Here are stocks that are in the news today:
IOC: The Government of India reduced its stake in the company by 2.69 percent to 54.06 percent.
Cadila Healthcare: Competition Commission of India approved the acquisition of businesses of Heinz by Zydus/Cadila.
concern basis, to a separate company
Also approved the scheme of arrangement for transfer of its tower undertaking, on an ongoing concern basis, to a separate company.
Tata Sponge Iron: Competition Commission of India approved the acquisition of steel division of Usha Martin Limited by Tata Sponge Iron.
Titan: CRISIL revised rating outlook on long-term bank facilities to positive from stable.
PNC Infratech: Company submitted duly executed financing documents to NHAI with regard to the financial closure for all the 7 Hybrid Annuity Model (HAM) projects secured by it so far.
DIC India: Shailendra Hari Singh resigned as MD & CEO of the company and Manish Bhatia is appointed as CEO.
AU Small Finance Bank: Bank has received approval from BSE & National Stock Exchange of India for reclassification of promoter group shareholders as public shareholders.
Phoenix Mills: Rajendra Kalkar is appointed as a Whole-time Director of the company.
Phoenix Mills entered into a SPA with Insight Mall Developers and Island Mall Developers for sale/disposal of the entire equity holding in Insight by the Company, in favour of Island.
Indiabulls Housing allotted NCDs worth Rs 250 crore
Kaveri Seed board meet on December 20 to consider merger of two wholly owned subsidiaries of the company.
Edelweiss Financial Services: Allium Finance Private Limited, which was hitherto an associate company has now become a subsidiary of the company.
Music Broadcast: Company announced the closure of the buyback of shares.
Shree Cement: CARE reaffirmed its rating for company’s long-term bank facilities worth Rs 1,100 crore at AAA/Stable.
Mefcom Capital Markets: Anup Kumar Verma has resigned from the post of Chief Financial Officer of the company.
Force Motors: Vinay Kothari, Non-Executive Non-Independent Director of the company tendered his resignation due to personal reasons.
SRG Housing Finance: At the company’s request, CARE has withdrawn the credit ratings of BBB-; Stable assigned to the bank facilities of the company.
Wipro: Company launched Automotive Innovation Center in Detroit, Michigan.
Shalby: Company signed MOU with International SOS for providing medical assistance to foreign travelers to India. Shalby Academy (a unit of Shalby) signed MOU with Ahmedabad Institute of Medical Sciences, for jointly running Paramedical Programs Affiliated with Gujarat University.
Unichem Laboratories: Company received tentative ANDA approval from USFDA for Tadalafil tablets which is indicated for the treatment of erectile dysfunction.
Zicom Electronic Security Systems: Mukul Desai, Independent Director of the company resigned from the directorship of the company.
Bulk Deals on December 11
Punj Lloyd: IFCI continued to offload its stake in the company, selling another 53,05,000 shares at Rs 3.67 per share on the NSE and 32,04,855 shares at Rs 3.54 per share on the BSE.
DRS Dilip Roadlines: Festino Vincom Limited purchased 2,67,200 shares of the company at Rs 75.29 per share and Shah Babulal Vadilal 1,31,200 shares at Rs 75.25 per share while Harsha Rajeshbhai Jhaveri sold 96,000 shares at Rs 75.25 per share on the NSE.
Analyst or Board Meet/Briefings
Kaveri Seed Company: Board meeting is scheduled on December 20 to consider the consent for the merger of Kaveri Microteck Private Limited with Kexveg India Private Limited, both the companies are wholly owned subsidiary companies.
VBC Ferro Alloys: Board meeting is scheduled on December 14 to consider the resignation of director and to appoint additional directors.
Olympic Oil Industries: Board meeting is scheduled on December 17 to consider the un-audited financial results of the company for the quarter and half year ended September 2018.
PI Industries: Company’s officials will be meeting Hillhouse Capital on December 12.
Balrampur Chini Mills: Company’s representative(s) would be attending the Non-Deal Roadshow (NDR) in Mumbai organised by BOB Capital Markets on December 12-13.
Great Eastern Shipping: Company’s officials will be meeting Aditya Birla Sun Life Insurance on December 20.
Vodafone India: Company’s officials will be meeting institutional investors on December 12 in London and December 13 in Edinburgh.
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
Get The Latest Stock Updates, Equity Tips, Share Market Tips, Stock Market Tips, Intraday Tips @ Investelite Research