Stocks in the news: Suzlon Energy, Jain Irrigation, DLF, SBI, IndusInd Bank and Jet Airways

Source: economictimes.indiatimes.com

NEW DELHI: Nifty futures on the Singapore Exchange are trading 10 points, or 0.09 per cent, higher at 11,764, indicating a flat start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Suzlon Energy: The company has told its lenders that Canadian investor Brookfield is keen to acquire majority stake in it, which would help the cash-strapped renewable energy company settle its loans if the lenders were to give a waiver. Suzlon has offered a one-time settlement proposal to its lenders.

Jet Airways: Insolvency proceedings have been initiated against debt-ridden Jet Airways, which formally stopped flying on April 17 and saw lenders voting for bankruptcy earlier this month.

Jain Irrigation: Global ratings agency Fitch Ratings Friday downgraded Jain Irrigation Systems on concerns around its debt levels and aggressive growth pursued by the management. The Jalgaon, Maharashtra-based micro- irrigation company rating now stands at ‘B-‘ as against the ‘B+’ earlier and the new rating has also been put the ratings on ‘rating watch negative’ (RWN).

DLF: Singapore’s sovereign wealth fund GIC is strengthening its alliance with India’s largest listed realty developer DLF as it seeks to participate in helping build the country’s biggest retail mall of more than 2.5 million sq ft.

SBI: Six private equity funds including PremjiInvest, Carlyle, ChrysCapital and GIC of Singapore, are among those in the shortlist for picking up a 26 per cent stake in SBI General Insurance that will cost the acquirer about Rs 3,000 crore