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Govt plans to sell 3.5% stake in Hindustan Aeronautics through OFS:

The government plans to sell up to 3.5 percent of its stake in aerospace and defence company Hindustan Aeronautics (HAL) through an offer for sale (OFS) to raise over Rs 2,867 crore this fiscal, according to an exchange filing on Wednesday. It owns a 75 percent stake in HAL. The 3.5 per cent stake sale comprised 1.75 per cent as the base offer and 1.75 per cent as an additional option. The offer will open on March 23 and will continue till March 24th.According to the regulatory filing, the government has proposed to sell 1.75 percent of its equity shares of face value of Rs 10 each on March 23 and March 24 for non-retail investors and an additional 1.75 percent stake “in event the oversubscription option is exercised.”.

PFC signs agreement with Japan's JBIC for project loan of Rs 165 cr:

Power Finance Corporation has inked a pact with Japan Bank for International Cooperation (JBIC) for a project loan of JPY 2.65 billion or about Rs 165 crore. Under this facility, JBIC has proposed to finance some of PFC's projects which ensure effective reduction of greenhouse gas emissions and conservation of the global environment. This pact was executed under a general agreement signed between PFC and JBIC for JPY (Japanese Yen) 30 billion.

Hero MotoCorp to hike prices by up to 2%:

Hero MotoCorp on Wednesday said it will increase prices of its model range by around 2 per cent from next month in order to offset the impact of rise in production cost in order to conform to stricter emission norms. The company will make an upward revision in the ex-showroom prices of its select motorcycles and scooters, effective from April 1, 2023, the country's leading two-wheeler maker said in a statement.

Max Financial Services' Promoter Entity Sells Shares Worth Rs 94 Crore:

A promoter entity of Max Financial Services Ltd. on Wednesday off loaded the company's shares worth Rs 94 crore through an open market transaction. According to the block deal data available with the National Stock Exchange, Max Ventures Investment Holdings sold 14,99,997 shares of MFSL. The shares were disposed of at an average price of Rs 629.75 apiece, taking the aggregate value to Rs 94.46 crore

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