Stocks to watch: Adani Ports, Ircon Int’l, Airtel, HDFC, PNB Housing Fin

Shrewd futures on the Singapore Stock Exchange traded 256 points, or 1.67% lower, at 15,039, indicating a start of a gap for benchmarks on Thursday.

Here are the main actions likely to be highlighted today:

Ports of Adani: On Wednesday, Adani Ports and Special Economic Zone, headed by Gautam Adani, announced the acquisition of Windy Lakeside Investment’s 31.5% stake in Gangavaram port for Rs.1954 crore. Windy Lakeside Investment is a subsidiary of global private equity firm Warburg Pincus.

Ircon International: Ircon’s Offer to Sell (OFS) was oversubscribed from the first day of issue by institutional investors. The issue will open to retail investors today. The government sells up to 16% of the capital at a floor price of Rs 88 per share in the PSU Ircon railway.

Bharti Airtel: The company raised $ 750 million through the issuance of “Senior Unsecured Fixed Rate Notes” to eligible investors.

Care assessments: The company announced the appointment of Sachin Gupta as Chief Rating Officer. Gupta joins the company after leaving his biggest rival Crisil, where he worked as a senior manager.

Bajaj Electricals, Mahindra Logistics: The two companies have signed a logistics optimization and outsourcing contract worth over Rs 1,000 crore for the next five years.

Indian Bank: CRISIL has revised Indian Bank’s Tier 1, Tier 2 and Infrastructure Bonds ratings from “negative” to “stable”.

HDFC: Mortgage firm HDFC also cut its interest rate offer on Wednesday, making credit 0.05% cheaper for its customers. “Top clients” with good credit histories will now be able to get new loans at 6.75% after the cut, regardless of the amount of home loans, officials said.

IRCTC: The company will be making trips through Golden Chariot starting March 14.

Mazagon Dock shipbuilders: The company will commission the 3rd Scorpene Karanj submarine on March 10 and have started sea trials of the first Visakhapatnam ship of the P-15B project, due for delivery later this year.

Housing Financing GNP: India Ratings revised the company’s NTM outlook to “Negative” from “Stable”, while affirming the rating as AA.

Bombay Burmah Trading Corp: The promoter Nowrosjee Wadia And Sons sold 3.61 lakh shares or 0.52% of the capital at Rs 1,186.30 per share.

Indian oil: The company plans to monetize its hydrogen production facilities to raise around Rs 10,000 crore, according to a news report.

GE Shipping: Great Eastern Shipping said it purchased a used Supramax bulk carrier of approximately 56,103 dwt. Japanese ship built in 2013 is expected to join the company’s fleet in the first quarter of fiscal 22

VST tillers: VST Tillers Tractors has entered into a share purchase agreement for investment in Series A preferred shares of Zimeno Inc. The recipient company is in the process of developing an electric self-driving tractor.

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