Stocks in the news: Bharti Airtel, ZEE, Adani Ports, Jubilant Ingrevia and IDFC

Nifty futures on the Singapore Exchange traded 103.50 points, or 0.59 per cent, higher at 17,656.50, signaling that Dalal Street was headed for a gap-up start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade:

Bharti Airtel: Telecom operator Bharti Airtel’s Rs 21,000 crore rights issue will open on October 5, according to a regulatory filing. The company has fixed September 28 as the record date for rights entitlement in the issue.

Kalpataru Power Transmission: BSE-listed Kalpataru Power has won an arbitration award of more than $32 million (about Rs 236 crore) against the Rwanda Energy Group.

Adani Ports: The Adani group company has concluded acquisition of the remaining 10.4 per cent stake in Gangavaram port from the Andhra Pradesh government for Rs 645 crore.

Vodafone Idea: The telecom firm will seek board approval afresh to raise funds after the government issued detailed guidelines on telecom reform measures, and its promoters will get a chance to participate in the fundraising round, a top official of the company said on Wednesday.

Jubilant Ingrevia: The company said its subsidiary Jubilant Life Sciences International Pte has divested its 10 per cent stake in Safe Foods Corporation for a consideration of $18.2 million or around Rs 134.2 crore.

IDFC: Shareholders of IDFC rejected the re-appointment of former CAG Vinod Rai as non-executive chairman of the company. The votes were cast at the company’s 24th Annual General Meeting (AGM) on Wednesday for his re-appointment as non-independent non-executive director up to May 22, 2023.

Zee Entertainment: The merger of

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with Sony Pictures Network India (SPNI) will see the former’s promoters get an additional 2 per cent stake as part of a non-compete agreement, while the appointment of Punit Goenka as MD and CEO of the merged entity was an “integral” part of the deal, Zee investors were informed on Wednesday.

MCX: In a first, largest commodities bourse MCX is creating the post of chief operating officer, and the new appointment will be announced as early as early next month, a top exchange official has said.

Ashok Leyland, Federal Bank: Commercial vehicle maker and Hinduja Group flagship Ashok Leyland announced signing an initial pact with private sector lender Federal Bank for a strategic partnership for vehicle financing.

Infosys: The second largest It firm announced a strategic collaboration with Amazon Web Services (AWS) to develop quantum computing capabilities and use cases.

CPCL: Chennai Petroleum Corporation Ltd, (CPCL), belonging to IndianOil Corporation Ltd, has begun work on a 9 MMTPA refinery and petrochemical complex being set up at an estimated investment of Rs 31,580 crore in Nagapattinam, Tamil Nadu, the company said on Wednesday.



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