Maruti
Suzuki, Tata Motors, Cipla, Indoco Remedies, Welspun Corp, Embassy Office Trade Nivesh
IOL Chemicals | Inox Leisure | Titan
Company | GAIL | BHEL | Cyient and SRF are stocks which are in the news today.
Here are stocks that are in the news
today:
Listing: Embassy Office Parks REIT (IPO)
Auto sales:
Maruti Suzuki, Ashok Leyland, Escorts, Eicher Motors, etc in focus.
Dr Reddy's Labs: German drug regulator cleared Duvvada
formulations unit.
Welspun Corp: Company announced value unlocking of
approximately Rs 940 crore through the divestment of its plate and coil mill
division (PCMD) and its 43 MW power division.
Cipla:
USFDA issued 8 GMP observations and 10 observations pertaining to the PAI for a
novel technology product slated for approval beyond 2024 while inspecting
Kurkumbh plant.
Shriram Transport board meeting on
April 30, to consider raising of funds
Vikas WSP:
Company received sanction for 80 percent principle outstanding amount of Rs
97.75 crore of both these banks being Rs 78.20 crore to be paid by ACRE and 20
percent amount Rs 19.55 crore to be paid by the promoters aggregating to Rs
97.75 crore in all. Punjab National Bank account has already been operating as
standard w.e.f. April 2017.
Kolte-Patil Developers: Board declared
interim dividend of Rs 1.40 per share for the financial year 2018-19.
Havells India started commercial
production of air conditioners at its Ghiloth plant
Edelweiss Financial Services: Company
appoints Dr Ashima Goyal and Anita George as independent directors.
CreditAccess Grameen: Company
completed a securitization of Rs 93.83 crore. With this transaction, it
completed seven securitization and four Direct Assignment transactions totaling
to Rs 1,667.05 crore in FY19.
Titan Company: Company increased its
shareholding in subsidiary Carat Lane Trading Private Limited from 66.39
percent to 69.47 percent.
Jubilant Foodworks' director Ramni
Nirula resigns
Wipro - NCLT approved the scheme of
amalgamation for the merger of wholly owned subsidiaries
Inox Leisure: Company commenced
commercial operations of a multiplex cinema theatre taken on Leave and License
basis, in Chennai. The said multiplex cinema theatre has 8 screens and 1,820
seats.
J&K Bank transferred 4.11 crore
shares of PNB MetLife India Insurance Company to Oman India Joint Investment
Fund II for a total consideration of Rs 185 crore
Cyient:
Cyient Insights LLC, USA, a step down subsidiary of the company through Cyient
Insights Private Limited, has been dissolved.
IOL Chemicals: Board allotted 6,82,000 equity shares of Rs
10 each at a premium of Rs 195 per share to promoter Towels Enterprises
Limited.
Apollo Pipes: Virendra Singh Verma resigned from the post
of CEO of the company.
Vijay Kelkar resigned from the
directorship of the Lupin effective March 28, 2019.
Gujarat Gas:
India Ratings and Research revised company's outlook to positive from stable
while affirming its long-term issuer rating at AA.
Moody's assigns (P)Baa3 rating to
IndusInd Bank's Medium Tcrm Notes (MTN) Program
Tata Motors:
Company sold its shareholding in TAL Manufacturing Solutions to TASL at an
enterprise value of Rs 625 crore for the aerospace business and acquired non
aerospace business from TAL at a value of Rs 10 lakh.
Karnex Microsystems: Board approved further investment in
Avant-Garde Infosystems Inc., USA a 100% wholly owned subsidiary.
Zenith Fibres: Board approved buyback of upto 5.5 lakh
equity shares at a price of Rs 55 per share, aggregating to Rs 3.025 crore.
Lakshmi Vilas Bank revised MCLR w.e.f.
April 1
Garden Reach Shipbuilders &
Engineers: Company delivered its 100th Warship, a Landing Craft Utility (LCU),
L-56, to the Indian Navy.
GAIL, BHEL:
Companies signed MoU for development of solar based power project.
Mishra Dhatu Nigam: Company handed over bullet proof vehicles to
Central Armed Police Force at Midhani.
Muthoot Capital Services: Company completed a securitisation transaction
of Rs 38.86 crore. With this transaction, the company has so far raised total
funds of Rs 783.30 crore through securitization / direct assignment
transactions during the FY19.
CONCOR inaugurates its first
distribution logistics center at Ennore, Chennai
Mahindra & Mahindra: MSPE URJA SRL
with registered seat in Rovereto, Trentino, Italy, is incorporated in Rome,
Italy as a wholly owned subsidiary of Mahindra Susten Private Limited, which is
a wholly owned subsidiary of Mahindra Holdings Limited, which is a wholly owned
subsidiary of the company.
SRF:
Gujarat Pollution Control Board had issued directions under Water (Prevention
and Control of Pollution) Act to the company to close the operations of its
industrial plant at Dahej, Gujarat.
Blue Coast Hotels: Company announced acquisition of 8.5 crore
equity shares from IFCI Limited in subsidiary Silver Resort Hotel India.
Rushil Decor has received a closure
intimation from Gujarat Pollution Control Board (GPCB) to stop the
Manufacturing process of one of the Laminate Sheet manufacturing units
Reliance Capital: ICRA
revised its rating to A2 (on rating watch with negative implications) for the
short-term debt programme of the company.
Astec Lifesciences: ICRA upgraded / re-affirmed credit ratings
for Rs 455 crore line of credit (LOC) and Rs 100 crore commercial paper
programme of the company.
Darjeeling Ropeway Company: Company bagged sub-contract for construction
of 24 shades for district police offices/units at Ahmedabad and Surat City
worth of Rs 2.52 crore, and sub-contract for repair and maintenance of 73 boats
used by State Disaster Recovery Force, Emergency Response Centre, Municipal
Corporation and Gujarat District collectively. The total contract amount is Rs
71.9 lakh.
Mishra Dhatu Nigam - Handing over of
Bullet Proof Vehicles to Central Armed Police Force at MIDHANI
Crompton Greaves Consumer Electricals: CRISIL revised the credit rating of
non-convertible debentures of company.
JK Tyre:
Board alloted 1,94,17,400 equity shares to the constituents of the promoter
group of the company on preferential basis.
Phillips Carbon Black: ICRA
re-affirmed the long-term rating for the captioned Line of Credit (LOC) at AA-.
The outlook on the long-term rating is revised from stable to positive.
Galaxy Surfactants: Board declared interim dividend of Rs 5 per
share for the financial year 2018-19.
Suryalata Spinning Mills: Company
successfully installed and completed trailes on 22,000 spindles at Kalwakurthy
Unit. Consequent to this capacity expansion, the total capacity of spindles of
the company has been increased from 93,000 to 1,15,000.
Virinchi:
Company announced operational readiness of additional 50 beds of Banjara Hills
facility in Hyderabad taking the operational capacity to 400 beds.
Gayatri Highways' subsidiary
terminated its concession agreement with National Highways Authority of India
(NHAI) on the basis of Force Majeure (Political event)
Indian Bank:
Department of Financial Services, Ministry of Finance has issued notification
for amalgamation of Pallavan Grama Bank (sponsored by Indian Bank) and Pandyan
Grama Bank (sponsored by Indian Overseas Bank) in Tamil Nadu into a single
regional rural bank which shall be called as Tamil Nadu Grama Bank with its
head office at Salem under the sponsorship of Indian Bank.
SRF in process to close the operations
of its industrial plant at Dahej
IOL Chemicals: Company made the pre-payment of term loan of
Rs 20.05 crore due to banks in addition to regular payment schedule.
HEG:
Company announced completion of extinguishment/destruction of a total of
13,63,636 equity shares of company after buyback.
Havells India: Company started commercial production of air
conditioners at its Ghiloth plant.
Williamson Magor & Company:
Company announced acquisition of 20,11,500 equity shares of Rs 10 each of
Williamson Financial Services.
Rushil Decor: Gujarat Pollution Control Board (GPCB) issued
notice to stop manufacturing process of one of the laminate sheet manufacturing
units.
JM Financial: Company entered into a sale and purchase
agreement for acquiring equity shares of JM Financial Asset Reconstruction
Company Limited , a subsidiary of the company. With the acquisition, the
company's shareholding in JMFARC has increased to 59.25 percent from 57.07
percent.
GMR Infra
- Cancellation of 4 series Optionally Convertible Debenture (OCDs) by company
on March 28
Inox Leisure: Company commenced the commercial operations
of a Multiplex Cinema Theatre operated on lease basis in Bhubaneswar. The said
multiplex cinema theatre has 3 screens and 609 seats.
Ugar Sugar Works: Company is already holding 48.20 percent
stake in Ugar Theatre Pvt Ltd and now again has purchased up to 99 percent
stake in Ugar Theatre Pvt Ltd.
Amber Enterprises: Company extended the timeline to complete the
acquisition of balance stake of 51 percent in Ever Electronics by June 30, 2019
in one or more tranches.
JSW Energy:
Board after careful evaluation decided not to pursue electric vehicle business
and maintain capital cushion for growth opportunities in power and other
related businesses.
Jubilant Life Sciences: Company and IFC Mutually agree for settlement
of zero coupon convertible loan.
Indoco Remedies: USFDA cleared the
sterile manufacturing facility of finished dosages, located at Goa (Plant II).
CyberTech Systems and Software:
Overseas direct investment of $0.2 million is made in subsidiary Spatialitics
LLC, Delaware, USA.
Grasim Industries: Company acquired Soktas India for Rs 135
crore.
MCX India: Board approved the
appointment of PS Reddy as MD & CEO of the company.
Vadilal Industries: Company said the agenda to re-appoint Rajesh Gandhi
and Devanshu Gandhi as Managing Directors of the company was not passed
unanimously. It was further resolved to appoint a professional Managing
Director/Chief Executive Officer/Manager for the company. Rajesh Gandhi and
Devanshu Gandhi will continue to work for the company as a director of the
company without any remuneration.
Lyka Labs:
Company entered into One Time Settlement agreement with the Bank of Maharashtra
and arranged to make an upfront payment of Rs 11 crore as settlement amount and
Rs 6.49 lakh as processing fees to the bank.
Sadbhav Infrastructure Project:
Company acquired further 6 percent (3,000) equity shares of subsidiary
Maharashtra Border Check Post Network Limited (MBCPNL), held by SREI.
Container Corporation of India: First
distribution logistics centre at Ennore, Chennai was inaugurated on March 30.
Dynamic Industries: Company has disinvested/sold its entire
investment in equity shares of its wholly owned subsidiary in Neo Farbe Private
Limited.
Scanpoint Geomatics: Company in consortium with Team Computers
Private Limited (lead bidder) received a contract for setting up of enterprise
Geoportal for National Atlas and Thematic Mapping Organisation (NATMO),
Kolkata. The aggregate value of project for SGL is Rs 2.08 crore.
The company received a contract of
enterprise and City GIS Solution for Agra Smart City through Master System
Integrator (MSI) - Bharat Electronics and Lookman Electroplast Industries
Limited, and for Lucknow Smart City through MSI Fluent Grid Limited and Bharat
Electronics. The aggregate value of the said projects for SGL is Rs 9.33 crore.
Navkar Corporation: Board approved
appointment of Captain Dinesh Gautama as whole time director of the company
with immediate effect. Dinesh Gautama is also serving as Chief Executive
Officer.
Sayaji Industries: Board has authorised Priyam B Mehta, Varun P
Mehta and Vishal P Mehta individually and jointly to enter into a Joint Venture
Agreement with Societe Developpement Produits Afrique - SDPA, France, the
holding company of Alland and Robert for manufacturing of gum arabic/ gum
acacia, gum ghatti and gum blends. The joint venture will be a 50:50.
Rico Auto Industries: Company alongwith its step down subsidiary,
Rasa Autocom Limited has completed the acquisition of 2,11,20,000 equity shares
of Magna Rico Powertrain Private Limited from Magna Powertrain GMBH at the rate
of Rs 4.05 per share for a total consideration of Rs 8.56 crore.
Jindal Drilling: Company has acquired an offshore jack up
drilling rig from Discovery Drilling Pte Ltd, Singapore, a joint venture of the
company. The rig would be soon deployed under contract with Oil and Natural Gas
Corporation (ONGC) already awarded to the company.
Comments
Post a Comment