Easy Trip Planners: The stock will make market debut on Friday. The Rs 510 crore issue, which was sold from March 8 to March 10, was a big hit among investors, receiving a whopping 159.33 times bids. The scrip was trading with a premium of Rs 150-155 in the grey market, an official market for unlisted shares.
Reliance Industries, Future Retail: The Delhi High Court upheld the Singapore Emergency Arbitrator’s (EA) order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon.
Bharti Airtel: Investment firm TPG’s Rise Fund will invest $200 million (around Rs 1,450 crore) in Airtel Africa’s mobile money business, Airtel Mobile Commerce BV, at a valuation of $2.65 billion, Airtel said.
Tata Steel, : UBS has upgraded its ratings on steel stocks — Tata Steel and JSW Steel — from ‘neutral’ to ‘buy’ as the domestic businesses of both the companies reported their highest ever operating profit in the December quarter. The brokerage increased its price target for JSW from Rs 310 to Rs 500 and for Tata Steel from Rs 415 to Rs 900.
PG Electroplast: Electronic manufacturing services and plastic moulding service provider
(PGEL) on Thursday announced investing Rs 100 crore in two years to expand its existing Ahmednagar plant.
Dalmia and Industries: The company said it has forayed into business-to-consumer segment and announced the launch of its packaged sugar under the brand name Dalmia Utsav.
Varroc Engineering: Auto component maker
said it has entered into a contract manufacturing agreement with Vancouver-based Delta-Q Technologies Corp.
IRCTC: The Federation of Hotel & Restaurant Associations of India (FHRAI) and the Indian Railway Catering and Tourism Corporation said they have partnered to offer hotel accommodations to tourists.