Buzzing Stocks | Bajaj Finance, Hero MotoCorp, Indian Oil, and others in news today – MoneycontrolBy Kalpana Warrier on November 28, 2022 Stocks to Watch: Check out the companies making headlines before the opening bell. Bajaj Finance: The company has entered into a share purchase agreement to acquire up to 40% stake in Snapwork Technologies by way of primary and secondary transactions. The company intends to strengthen technology roadmap through this acquisition which will be completed by December 2022. The acquisition cost is Rs 93 crore. Hero MotoCorp: The company has decided to make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective from December 1, 2022. The price increase will be up to Rs 1,500 and the exact quantum of increase will vary by specific models and markets. This will help the company offset any further cost impact, and drive improvement in margins. L&T Finance Holdings: L&T Finance Holdings has completed 100 percent stake sale in subsidiary L&T Investment Management and received Rs 3,484 crore ($425 million) as consideration for the sale of L&T Investment Management from HSBC Asset Management (India). The company also realised surplus cash balance of Rs 764 crore in L&T Investment Management. Va Tech Wabag: The water technology Indian multinational company has signed an agreement with Asian Development Bank (ADB) towards raising Rs 200 crore through unlisted non-convertible debentures (NCD). The NCDs carrying a 5 years and 3 months tenor will be subscribed by ADB over a 12 month period. This will be ADB’s first investment in a water sector company in India. Shriram Properties: Subsidiary Shriprop Builders has acquired 100% stake in Suvilas Realities, a real estate company at Bangalore. The deal value is Rs 30 crore for 100% stake in Suvilas Realities. Suvilas Realities is developing a high rise residential apartment project Suvilas Palms at Jalahalli, Bangalore. Indian Oil Corporation: The oil marketing company has raised Rs 2,500 crore by issuing 25,000, 7.44% NCDs of Rs 10 lakh each on private placement basis. IOC will utilise funds for refinancing existing borrowing or funding capital expenditure. Indian Energy Exchange: The company has received approval from its board of directors for the proposed share buyback worth Rs 98 crore. The buyback price is Rs 200 per share and the maximum number of shares to be bought back would be up to 49 lakh shares. Venus Pipes & Tubes: BNP Paribas Arbitrage has picked up 3.2% stake or 6.5 lakh shares in the company via open market transactions at an average price of Rs 650 per share. The stake acquired is worth Rs 42 crore. However, investor Hemant Rajanikant Shah sold 6.5 lakh shares at same price. JK Cement: The cement company has increased its cement grinding capacity by 2 million tonnes per annum as its subsidiary Jaykaycem (Central) has successfully commenced cement grinding capacity at its newly set up cement manufacturing facilities in Uttar Pradesh. Lemon Tree Hotels: The company has signed a License Agreement for a 42 rooms hotel in Jamshedpur. The hotel is expected to be operational by end of September, 2023. Its hotel management arm Carnation Hotels will be operating this hotel. Muthoot Finance: The company will raise Rs 300 crore via public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each. The issue is with a base issue size of Rs 75 crore with an option to retain oversubscription up to Rs 225 crore aggregating up to tranche limit of Rs 300 crore. The issue will open on November 28 and will close on December 19. Moneycontrol News Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on WhatsApp (Opens in new window) Published in News, Real Estate and Technology Kalpana WarrierMore from NewsMore posts in News »€500 million in private sector investments headed for Ukraine€500 million in private sector investments headed for UkraineRBI asks banks to share information on exposure to Adani Group companies – Business StandardRBI asks banks to share information on exposure to Adani Group companies – Business StandardNSE puts some Adani firms under watch: What is additional surveillance mechanism (ASM)? – The Indian ExpressNSE puts some Adani firms under watch: What is additional surveillance mechanism (ASM)? – The Indian ExpressHindenburg bet against India’s Adani puzzles rival U.S. short sellers – Reuters IndiaHindenburg bet against India’s Adani puzzles rival U.S. short sellers – Reuters IndiaGautam Adani fails to calm investors as market wipeout hits $100 billion – CNNGautam Adani fails to calm investors as market wipeout hits $100 billion – CNNMore from Real EstateMore posts in Real Estate »Market Live Updates: Sensex up 200 points, Nifty flat amid volatility; Adani Group stocks under pressure – MoneycontrolMarket Live Updates: Sensex up 200 points, Nifty flat amid volatility; Adani Group stocks under pressure – MoneycontrolMarket Live Updates: Sensex falls 380 pts, Nifty below 17,500; Adani Group stocks under pressure – MoneycontrolMarket Live Updates: Sensex falls 380 pts, Nifty below 17,500; Adani Group stocks under pressure – MoneycontrolView: How the ‘Madoffs of Manhattan’ can unravel Gautam Adani’s empire – Economic TimesView: How the ‘Madoffs of Manhattan’ can unravel Gautam Adani’s empire – Economic TimesDLF plans to launch ₹7,500 crore worth premium housing project in Gurugram – BusinessLineDLF plans to launch ₹7,500 crore worth premium housing project in Gurugram – BusinessLineView: What Adani short seller Hindenburg can learn from Elliott – Economic TimesView: What Adani short seller Hindenburg can learn from Elliott – Economic TimesMore from TechnologyMore posts in Technology »Closing Bell: Nifty ends flat, Sensex rises 224 pts; FMCG gains, power stocks drag – MoneycontrolClosing Bell: Nifty ends flat, Sensex rises 224 pts; FMCG gains, power stocks drag – MoneycontrolMarket LIVE Updates: Indices trade higher with Nifty around 17,600; ITC top gainer – MoneycontrolMarket LIVE Updates: Indices trade higher with Nifty around 17,600; ITC top gainer – MoneycontrolBuzzing Stocks: Britannia, Coal India, Eicher Motors, others in news today – MoneycontrolBuzzing Stocks: Britannia, Coal India, Eicher Motors, others in news today – MoneycontrolWall St rallies as Fed’s Powell nods to easing inflation after rate hike By Reuters – Investing.comWall St rallies as Fed’s Powell nods to easing inflation after rate hike By Reuters – Investing.comTech Mahindra Q3 result: Net profit slips 5% to Rs 1,297 crore; new deal wins at $795 million – MoneycontrolTech Mahindra Q3 result: Net profit slips 5% to Rs 1,297 crore; new deal wins at $795 million – Moneycontrol