IndiGo, TCS, Infosys and other hot stocks on February 21

Feb 21, 2022

By: Rounak Jain


Promoter Rakesh Gangwal resigned from the board of directors with immediate effect. He also noted that he plans to dilute his shareholding in the company over the next five years.

Credit: BCCL


Last day to buy shares of the company to be eligible for the stock buyback programme’s record date of February 23. The buyback price is set at ₹4,500.



Joined US-based insurtech company Guidewire as a consulting alliance member.

Credit: Infosys

Phoenix Mills

To acquire the remaining 50 percent stake in Classic Mall Development for ₹918 crore, which will make it a fully-owned subsidiary of Phoenix Mills.

Credit: Phoenix-Mills

Equitas Small Finance Bank

Raised ₹550 crore via qualified institutional placement.

Credit: Equitas-SFB

Federal Bank

Its subsidiary, FedBank Financial Services, has filed papers with SEBI to raise funds through an initial public offering.



Paid $14 million as interest on USD-denominated senior secured notes. It had missed this payment on the due date, which was January 24.

Credit: BCCL

Hinduja Global

Bagged a $281 million COVID-19 test and trace contract from the UK government's Health Security Agency.

Credit: Hinduja-Global

JMC Projects

To merge with Kalpataru Power Transmission in an all-equity deal. The merged entity will have a combined order book of ₹37,000 crore.

Credit: JMC-Projects

Zee Entertainment rallies sharply in one month on strong box office collection of ‘The Kashmir Files’ and on high hopes from Zee-Sony merger