Stocks in news: TCS, L&T Finance, AB Sun Life, Tata Steel, P&G India

Benchmark indices closed higher in a highly volatile trade on Monday as investors turned cautious ahead of the US Fed's interest rate decision. In today's trade, shares of L&T Finance, AB Sun Life, TCS, Tata Steel, P&G India among others will be in focus due to various developments

L&T Finance
The Board of L&T Finance Holdings approved raising of Rs 1.01 lakh crore through issuance of non-convertible debentures in one or more tranches.

AB Sun Life
Promoters of AB Sun Life proposed to sell up to 11.47% stake in the company through an offer for sale, which opens on March 19.

Read more: Here's the trade setup for today's session

P&G India
P&G India announced the appointment of Kumar Venkatasubramanian as CEO, with effect from May 1, 2024. The current CEO, L V Vaidyanathan will leave the company to pursue personal interests.

Tata Steel
Tata Steel said it has decided to cease operations of the coke ovens at the Port Talbot plant in the UK. It will increase import of coke to offset the impact of the coke oven closures.

Sonata Software
Sonata Software announced that it has signed a joint Go-to-Market agreement with Zones LLC, a global provider of end-to-end IT solutions and cloud managed services.

Veritas (India)
Veritas (India) in consortium with Genesys International Corp received a letter of acceptance from Brihanmumbai Municipal Corporation (BMC) of Rs 156 crore for development, implementation, maintenance of 3D city model and change detection using geospatial technology.

TCS
Tata Sons, the holding company of India's largest software services exporter, is offering to sell 2.34 crore shares of TCS at a floor price Rs 4,001 per share in block deals worth about Rs 9,300 crore.