RIL, Tata Motors, HCL Tech and PNB among top stocks to watch out for on December 7

Dec 7, 2021

By: Bhakti Makwana

Reliance Industries

RIL has raised $736 million through a green loan facility to fund its acquisition of Norwegian solar panel manufacturer REC Solar Holdings.

Credit: BCCL

Contd...

Australia and New Zealand Banking Group, DBS Bank, Credit Agricole, HSBC and MUFG were the lenders on the borrowing.

Credit: BCCL

Tata Motors

After Mercedes-Benz, Audi, Maruti Suzuki, now Tata Motors has increased the price of its vehicles in the range of 2.5 percent from January 1 because of the increase in commodity and raw materials costs.

Credit: BCCL

HCL Technologies

Noida-based information technology (IT) services firm has reportedly announced plans to create 12,000 new jobs in the US in the next five years.

Credit: BCCL

contd...

The company expects to recruit more than 2,000 graduates over the next 36 months as part of its US early career and training programme, Rise at HCL.

Credit: BCCL

Ujjivan Small Finance Bank

The small finance lender has appointed Ittira Davis as the managing director and chief executive (CEO) of the Bank for a period of three years.

Credit: BCCL

Parag Milk Foods

The manufacturer of dairy-based products in India informed that its application under the product linked incentive (PLI) scheme for mozzarella cheese segment has been approved. Under the PLI scheme, the maximum permissible amount of investment is ₹71 crore to be spread over the next six years.

Credit: BCCL

Punjab National Bank

The public sector lender has reportedly planned to raise up to ₹2,000 crore via additional tier I (AT 1) bonds.

Credit: BCCL

Interglobe Aviation (Indigo)

The airline firm has called for an extraordinary general meeting (EGM) on December 30 to scrap a clause in the company’s article of association, which gives them the right of refusal over acquisition of each other’s shares.

Credit: BCCL

Rain Industries

US-based Pabrai Investment Funds bought 2.05 percent stake in the company, increasing shareholding to 8 percent from 5.95 percent earlier.

Credit: GSS-Infotech

GSS Infotech

The IT company has acquired ‘farm-to-store’ retail chain Polimeraas for ₹250 crore in a cash and stock deal.

Credit: GSS-Infotech

Indo Count Industries and GHCL

Indo Count Industries acquired the home textile business of GHCL for ₹576 crore.

Credit: Indo-Count-Industries

IPO Watch

Software-as-a-service (SaaS) firm RateGain’s IPO has opened today.

Credit: BCCL

The Zepto Boys: Competition that Amazon never saw coming