Oil
India, Bandhan Bank, Lumax Auto, Mindtree, Majesco, HDFC, DHFL
Oil India |
Vodafone Idea | HUDCO | NHPC| REC| HDFC and DHFL are stocks, which are in news
today.
Lumax Auto Technologies: Company decided for discontinuation
of the PCB manufacturing w.e.f. April 1, 2019. In addition, the board has also
approved the disposal of plant and machinery to Lumax Industries relating to
PCB Business on arm’s length basis and not below its book value.
Jaiprakash Associates: Board approved the re-appointment of
Manoj Gaur, Executive Chairman & CEO and Sunil Kumar Sharma, Executive Vice
Chairman for a further term of three years.
Future Consumer: Company announced redemption of
non-convertible debentures.
Oil India
-Joint Venture Partners of Mozambique Rovuma Offshore Area 1, concludes over
9.5 MMTPAof LNG Sale and Purchase Agreements
Mindtree to
consider proposal of buyback on March 20
Karnataka Bank: The bank partners with Karvy
DigKonnect for contact centre services.
Grasim
Industries received an order issued by the DCIT raising a demand of Rs.
5,872.13 crore on account of dividend distribution tax
Kesoram Industries: The company's rating pertaining to
that portion of its long term/short term banking facilities as been assigned to
CARE Ratings Limited for rating has been revised to BB+/ A4+ (under credit
watch with developing implications).
Majesco: Board approved to sell, transfer and
dispose of, as a going concern and on a slump sale basis, the company's India
Insurance Products & Services Business to Majesco Software and Solutions
India Private Limited, a step-down subsidiary of the company, for a lump sum
consideration of Rs 24.4 crore.
Kotak
Mahindra Bank approved re-appointment of Prakash Apte and Uday Shankar as an
independent directors of the bank
The Bank
approves dividend on 100 crore preference shares
Mishra Dhatu
Nigam: Board declared payment of Rs 1.68 per share as the first interim
dividend on equity shares for the financial year 2018-19 and fixed March 26 as
the record date for dividend payment.
SAIL: CARE has assigned AA- outlook stable
to company's long term fund based facility (term loan).
Bandhan
Bank/Gruh Finance received No Objection from the RBI for the amalgamation of
GRUH Finance into and with Bandhan Bank
HDFC- RBI
has granted in-principle approval to the company for acquisition of 9.9% or
less of the paid up voting equity capital of Bandhan upon the effective date of
the scheme
Indostar
Capital approved NCD worth Rs 15 crore on private placement basis
Indo Amines: 'No observation' letter has been
received from BSE for proposed amalgamation amongst Core Chemical (Mumbai)
Private Limited and Key Organics Private Limited with Indo Amines Limited, so
as to enable the company to file the scheme with NCLT.
DHFL: Special Committee of the board of
directors accorded approval to disinvest to Olive Vine Investment Limited an
affiliate of the Warburg Pincus Group.
Santosh
Sharma (currently the CFO) will assume a new role as the Head - Corporate
Strategy.
India
Ratings & Research revised rating on long term bank loans of Religare
Enterprises to IND B+/RWN from IND BB/RWN, while on short term bank loan rating
revised from IND A4+/RWN to IND A4/RWN
J&K Bank
executed share purchase agreement with Oman India Joint Investment Fund II for
sale by the Bank 4,11,11,111 crore equity shares of PNB MetLife India Insurance
Company at a total consideration of Rs 185 crore
Lupin:
Subsidiary Novel Laboratories Inc. has received a letter from the USFDA
classifying the inspection conducted at its Somerset (New Jersey) facility in
December 2018 as Official Action Indicated (OAI). The US FDA has stated that
this facility may be subject to regulatory or administrative action and that it
may withhold approval of any pending applications or supplements in which this
facility is listed.
NHPC
approved raising of fund through External Commercial Borrowing (ECB) in JPY
equivalent to USD 100 Million from MUFG Bank
REC board
meet on March 20, 2019, to consider a proposal relating to market borrowing
programme for the financial year 2019-20
Prakash
Industries - National Law Company Law Tribunal sanctioned the demerger scheme
of company's business of PVC Pipes & Fittings and Flexible Packaging into
Prakash Pipes
Cadila Healthcare: Zydus receives final approval from
the USFDA for Valsartan and Hydrochlorothiazide tablets.
Mirc
Electronics: Vishal Barot has resigned as Chief Financial Officer (CFO) of the
company due to personal reasons.
Punjab &
Sind Bank reviewed MCLR w.e.f. March 16, 2019
Zuari Global: Company has acquired around 48.98
percent shares of Forte Furniture Products India Private Limited (FFPL) from
Indian Furniture Products Limited (IFPL), subsidiary of the company.
HUDCO
further raised funds of Rs 5320 crore through Issue of Government of India
Fully Serviced, Unsecured, Taxable HUDCO Bonds Series V-2018
Vodafone
Idea board meet on March 20 to consider, discuss and decide, various matters in
connection with the rights issue
India rating
& research downgrades rating on NCD to IND A+ with rating watch negative
(RWN)
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