Stocks In News On Monday.
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Stocks of Canara Bank, Brigade Enterprises Ltd., Tata Communications Ltd., GAIL India Ltd., and Fino Payments Bank Ltd. will catch investors' attention on Monday.
Here are the notable corporate announcements that came after Friday's market hours:
Stocks In News
- NCC: The Telangana High Court grants an interim suspension of the debarment order previously issued by NHAI.
- Fino Payments Bank: MD & CEO Rishi Gupta has been arrested under the CGST/SGST Act; CFO Ketan Merchant is appointed as the Head of Organisation.
- Canara Bank: The bank announces the issuance of Basel III compliant Tier II bonds worth Rs 5,000 crore.
- GAIL India: The company plans to set up a wind power project in Maharashtra with an investment of Rs 1,736 crore.
- Brigade Enterprises: The company launches a residential project in Chennai with an estimated Gross Development Value (GDV) of Rs 1,700 crore.
- Maruti Suzuki: The NCLAT hearing regarding the company has been adjourned to March 25, 2026.
- HG Infra Engineering: The company receives a Letter of Intent (LoI) from NHAI for a six-lane ring road project in Odisha worth Rs 1,582 crore.
- New India Assurance: The National Faceless Appeal Centre issues a favourable order, deleting a tax demand of Rs 672 crore for AY23.Fino Payments Bank: MD & CEO Rishi Gupta has been arrested under the CGST/SGST Act; CFO Ketan Merchant is appointed as the Head of Organisation.
- Tata Communications: The company's US-based arm, BUC Mobile, has been voluntarily dissolved.
- IRFC: The board will meet on March 9 to consider the borrowing plan for FY27; meanwhile, the retail portion of its OFS saw 1.55% subscription.
- Tata Steel: The company acquires 262 crore shares in its arm, T Steel Holdings, for a total consideration of Rs 2,402 crore.
IPO Listing
- Shree Ram Twistex: Shree Ram Twistex will make its debut on the stock exchanges on Monday. The IPO of the fertility services provider received 43.66 times subscription on the final day of share sale.
- Clean Max Enviro Energy Solutions: Clean Max Enviro Energy Solutions will make its debut on the stock exchanges on Monday. The IPO of the fertility services provider received 94% subscription on the final day of share sale.
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