Moneycontrol PRO
X

business

IndusInd Bank, Aarti Pharmalabs, Gensol Engineering, Power Mech Projects | Stocks on Radar

IndusInd Bank: The private sector lender is selling its MFI retail loan pool worth Rs 1,573 crore on a 100% cash basis to improve liquidity and optimize its balance sheet. Aarti Pharmalabs: Abakkus Asset Manager, led by ace investor Sunil Singhania, buys a 1.18% stake in Aarti Pharmalabs for Rs 61.52 crore, while promoters sell 1.1% stake for Rs 57.5 crore. Gensol Engineering: Secures a contract worth Rs 897.47 crore from NTPC Renewable Energy to develop 225MW solar PV projects in Gujarat. Power Mech Projects: Bags an order worth Rs 186 crore from Jaiprakash Power Ventures to provide operation and maintenance services for Jaypee Nigrie Super Thermal Power Plant. Jubilant FoodWorks: Signs an MoU with Coca-Cola India to buy its portfolio of sparkling beverage products and certain other products, also undertaking marketing activities.

first published: Dec 27, 2024 08:44 am

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347