Here are the stocks that are in news today:
Reliance Industries: Subsidiary Reliance Retail Ventures (RRVL) purchased an additional stake of 3.10 percent equity holding in Genesis Colors (GCL) for a consideration of Rs 8.39 crore, taking its total stake in GCL to 19.63 percent. The aggregate equity shareholding of RRVL and Reliance Brands in GCL stands at 69.10 percent.
Infosys to acquire Fluido, the largest salesforce consulting partner in Nordics
Century Textiles & Industries: Board has appointed RK Dalmia as a Whole-time Director of the company for a period of three years; Snehal Shah has been appointed as a Chief Financial Officer of the company in place of RK Dalmia.
IRCON International IPO opens for a subscription. The company offers 99.05 lakh shares at a price of Rs 470-475 per share
Shri Bajrang Power and Ispat files DRHP with SEBI, to raise Rs 500 cr via IPO
MEP Infrastructure Developers: Toll Tax Department extended the period of suspension of collection of toll tax from any of the specified commercial vehicle till September 30, 2018, owing to pending of completion of installation of Radio Frequency Identification Device (RFID) work. The settlement of claims, if any, will be dealt as per the provisions of the Contract Agreement executed with the authority.
Sadhana Nitrochem’s board meeting on September 24 to consider a stock split
Bank of India looks to raise Rs 1,000 cr from the sale of non-core assets
Gammon Infrastructure Projects: Patna Buxar Highways (PBHL), erstwhile a wholly owned non-material unlisted subsidiary of the company which was sold on March 31, 2016, with the company’s rights to future claims pending under arbitration, has received a number of Rs 14.70 crore on September 14, 2018 from the National Highways Authority of India in compliance of the order passed by the Delhi High Court.
Tantia Constructions: M L Agarwala resigned from the board of the company.
NBCC clarified on SC appoints NBCC to construct stalled projects of Amrapali Group that the company has not received any such order from the SC as on date
Uday Jewellery Industries: Company has started export of its speciality jewellery and has completed its first export.
Hindalco to seek shareholders’ approval for Rs 6,000 cr NCDs
Arihant Superstructure – a New project undertaken under development management model at Panvel
Modern Steels: As the company’s Account is NPA with Punjab National Bank, the company will settle the dues to PNB by paying Rs 30 crore.
Gammon India: The Court of Monza, Italy has declared the bankruptcy of the company’s step down subsidiary ‘SAE Powerlines S.r.l’ (which is held through ATSL Holdings BV).
Voltas JV Voltbek partners with Future Supply Chain
Alok Industries: State Bank of India has withdrawn the nomination of Atanu sen from the board of directors of the company.
Wipro Gallagher Solutions and Mercury Network to jointly offer loan appraisal management platform
Dynemic Products: Company has received an environment clearance for its unit III project located at Dahej in Bharuch.
Yes Bank’s Capital Raising Committee approved the issue of 30,420 Rated, Listed, Non-Convertible, Redeemable, Unsecured, BASEL III-compliant Tier 2 Bonds, worth Rs 3,042 crore
Update on a lawsuit filed by Copart Inc against Sparta Consulting, KPIT Infosystems & KPIT Tech
Post the jury verdict, both Sparta and Copart raised several issues for the Court
Sparta’s net liability has been reduced from approximately $16M to approximately $8M
The ruling on other issues is still awaited, Sparta would have a further right to appeal the Court’s Order
Vikas Granaries: Company has planned to manufacture proppants and mining of granite and fractured debris near Jodhpur. It has given on contract 200 bighas land for mining to remove fractured debris from the ground up to 10 meters depth for a sum of Rs 29.81 crore. These revenues would be accrued during the second and third quarters of FY 2019. The remaining land of approximately 100 bighas would be given for mining of fractured debris in times ahead. The estimated value of this debris is about Rs 14.90 crore.
TCI Express: ICRA reaffirmed its credit rating in respect of the company’s commercial paper programme.
Kirloskar Pneumatic fixed September 27 as its share-split record date
Corporation Bank revised the Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 15.09.2018.
RCF clarified on news that company has put a proposal to GOI for the post –facto cabinet approval for the transfer of the land
Also, TDR certificates already received and likely to be received in future
Sterlite Technologies to double its optical fibre cable solutions capacity to meet global demand for network densification
Kwality – QIP issue opened on Sept 14
OBC – ICRA revised rating for upper Tier II bonds to ICRA A- from ICRA A+ and rating for lower tier II to ICRA A+ from ICRA AA-
Century Ply gets shareholders’ nod for re-appointment of PK Bhajanka & Vishnu Khemani as MD
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