Stocks in news: SBI, Godrej Consumer, Inox Wind, SBI Cards, IndiGo

A slew of stocks will be in focus due to the following reasons:

SBI
The Board of SBI will meet on June 9 to consider and approve for raising funds during FY24 through private placement mode by way of issuance of debt instruments.

Godrej Consumer
Godrej Consumer Board has approved the appointment of Aasif Malbari as Chief Financial Officer (CFO) of the company, effective August 10.

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Adani stocks
The Adani Group has reduced the debt on books by $2.65 billion through prepayment of share-backed loans and the loan taken to acquire Ambuja Cements.

Inox Wind
Inox Wind has issued a clarification after reports suggested that the company is likely to get blacklisted from the central electricity authority. The company said this is a routine operating matter and that the validation is in process.

SBI Cards
The Board of SBI Cards has approved a fundraising plan of up to Rs 3,000 crore through issuance of NCDs

Maruti Suzuki
India’s leading carmaker Maruti Suzuki has started work on two solar power plants at facilities.

Embassy REIT
Embassy REIT has successfully raised Rs 1,050 crore of non-convertible debentures at 7.77% coupon.

HG Infra Engineering
HG Infra Engineering has received the letter of acceptance from north central for a project worth Rs 677 crore.

IndiGo
IndiGo aims to carry 100 million passengers in the year ending March 2024, as the carrier adds more domestic and international routes, its CEO Pieter Elbers said.