Stocks To Watch: IndiGo, Union Bank Of India, Go Digit And Others In News

Here are the key stocks to watch on June 12:InterGlobe Aviation: Rahul Bhatia’s InterGlobe Enterprises sold a 2 per cent stake in the budget carrier for Rs 3,367.30 crore. The deal was executed at an average price of Rs 4,362.04 per share. Citigroup bought 3.1 million shares for Rs 1,361 crore. The names of the other buyers weren’t disclosed.TVS Supply Chain Solutions: The company announced a new five-year strategic contract with Daimler Truck South East Asia Pte Ltd for Integrated Supply Chain Solutions (ISCS) service in Singapore. TVS SCS will establish a robust logistics solution for distributing spare parts and related items, streamline supply chain operations, and manage 8,000 SKUs and 65,000 order lines annually.Union Bank of India: The state-owned bank’s board has approved a proposal to raise Rs 10,000 crore, including Rs 6,000 crore from share sale, to fund its business growth. This includes raising equity capital not exceeding Rs 6,000 crore in tranches within the overall limit of Rs 10,000 crore through public issues, rights issues, or QIP.

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