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    Stocks in the news: Lakshmi Vilas Bank, ONGC, DLF, RIL and Mahindra Logistics

    Synopsis

    Two overseas private equity players have bought stakes in cloud communication service provider Tanla Platforms.

    BSE 7 (1)
    Balloting on four final DHFL bids to decide the new owner of the debt-laden company was deferred after a city court halted the exercise.
    Nifty futures on the Singapore Exchange traded flat at 12,897.50, in signs that Dalal Street was headed for a muted start on Wednesday. Here are a few stocks which may buzz the most in today's trade:

    Lakshmi Vilas Bank: Singapore's DBS will infuse Rs 2,500 crore into DBS Bank India for the proposed merger with cash-strapped Lakshmi Vilas Bank (LVB), which was put under a moratorium on Tuesday.

    Mahindra Logistics: The service provider in supply chain management has set up a 'Built-to Suit' warehousing capacity in Kancheepuram district, the company said on Tuesday.

    Tanla Platforms: Two overseas private equity players have bought stakes in cloud communication service provider Tanla Platforms from GSO Capital Partners, the hedge fund and credit investment arm of Blackstone group, via block deals.

    DHFL: Balloting on four final bids to decide the new owner of the debt-laden company was deferred after a city court halted the exercise, probably to ascertain the views of the then industry regulator - and refinancier - that had advanced funds to the defaulting mortgage lender.

    ONGC: India's top oil and gas producer ONGC said its capital expenditure during the current fiscal is likely to be close to the Rs 32,500-crore target as it is doubling efforts to make up for the time lost due to the pandemic.

    DLF: Realty major DLF Ltd on Tuesday said it has been recognised as an index component of the Dow Jones Sustainability Indices (DJSI) in the emerging markets category.

    Reliance Industries: Reliance Jio has urged telecom regulator Trai to work out a mandatory schedule for periodic spectrum auctions to ensure that telecom operators do not have to wait long for radiowaves to meet their network requirements.

    BPCL: Bharat Petroleum, which is the national coordinator for ethanol blending by state-owned refiners, is confident of meeting the new government target of blending 10 per cent biofuel with petrol by 2022 with the latest addition of maze to the list of feedstock for the green fuel.

    Embassy Office Parks REIT: The first listed REIT and the largest such entity in the country acquired a 9.2 million square feet Embassy TechVillage in Bengaluru from the Embassy Group, Blackstone and other investors for Rs 9,782.4 crore.

    Eveready Industries: IndusInd Bank has sold 2.4 million shares of Eveready Industries India, Reuters reported.

    Action Construction Equipment: Vantage Equity Fund, managed by Kenneth Andrade’s Old Bridge Capital, bought 6.31 lakh shares of Action Construction Equipment in a bulk deal on Tuesday.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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