PVR, INOX Leisure, GAIL, Emami among hot stocks to watch out for on March 28

Mar 28, 2022

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PVR, INOX Leisure

PVR and INOX Leisure set to merge as the board of directors of both the companies approved an all-stock amalgamation at their respective meetings.

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GAIL

The company has scheduled a meeting of its board meeting on March 31, 2022, to consider a proposal for buyback of equity shares.

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Bharti Airtel

The company will acquire a 4.7 percent stake in Indus Towers from Vodafone Group for about ₹2,388 crore.

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Emami

The fast moving consumer goods (FMCG) firm announced the acquisition of ‘Dermicool’, one of the leading brands in the prickly heat powder and cool talc category, from Reckitt for a total consideration of ₹432 crores.

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Manappuram Finance

The NBFC player is considering a fundraising program up to the overall limit of ₹7,800 crores through issuance of redeemable non-convertible debentures.

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Ruchi Soya

Today is the last day to subscribe for the follow-on public offer, which so far has been subscribed 37 percent by investors.

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Aster DM Healthcare

The company has signed a non-binding MoU with the government of Tamil Nadu to set up healthcare facilities in the state by investing up to ₹500 crore.

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Airline stocks

The resumption of regular international flights from March 27 after almost two years will bring more flights by airlines and thereby more revenue opportunities.

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Fino Payments Bank

The Reserve Bank of India (RBI) has granted approval for referring bank customers of Fino Payments Bank to Finwizard Technology for mutual fund distribution, and 5paisa Capital for demat and trading services under referral arrangement.

Credit: BCCL