Stocks to Watch: RIL, GAIL India, Coforge, Shree Renuka, P&G Health

livemint.com:

Reliance Industries: Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest ₹8,278 crore ($1 billion) into the retail arm of Reliance Industries Ltd (RIL), marking a fresh round of investments into Reliance Retail Ventures Ltd (RRVL) after the country’s largest retailer raised ₹47,265 crore in 2021. QIA’s investment values RRVL at ₹8.28 trillion or $100 billion, twice its ₹4.21 trillion valuation in 2021. QIA’s investment will translate into a 0.99% stake in RRVL on a fully diluted basis, RRVL said on Wednesday.

GAIL India: State-owned Gail India plans a capital expenditure of ₹30,000 crore, mainly in pipelines, petrochemical projects and city gas distribution, over the next three years. The company's total capital expenditure for FY23 was ₹10,000 crore. We are targeting to incur a capex ₹30,000 crore in the next 3 years, mainly on pipelines, ongoing petrochemical projects, CGD projects, operational capex, equity contribution in group companies etc.," said Gail CMD Sandeep Kumar Gupta while addressing the shareholders at the AGM.

Coforge: Promoter Hulst BV intends to divest its 26.63% ownership in Coforge through a block deal, as reported by sources to CNBC Awaaz. The established floor price for this transaction stands at ₹4,550 per share, representing a 7.4% reduction compared to the closing price of ₹4,913 on the previous Wednesday. Hulst BV, a company registered in the Netherlands, is under the ownership and influence of funds associated with BPEA.