Stocks to watch: Spicejet, HDFC, Indage Vintners, NHPC, Ashok Leyland

MUMBAI: US investment fund Bravia Capital Partners has proposed to pump $40 million into SpiceJet, answering the country's second-largest low-cost carrier's call for funds to expand operations.

Housing Development Finance Corporation’s board of directors will consider a proposal for stock split when it meets next on May 3.

Troubled wine-maker Indage Vintners, formerly Champagne India, will receive fresh capital and rejig its debt to lower interest and repayment burden. The company got a second lifeline on Wednesday with the corporate debt restructuring cell, comprising local banks, approving its proposal to restructure the loans

NHPC has been signed an MoU with Government of Manipur and SJVN for formation of a Joint Venture Company for implementation of 1500 MW Tipaimukh Hydroelectric (Multipurpose) Project in Manipur. NHPC Ltd., SJVN Ltd. and Government of Manipur shall have a share holding of 69%, 26% and 5% respectively.

Results diary: Ashok Leyland, Biocon, Bata India, Siemens, Ultratech Cement, Cadila Health, Ceat, CESC, Hanung Toys, HCL Infosystems, Siemens, Ultratech Cement, Hexaware Tech, Indiabulls Real Estate, IOB, Mahindra Ugine, MRF, NELCO, Oriental Bank, Parsvnath Developer, Phoenix Mills, Puravankara Project, United Phosphorous.