Reliance Industries: American buyout firm KKR & Co will invest Rs 5,500 crore in Reliance Retail in exchange for a 1.28 percent stake.

The investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore, RIL said in an exchange filing on September 23.

Repco Home Finance: Fidelity Funds Asian Smaller Companies Pool bought 4,20,288 shares of the company at an average price of Rs 150.33 per share via a bulk deal on NSE.

Brightcom Group: AKG Finvest bought 26,00,000 shares of the company at an average price of Rs 6.79 per share via a bulk deal on BSE.

Majesco: UNIFI Wealth Management bought 2,06,000 shares of the company at an average price of Rs 779.05 per share via a bulk deal on NSE.

Future Enterprises: The company defaulted on the payment of interest due on non-convertible debentures.

Central Bank of India: The Capital Raising Committee of the bank has approved the QIP, opening from September 22, with the floor price of Rs 16.18 per equity share.

Sequent Scientific: The company will acquire a 40 percent stake in Provet through Alvira Animal Health Limited, Ireland, a wholly-owned subsidiary of the company.

Indian Oil: The board has approved the implementation of the Petrochemical and Lube Integration Project at lndianOil’s Gujarat Refinery at an estimated cost of Rs 17,825 crore.

TCS: The company said it has deployed AI-powered software to enable a safe return to work for its employees.

Jindal Steel: ICRA, has replaced its ‘rating watch’ with ‘negative implications’ on the bank facilities and non-convertible debentures (NCDs) of Jindal Steel and Power and assigned a “stable” outlook.

Punj Lloyd: 18th meeting of the Committee of Creditors of Punj Lloyd is scheduled to be held on Thursday, September 24.

PNB Gilts: The company fully redeemed and paid the redemption proceeds of the commercial paper for Rs 400 crore.

Spandana Sphoorty Financial: Darius Dinshaw Pandole, a Non-Executive Director of the company, the nominee of JM Financial Products Limited, has resigned as a Director of the company.

Max India: Promotor entity Max Ventures Investment Holdings created an encumbrance of shares of more than 50 percent of its total shareholding in Max India.

Maan Aluminium: The company has been recognized as the “Two Star Export House” by the Directorate General of Foreign Trade.

Hindustan Zinc: The board approved raising up to Rs 4,000 crore through debentures.

Tata Motors: The company rolled out the 3,00,000th unit of its mid-sized hatchback Tiago from the Sanand passenger vehicles manufacturing plant in Gujarat.

Strides Pharma Science: Company gets US FDA nod for NSAID Mefenamic Acid, a non-steroidal anti-inflammatory drug.

Sun Pharma: Japanese subsidiary launches Ilumya in Japan used for the treatment of plaque psoriasis in adult patients.

Tata Power: Company has signed a power purchase agreement with Apollo Gleneagles Hospitals, Kolkata to commission a solar carport in the city. With 335Kwp capacity, the project is expected to generate approximately 4.26 lakh units annually.

MCX: The exchange has announced the formal launch of its base metal futures indices called MCX iComdex Base Metals Index (MCX METLDEXT) Futures from October 19.

Satin Creditcare: Company will consider raising up to Rs 175 crore via NCDs on September 25.

Vodafone Idea, Bharti Airtel: Telecom majors Vodafone Idea and Bharti Airtel will be in focus as Jio unveiled its new post-paid tariff plans.

HCC: Company completed the sale of Farakka-Raiganj Highways Ltd (FRHL) to Cube Highways and Infrastructure II Pte, at an enterprise value of Rs 1,508 crore.

HCC: The company completed its 100 percent sale of Farakka-Raiganj Highways Limited to Cube Highways and Infrastructure II Pte Ltd.

Were The Stocks In Focus Today 23-09-2020

source: moneycontrol

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