Here are stocks in focus today:
Results on February 20: Mahindra CIE Automotive, Mayur Leather Products, Metalyst Forgings, Rollatainers, Sang Froid Labs (India)
Essel Propack: Company further received Rs 40 crore towards repayment of outstanding dues of Inter corporate deposit. It has already received Rs 25.30 crore in last month. The balance amount is expected to be received by March 2019.
Duke Offshore: The company received a prestigious contract from Daewoo – Tata projects Limited JV to provide one initial high speed vessel to support construction for the Mumbei Trans Harbour Link project.
ICICI Bank allotted 59,891 equity shares under ESOS
Ramco Cements – Green Products and Services Council of Confederation of Indian Industry has renewed the GreenPro Certification for our Company’s flagship product – RAMCO SUPERGRADE
Seya Industries to hold EGM on March 12, 2019
Aarti Industries collaborates with Global Chemical Conglomerate to develop and supply High Value Specialty Chemical Intermediate worth USD 125 million for a 10 year supply period
Prism Johnson issued a LOI (Letter of Intent) for EPC (Engineering, Procurement and Construction) contract for setting up a Waste Heat Recovery based Power Generation System of peak capacity 22.50 MW to be located at its cement manufacturing facility near village Mankahari, District Satna, Madhya Pradesh.
Genus Power Infrastructures: India Ratings and Research affirmed the company’s long-term issuer rating at A+ with stable outlook.
The Investment Trust of India: Company approved revised Scheme of Arrangement between United Petro Finance Limited (demerged company) and Fortune Credit Capital Limited (resulting company).
Bajaj Healthcare: Board approved issue of bonus shares in the ratio of one equity share for every one existing equity share held by the members.
Valecha Engineering Q3: Loss at Rs 16 crore versus loss Rs 13.2 crore; revenue rises to Rs 56.5 crore versus Rs 43.22 crore YoY.
Vedanta: The company is not in the process of submitting any revised bid for Essar Steel under the IBC process.
The Byke Hospitality: CARE assigned BBB+ rating with negative outlook for company’s long term bank facilities.
Majesco: American Public Life Insurance Company selects Majesco L&A and Group Core Suite.
Yes Bank clarified on RBI’s Risk Assessment Report for FY18: The bank said the release on RBI Report made with an intention to be fully compliant with SEBI regulations.
Maharashtra Seamless: Company paid Rs 477 crore for acquisition of United Seamless Tabulaar.
JK Tyre: Sanjeev Aggarwal appointed as CFO. Ashok K Kinra ceased to be CFO but will continue with the company as a financial advisor.
Vedanta: Company will proceed with next steps of filing a writ petition before Madras HC to reopen company’s Tamil Nadu unit.
Jaypee Infratech: Promoters offer to withdraw company from insolvency U/Sec 12A of IBC. Jaiprakash Associates offers Rs 1,500 crore to creditors versus Rs 8,125 crore owed as principal amount, offers Rs 4,858 crore as debt asset swap, offers Rs 2,000 crore as optionally convertible debentures and seeks a waiver of Rs 1,425 crore interest payment from financial creditors.
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