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HDFC Bank, Welspun Corp and UltraTech Cement to see some action today

18 Apr 2022 Evaluate

HDFC Bank is planning to raise up to Rs 50,000 crore in the next one year by issuing bonds aimed at financing infrastructure and affordable housing loan requirements of the customers. The board has approved the issuance of perpetual debt instruments (part of additional tier I capital), tier II capital bonds and long term bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore.

Welspun Corp has won 26 KMT line pipe order from a long-standing customer in North America. This order will be executed from our US facility in Little Rock, Arkansas. This is a clear indication of a revival in the Oil & Gas business outlook in North America and the company is confident that many such opportunities, BOTH FOR SPIRAL AND HFIW PIPES, may emerge in near future. This is also a testimony of the trust customers have in Welspun Corp's systems, processes, quality and people to execute prestigious projects.

UltraTech Cement’s wholly-owned subsidiary -- UltraTech Cement Middle East Investments (UCMEIL) has invested $101.10 million (around Rs 839.52 crore) for a 29.39 per cent equity stake in the UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This is a ‘strategic investment’ for the company. This together with the existing shareholding, will result in UCMEIL holding 29.79 per cent of RAKWCT’s equity share capital.

SIS has signed Share Subscription Agreement for acquisition of 7.65% shareholding in Staqu Technologies. The company proposes to invest Rs 5 crore for acquisition of 7.65% shareholding (7,773 shares) in Staqu Technologies on a fully diluted basis in Compulsorily Convertible Preference Shares.

Tata Power Company and BlackRock Real Assets-led consortium, including Mubadala Investment Company (Mubadala), have entered into a binding agreement to invest in Tata Power’s renewable energy subsidiary, Tata Power Renewable Energy (Tata Power Renewables). BlackRock Real Assets, together with Mubadala, shall invest Rs 4,000 crore (around $ 525 million) by way of equity / compulsorily convertible instruments for a 10.53% stake in Tata Power Renewables, translating to a base equity valuation of Rs 34,000 crore. The final shareholding will range from 9.76% to 11.43% on final conversion.

Indiamart Intermesh has indirectly through its wholly owned subsidiary, Tradezeal Online (Tradezeal), agreed to acquire 75,000 0.0001% Compulsorily Convertible Debentures (‘CCDs’) in Truckhall (Superprocure). This investment shall be in line with the Company’s long-term objective of offering various software as a service (SAAS) based solutions for businesses.

Tech Mahindra has collaborated with Keysight Technologies, an advanced design and validation solutions provider that helps accelerate innovation to connect and secure the world, to certify 5G equipment of open radio access network (O-RAN) in Tech Mahindra’s 5G O-RAN test lab facility located in New Jersey, USA .

HDFC Bank Share Price

811.65 16.25 (2.04%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 811.65
ICICI Bank 1388.65
Axis Bank 1377.75
Kotak Mahindra Bank 381.50
Indusind Bank 856.45
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