Stocks to watch: Bharti Airtel, Wipro, Gammon India, MindTree, L&T, Kotak Mahindra Bank

MUMBAI: Banks are discussing a $7-billion, five-year, offshore loan to back Bharti Airtel’s $9-billion offer to buy Zain’s African cellular assets. The remaining $2 billion equivalent will come from the rupee market, the sources said, adding the currency mix was yet to be finalised.

Wipro Infotech, the domestic arm of Wipro Technologies, on Wedneday, bagged a Rs 100-crore IT contract from Punjab & Sind Bank, to integrate its branches with an IT network and implement Infosys’ core banking solution.

Construction firm Gammon India today said it has bagged a project worth Rs 137.28 crore from the International Society for Krishna Consciousness for construction-related works in West Bengal.

MindTree has decided to raise $100 million by way of debt. The board of directors of the company has also approved raising of equity by issuing 15 per cent of the current issued capital.

L&T's current order book is worth Rs 90,000 crore. The company is not looking at diluting stake or selling any of its business for raising funds.

Kotak Mahindra Bank will replace Grasim in Nifty from April 8.