The BSE Sensex and the NSE Nifty are set to open flat to higher on Monday, following mixed cues from Asian peers and firm trading in Nifty futures on the Singapore Exchange. At 8:05 AM, the SGX Nifty futures were trading 20 points, or 0.12%, higher at 17,211 on the Singapore Stock Exchange.
Here are the stocks that will be in focus on Monday, March 28, 2022:
PVR, INOX: The two multiplex chains have announced a merger to create a network of over 1,500 screens across 109 cities in India. INOX will merge with PVR in a share swap ratio of three shares of PVR for every 10 shares of INOX, subject to their shareholders approval, stock exchanges, SEBI, and other regulatory nods.
Reliance Infra, Reliance Power: Reliance Group Chairman Anil Ambani has stepped down as director of Reliance Power and Reliance Infrastructure, following the SEBI’s order restraining him from trading in securities or being associated with any listed companies. The two Reliance Group companies also announced the appointment of Rahul Sarin as an additional director in the capacity of independent director for a term of five years on the boards of RPower and RInfra.
Adani Total Gas: The gas distribution company has entered into electric mobility by launching its first electric vehicle charging station (EVCS) in Ahmedabad. The Adani group company plans to expand its network by setting up 1,500 EVCS across the country.
Bharti Airtel: The telecom major has proposed to acquire over 7% stake in Avaada KNShorapur for cash consideration of ₹1.74 crore. Avaada KNShorapur is a special purpose vehicle formed to own and operate captive power plants, in terms of the regulatory requirement for captive power consumption under electricity laws.
DLF: The real estate major reportedly plans to invest around ₹2,000 crore to construct two new shopping malls in Gurugram and Goa.
Reliance Capital: HDFC Ergo, Tata AIG, ICICI Lombard, Blackstone, Brookfield, TPG, and Nippon Life are among 54 companies have submitted their bid to acquire the profit-making insurance arms of Reliance Capital. The last day to submit expression of interest (EOI) was March 25.
Vodafone Idea: The shareholders of debt-laden telecom company have approved a proposal to raise ₹14,500 crore. Shareholders approved the proposal at the extraordinary general meeting held on Saturday.
Manappuram Finance: The Kerela-based NBFC has received its board approval to raise up to ₹7,800 crore in the next financial year. The capital raise plan includes issuance of redeemable non-convertible debentures by way of private placement or public issue in one or more tranches.
InterGlobe Aviation: Budget carrier IndiGo has launched 100 flights connecting key domestic metro cities and regional centres, starting from March 27, 2022.
GAIL India: The board of state-run gas utility firm will meet on March 31 to consider the buyback of shares - the second buyback in as many years.
Infosys: The IT major has refuted that it has any business relationships with local Russian enterprises. "Infosys has a small team of less than 100 employees based out of Russia, that services some of our global clients, locally. We do not have any active business relationships with local Russian enterprises," said the company statement.