Vodafone Idea, Eveready Industries, Wockhardt and other hot stocks on March 4

Mar 4, 2022

By: Rounak Jain

Credit: BCCL

Vodafone Idea

To raise ₹4,500 crore indirectly via promoters Vodafone Group Plc., and Aditya Birla Group by issuing preferential equity shares at ₹13.3 apiece, which is at a premium of ₹3.3 per share.

Credit: BCCL

Eveready Industries

Its chairman and managing director have resigned following an open offer by the Burman group to acquire a 26 percent stake in the company.

Credit: Eveready Industries


To issue three right shares for every 10 shares held in the company, at an exercise price of ₹225 per share. The issue opens on March 15 and closes on March 22.

Credit: Wockhardt

Axis Bank

Teamed up with development consulting group IPE Global to offer finance facilities worth up to $150 million to health firms, which would otherwise not have access to affordable finance options.

Credit: Axis Bank


Teamed up with NSE to offer unsponsored depository receipts, or NSE IFSC receipts, allowing Indians to invest and trade in US stocks.

Credit: BCCL


Its promoters have reportedly decided to sell the company and part ways.

Credit: UPL


To raise ₹1,856 crore via loans to fund its hydel power project in Himachal Pradesh and a solar power project in Uttar Pradesh.

Credit: SJVN

Themis Medicare

Received approval from the Drug Controller General of India for its antiviral drug Viralex used in the treatment of COVID-19.

Credit: Themis Medicare

KEC International

Bagged new orders worth ₹1,131 crore across its businesses.

Credit: KEC International

UPL, Wipro, Vedanta, Future Retail and other hot stocks on March 3