Today Stock News – 01.02.2018
* 63 MOONS TECHNOLOGIES: The Securities and Exchange Board of India has reversed its interim order with respect to eight persons out of the 13 held guilty of insider trading in shares of the company, according to a fresh order passed by the regulator.
* AMRAPALI DEVELOPERS INDIA: The Supreme Court on Wednesday sought a comprehensive plan from real estate group on how it plans to deliver 41,000 flats to its buyers in various projects.
* AMTEK AUTO: The National Company Law Tribunal has granted an extension of 90 days for the
company's corporate insolvency resolution process.
* APOLLO MICRO SYSTEMS: BOI AXA Mutual Fund has bought 151,000 shares in the company at 331.06 rupees each through a bulk deal on the National Stock Exchange.
* ARVIND LTD: Plans to demerge and separately list its textile, branded apparel, and engineering
businesses in the next six to eight months.
* BANK OF BARODA: Plans to sell strategic stakes in many of the subsidiaries in its effort to build value and capitalise from them as it embarks on a new strategy to boost its fee income and steer away from traditional consortium banking.
* BANK OF MAHARASHTRA: The bank has approved raising 25.23 bln rupees through preferential allotment of shares to the government.
* BHUSHAN STEEL: Arcelor Mittal and Posco are likely to bid more aggressively or the company,
sources said. Neeraj Singhal, vice-chairman of the company, has written to all lenders o consider restructuring the 440 bln rupees debt under the Sustainable tructuring of Stressed Assets mechanism by dividing the debt into ustainable and unsustainable parts with no haircut whatsoever even at this tage.
* CANARA BANK: The board of directors will meet on Tuesday to take up the roposal of 48.65-bln-rupee capital infusion by the government as part of the ecapitalisation programme.
* CRISIL: Has paid a fine of 2.84 mln rupees to the Securities and Exchange oard of India to settle a
violation of credit rating regulations, as per an rder on the regulator's website.
* HAVELLS INDIA: Promoters Vinod Gupta and Surjit Kumar Gupta sold 2% stake r 12.5 mln shares in the company through the open market. SBI Mutual Fund has bought 4.52 mln shares or 0.72% stake in the company t 517 rupees each through a bulk deal on BSE.
* HCL INFOSYSTEMS: The board has approved the sale of support services ivision of its subsidiary, HCL Services, to QUESS CORP for 300 mln rupees.
* HINDUSTAN CONSTRUCTION CO: Amit Uplenchwar has been appointed as Chief xecutive Officer of the engineering and construction business of the company ith effect from Jan 31.
* HINDUSTAN COPPER: The company's board approved raising up to 14 bln rupees r $217 mln,
whichever is higher, through a qualified institutional lacement.
* HOUSING DEVELOPMENT FINANCE CORP: HDFC Capital Advisors property fund anagement arm of the company, is looking to invest $550 mln by the end of his financial year.
* IDBI BANK: Kotak Life Insurance has been shortlisted as the fourth bidder for he bank's stake in IDBI Federal Life Insurance, a source said.
* IIFL HOLDINGS: Plans to break into three companies.
* INDIABULLS HOUSING FINANCE: Has raised $50 mln through Masala bonds, or upee-denominated bonds issued overseas.
* INDIABULLS VENTURES: Has set rights issue price at 240 rupees/share
* JINDAL STAINLESS: The company's board has approved raising up to 12 bln upees through securities which include equity shares, preference shares, merican or global depository receipts and convertible securities, among thers.
* JM FINANCIAL: has raised $100 mln (6.5 bln rupees) through a qualified nstitutional placement
offering which opened on Tuesday.
* JSW STEEL: Is scouting for three stressed assets, said it will bid for HUSHAN STEEL and Bhushan Power & Steel but is not keen on Essar Steel, a top ompany official said here.
* JUBILANT LIFE SCIENCES: The Securities and Exchange Board of India has mposed a total fine of 5 mln rupees on the company, its three promoter tities and a director for violation of norms pertaining to price sensitive nformation.
* LAKSHMI VILAS BANK: Will hike its one-year marginal cost of funds-based ending rates by 5 basis points to 9.20% from Thursday, the lender said.
* LARSEN & TOUBRO: The board has approved investment up to 20 bln rupees in &T FINANCE
HOLDINGS through subscription of shares on a preferential basis. Will not bid for toll-operate-transfer road projects that the government lans to sell, Chief Financial Officer R. Shankar Raman told Cogencis. Raman aid the company would avoid these projects due to lowreturns on equity they ffer. The Securities and Exchange Board of India has passed a consent order gainst the company, nonexecutive chairman A M Naik and director Shailendra oy for violating insider trading rules.
* L&T FINANCE HOLDINGS: The board has approved raising up to 10 bln rupees hrough qualified
institutional placement of shares.
* MAHINDRA & MAHINDRA: The company launched a mobile-based digital portal alled 'SYOUV', which has features of a virtual showroom and provides an nteractive virtual reality experience.
* NANDAN DENIM: The Reserve Bank of India said non-resident Indians can hold p to 24% stake in the company as against 10% earlier, after the company's oard and general body passed resolutions to this effect, the central bank aid.
* NEW DELHI TELEVISION: Income tax department has levied a penalty of 4.37 Mln rupees on the company for assessment year 2009-10.
* NOCIL: Board has approved an 870-mln-rupee investment for expansion of its production facilities for rubber chemicals at Navi Mumbai.
* NTPC: The board of directors approved the payment of interim dividend at .73 rupees per share.
* OIL & NATURAL GAS CORP: Has completed acquisition of 51.11% stake held by he government in HINDUSTAN PETROLEUM CORP.
* PFIZER: The Indian Council of Medical Research and the company will set up centre in New Delhi, to combat antimicrobial resistance.
* PUNJAB ALKALIES AND CHEMICALS: IDBI BANK has sold 223,946 shares or 0.83% take in the company at 22.25 rupees a share through a bulk deal on BSE.
* QUESS CORP: Sundaram Mutual Fund has bought 1.54 mln shares or 1.1% stake n the company at 950 rupees a share through a bulk deal on the National stock Exchange. Has announced acquisition of online career and recruitment firm Monster's ndia, the Middle East and South East Asia businesses, and after-sales service provider Care Business from HCL services. The transaction is worth bout 1.5 bln rupees, and will be expected to close over the next few weeks subject to regulatory approvals.
* RELIANCE INDUSTRIES: BHARTI AIRTEL, Vodafone India and IDEA CELLULAR may eek to compete with subsidiary Reliance Jio Infocomm's 49 rupees per month offer by unveiling attractively priced tariff plans with some data bundled in o keep the new telecom operator from cornering millions of their 2G feature hone users.
* STATE BANK OF INDIA: The Executive Committee of Central Board has approved investment of 2.2 mln shares or 4.4% stake in Clearing Corp of India.
* SUNTECK REALTY: To launch an affordable housing project on 100 acre to be enveloped over five
years at Naigaon in the Mumbai Metropolitan Region.
* SUZLON ENERGY: Has signed an agreement to sell its stake in two special purpose vehicles to Shruti Power Projects for a combined 140,000 rupees.
* TATA MOTORS: Expects demand for trucks to remain strong for the next two ears on the back of
improving performance of core sectors, a pick up in infrastructure projects and implementation of BS VI emission norms in 2020, aid Girish Wagh, Head of truck and business. Has acknowledged that all is not well on the sales front. It has conceded .3% of the medium and heavy cargo vehicle market to other players to see its hare drop to 51.7% as of end of December.
* TV18 BROADCAST: Has entered into a definitive agreement with MTV Asia entures India to acquire 1% more stakes in Viacom18 Media for $20 mln.
* UNIPLY INDUSTRIES: The board has approved the acquisition of 100% stake in Artmatrix
Technology SDH BHD by way of merger of its parent holding company.
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* AMRAPALI DEVELOPERS INDIA: The Supreme Court on Wednesday sought a comprehensive plan from real estate group on how it plans to deliver 41,000 flats to its buyers in various projects.
* AMTEK AUTO: The National Company Law Tribunal has granted an extension of 90 days for the
company's corporate insolvency resolution process.
* APOLLO MICRO SYSTEMS: BOI AXA Mutual Fund has bought 151,000 shares in the company at 331.06 rupees each through a bulk deal on the National Stock Exchange.
* ARVIND LTD: Plans to demerge and separately list its textile, branded apparel, and engineering
businesses in the next six to eight months.
* BANK OF BARODA: Plans to sell strategic stakes in many of the subsidiaries in its effort to build value and capitalise from them as it embarks on a new strategy to boost its fee income and steer away from traditional consortium banking.
* BANK OF MAHARASHTRA: The bank has approved raising 25.23 bln rupees through preferential allotment of shares to the government.
* BHUSHAN STEEL: Arcelor Mittal and Posco are likely to bid more aggressively or the company,
sources said. Neeraj Singhal, vice-chairman of the company, has written to all lenders o consider restructuring the 440 bln rupees debt under the Sustainable tructuring of Stressed Assets mechanism by dividing the debt into ustainable and unsustainable parts with no haircut whatsoever even at this tage.
* CANARA BANK: The board of directors will meet on Tuesday to take up the roposal of 48.65-bln-rupee capital infusion by the government as part of the ecapitalisation programme.
* CRISIL: Has paid a fine of 2.84 mln rupees to the Securities and Exchange oard of India to settle a
violation of credit rating regulations, as per an rder on the regulator's website.
* HAVELLS INDIA: Promoters Vinod Gupta and Surjit Kumar Gupta sold 2% stake r 12.5 mln shares in the company through the open market. SBI Mutual Fund has bought 4.52 mln shares or 0.72% stake in the company t 517 rupees each through a bulk deal on BSE.
* HCL INFOSYSTEMS: The board has approved the sale of support services ivision of its subsidiary, HCL Services, to QUESS CORP for 300 mln rupees.
* HINDUSTAN CONSTRUCTION CO: Amit Uplenchwar has been appointed as Chief xecutive Officer of the engineering and construction business of the company ith effect from Jan 31.
* HINDUSTAN COPPER: The company's board approved raising up to 14 bln rupees r $217 mln,
whichever is higher, through a qualified institutional lacement.
* HOUSING DEVELOPMENT FINANCE CORP: HDFC Capital Advisors property fund anagement arm of the company, is looking to invest $550 mln by the end of his financial year.
* IDBI BANK: Kotak Life Insurance has been shortlisted as the fourth bidder for he bank's stake in IDBI Federal Life Insurance, a source said.
* IIFL HOLDINGS: Plans to break into three companies.
* INDIABULLS HOUSING FINANCE: Has raised $50 mln through Masala bonds, or upee-denominated bonds issued overseas.
* INDIABULLS VENTURES: Has set rights issue price at 240 rupees/share
* JINDAL STAINLESS: The company's board has approved raising up to 12 bln upees through securities which include equity shares, preference shares, merican or global depository receipts and convertible securities, among thers.
* JM FINANCIAL: has raised $100 mln (6.5 bln rupees) through a qualified nstitutional placement
offering which opened on Tuesday.
* JSW STEEL: Is scouting for three stressed assets, said it will bid for HUSHAN STEEL and Bhushan Power & Steel but is not keen on Essar Steel, a top ompany official said here.
* JUBILANT LIFE SCIENCES: The Securities and Exchange Board of India has mposed a total fine of 5 mln rupees on the company, its three promoter tities and a director for violation of norms pertaining to price sensitive nformation.
* LAKSHMI VILAS BANK: Will hike its one-year marginal cost of funds-based ending rates by 5 basis points to 9.20% from Thursday, the lender said.
* LARSEN & TOUBRO: The board has approved investment up to 20 bln rupees in &T FINANCE
HOLDINGS through subscription of shares on a preferential basis. Will not bid for toll-operate-transfer road projects that the government lans to sell, Chief Financial Officer R. Shankar Raman told Cogencis. Raman aid the company would avoid these projects due to lowreturns on equity they ffer. The Securities and Exchange Board of India has passed a consent order gainst the company, nonexecutive chairman A M Naik and director Shailendra oy for violating insider trading rules.
* L&T FINANCE HOLDINGS: The board has approved raising up to 10 bln rupees hrough qualified
institutional placement of shares.
* MAHINDRA & MAHINDRA: The company launched a mobile-based digital portal alled 'SYOUV', which has features of a virtual showroom and provides an nteractive virtual reality experience.
* NANDAN DENIM: The Reserve Bank of India said non-resident Indians can hold p to 24% stake in the company as against 10% earlier, after the company's oard and general body passed resolutions to this effect, the central bank aid.
* NEW DELHI TELEVISION: Income tax department has levied a penalty of 4.37 Mln rupees on the company for assessment year 2009-10.
* NOCIL: Board has approved an 870-mln-rupee investment for expansion of its production facilities for rubber chemicals at Navi Mumbai.
* NTPC: The board of directors approved the payment of interim dividend at .73 rupees per share.
* OIL & NATURAL GAS CORP: Has completed acquisition of 51.11% stake held by he government in HINDUSTAN PETROLEUM CORP.
* PFIZER: The Indian Council of Medical Research and the company will set up centre in New Delhi, to combat antimicrobial resistance.
* PUNJAB ALKALIES AND CHEMICALS: IDBI BANK has sold 223,946 shares or 0.83% take in the company at 22.25 rupees a share through a bulk deal on BSE.
* QUESS CORP: Sundaram Mutual Fund has bought 1.54 mln shares or 1.1% stake n the company at 950 rupees a share through a bulk deal on the National stock Exchange. Has announced acquisition of online career and recruitment firm Monster's ndia, the Middle East and South East Asia businesses, and after-sales service provider Care Business from HCL services. The transaction is worth bout 1.5 bln rupees, and will be expected to close over the next few weeks subject to regulatory approvals.
* RELIANCE INDUSTRIES: BHARTI AIRTEL, Vodafone India and IDEA CELLULAR may eek to compete with subsidiary Reliance Jio Infocomm's 49 rupees per month offer by unveiling attractively priced tariff plans with some data bundled in o keep the new telecom operator from cornering millions of their 2G feature hone users.
* STATE BANK OF INDIA: The Executive Committee of Central Board has approved investment of 2.2 mln shares or 4.4% stake in Clearing Corp of India.
* SUNTECK REALTY: To launch an affordable housing project on 100 acre to be enveloped over five
years at Naigaon in the Mumbai Metropolitan Region.
* SUZLON ENERGY: Has signed an agreement to sell its stake in two special purpose vehicles to Shruti Power Projects for a combined 140,000 rupees.
* TATA MOTORS: Expects demand for trucks to remain strong for the next two ears on the back of
improving performance of core sectors, a pick up in infrastructure projects and implementation of BS VI emission norms in 2020, aid Girish Wagh, Head of truck and business. Has acknowledged that all is not well on the sales front. It has conceded .3% of the medium and heavy cargo vehicle market to other players to see its hare drop to 51.7% as of end of December.
* TV18 BROADCAST: Has entered into a definitive agreement with MTV Asia entures India to acquire 1% more stakes in Viacom18 Media for $20 mln.
* UNIPLY INDUSTRIES: The board has approved the acquisition of 100% stake in Artmatrix
Technology SDH BHD by way of merger of its parent holding company.
