Muscat, Oman.

Credit: BCCL

IDBI Bank

The government sees banks and large non-banking financial companies as the most suitable contenders to participate in the sale of IDBI Bank, according to Business Standard.

Credit: BCCL

Adani Enterprises

West Bengal Industry Minister Partha Chatterjee said that the state government has given its nod to Adani Enterprises for setting up a hyper-scale data centre at Bengal Silicon Valley in the New Town area on the outskirts of the city.

Credit: BCCL

Infibeam Avenues

The fintech company announced it is expanding its presence in Australia by opening a new subsidiary Infibeam Avenues Australia to carry out business in the area of online digital payments and fintech services.

Credit: RBL-Bank

RBL Bank

BofA Securities Europe SA has acquired over 25.63 lakh additional equity shares in the Mumbai based bank through open market transactions.

Credit: RBL-Bank

Amid concerns of Jio-Airtel duopoly, analysts suggest new telecom bill empowers govt to maintain competition