Stocks in the news: RIL, Paytm, Delta Corp, SJVN and Antony Waste

Reliance Industries: The Mukesh Ambani led conglamerate is the leading contenders to acquire bankrupt

NSE 2.86 % Industries, said the source. RIL, in partnership with Assets Care & Reconstruction Enterprise, has offered a Rs 2,863 crore resolution plan that includes 10 per cent equity to lenders.

One97 Communications: The digital payments firm Paytm posted over four-fold jump in loan disbursals from its platform both in terms of numbers and value in the quarter ended December 31, 2021. Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter.

Aurobindo Pharma: The drug maker has initiated talks with private equity funds to sell a stake of around 30-35 per cent in its injectable business for R s4,500-5,250 crore ($600-700 million), as it plans value unlocking in its core businesses.


Finance: The leading NBFC raised $475 million by selling bonds to global investors as the financier of second-hand trucks sees credit demand accelerating. The proceeds will be used to expand loans with the company raising international money at a relatively cheaper cost.

PTC India: The electric utility firm has bagged a tender worth Rs 9 crore for providing power management services to Mumbai Port Trust for three years. In a statement, the company said the tender is worth Rs 9 crore.

RailTel Corporation of India: The state run railway player has declared an interim dividend at the rate of 17.5 per cent of paid-up share capital for the financial year 2021-22. The total pay-out of the dividend is around Rs 56 crore, the central government public sector unit under the Ministry of Railways said.

Life Insuerers: Increased insurance awareness post-Covid will help life insurers record modest growth in new business, however, an uptick in insurance premiums due to higher reinsurance rates will limit sales.

Industries: The rating agency ICRA has upgraded credit rating for the textile company’s long term bank facilities and reaffirmed credit rating for the short term bank facilities.

Antony Waste Handling Cell: The waste management player has reported an improvement in total operating revenue (tipping revenue from C&T, mechanical power sweeping and waste processing) for Q3 FY22 by approximately 22 per cent, and on a sequential basis, has remained stable.

SJVN: The state-owned power playersaid it has been given category ‘I’ licence for the inter-state trading of power in the entire country by the Central Electricity Regulatory Commission.


Unichem Laboratories: Porinju Veliyath-owned Equity Intelligence India acquired 54,850 equity shares in the company via open market transactions, increasing shareholding to 5.01 per cent from 4.93 per cent earlier.

5paisa Capital: The financial services players has reported consolidated profit at Rs 0.74 crore in Q3FY22 against Rs 3.18 crore in Q3FY21, revenue jumped to Rs 80.05 crore from Rs 49.56 crore during the period under review.

Gravita India: The board of directors of the non-ferrous metal player has approved to raise up to Rs 300 crore via qualified institutional placement (QIP) route.