Piramal Enterprises: Healthcare major Piramal Enterprises on Wednesday announced that its subsidiary Piramal Finance Ltd (PFL) has sanctioned an additional Rs 700 crore to renewable energy firm ACME Solar Holdings.
HDFC: HDFC Property Fund is in advanced talks with prospective buyers to sell its stake in The Windflower Resorts and Spa for about Rs 100 crore, nearly three times its investment of Rs 30-35 crore, people aware of the development said. HDFC Property Fund, the private equity arm of HDFC LtdBSE 0.63 % set up in 2005, had acquired about 20 per cent stake in Windflower Resorts and Spa, said one of the persons, who did not wish to be identified.
BHEL: Global financial services firm Citi has maintained ‘Sell’ on BHELBSE 2.05 % with a target price of Rs 133 per share.
JSW Steel: HSBC has maintained ‘Buy’ on JSW SteelBSE -0.26 % with a target price of Rs 220 per share.
Punjab National BSE 3.87 % Bank: Nomura upgraded Punjab National BankBSE 3.87 % (PNBBSE 3.87 %) to ‘Buy’ with a target price of Rs 180 per share.
Hero Moto Corp: India’s largest two-wheeler maker Hero MotoCorp has begun developing Bharat Stage (BS) VI compliant models as it aims to introduce such products much before the official timeline of 2020.
Bharti Airtel: The telecom major may revive a plan to sell a controlling stake in tower arm Bharti Infratel in an effort to pare over $14 billion of debt and release funds for network expansion, people familiar with the matter said.
Vedanta: According to media reports, the government has asked Vedanta to make a buyback offer for Cairn UK’s 9.8 per cent equity in the company.