Stocks in News - 17th Sept 2021 1) Banking stocks: The govern | Groww

Stocks in News - 17th Sept 2021

1) Banking stocks: The government has approved extending a guarantee of Rs 30,600 crore to the National Asset Reconstruction Company or the bad bank.

2) Hero Moto: The company will hike its prices across a range of motorcycles and scooters up to Rs 3,000 with effect from September 20.

3) Biocon: Biocon Biologics Limited (BBL), a subsidiary of Biocon Limited, has approved the merger of Covidshield Technologies Private Limited with, and into BBL.

4) TVS Motor Company: The company has obtained a majority stake in the EGO Movement, a swiss e-bike company.

5) JSW Steel: The company has raised $1 billion by issuing sustainability-linked bonds in the offshore market.

6) Kotak Mahindra Bank: Kotak Mahindra Group has acquired the vehicle loan portfolio of Volkswagen Group’s Volkswagen Finance Pvt Ltd.

7) Hindustan Copper: The Offer for sale of the company by the Indian Government for non-retail investors reportedly received 141% demand as compared to the shares on offer.

The OFS for retail investors opens today.

8) Poonawalla Fincorp: Abhay Bhutada, Poonawalla Fincorp’s Managing Director, has resigned from the board of the company effective September 16.
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