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Stocks to track in trade for June 15, 2022: Bajaj Auto, LIC, NTPC, M&M, Jindal Steel and Power, GR Infra
Shekhar Bajaj resigns from Bajaj Auto board wef 30 June 2022; GR Infra says FIR was filed against the company and its three officials who are now under arrest.
Ashesha Adhvaryu
Updated Jun 15, 2022, 08:13 IST
Stocks to track in trade for June 15, 2022: Bajaj Auto, LIC, NTPC, M&M, Jindal Steel and Power, GR Infra.
Bajaj Auto
During market: Informed Deferred Buy Back Proposal
Resignation of Shekhar Bajaj as Non-executive Director wef 30 June 2022
Looking at different ways of returning surplus cash to its shareholders
June 14 meeting was time bound and hence deferred.
Board asked for some more dimensions of the buyback to be explored
M&M
NCLT Directed convening of meeting of the Equity Shareholders on 19th August, 2022
to consider the proposed Scheme of Merger by Absorption of Mahindra Electric Mobility Limited with company
Jindal Steel and Power
Steel sales of 5.25lakh tonnes increased 5% Y-o-Y in May
Production of 6.98 lakh tonnes were 1% higher Y-o-Y
Exports accounted for 21% of sales in May 22
GR Infra
Company says a FIR was filed against the company and its three officials who are now under arrest.
CBI summoned the Chairman on 14.06.2022, and he duly appeared.
No impact on business operations.
NTPC
Commercial Operation of second part capacity of 15 MW out of 56 MW Kawas Solar PV Project wef 15.6.22
LIC, Hero MotoCorp, HUL
Increased shareholding in Hero Motocorp from 9.163% to 11.256% at an average cost Rs 3050/sh
Increased shareholding in HUL from 4.995% to 5.008% at an average cost Rs 2206/sh
Indian Overseas Bank
Board meet today to consider fund raise
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