Daily Stock News Today – 30.08.2017
* AUROBINDO PHARMA: Is in talks to buy the Russia business of Mumbai-based Shreya Life Sciences in a deal potentially valued between $80 mln and $100 mln.
* BHARTI AIRTEL: Vodafone India, IDEA CELLULAR and Reliance Jio Infocomm may skip bidding for 700 MHz band, which is ideal for fourth-generation services, and give 5G spectrum a miss if airwaves are auctioned this financial year.
* BHUSHAN STEEL: STATE BANK OF INDIA has filed claims worth 128.77 bln rupees in the insolvency proceedings against the company, media report said, based on a report submitted to the National Company Law Tribunal on Monday.
* CONTROL PRINT: The board of directors of the company has approved raising up to 300 mln rupees by way of issuing shares, global depository receipts, American depository receipts, including qualified institutional placements, Among others.
* INDIAN HOTELS CO: The board has approved the appointment of Puneet Chhatwal as managing director and chief
executive officer, effective Sep 30.
* INDIAN OIL CORP: Will spend 1.8 trln rupees over the next five to seven years to expand refining capacity and build its new businesses, Chairman Sanjiv Singh said.
* INFOSYS: R. Seshasayee, former chairman of the board of directors had "lied" about the payment claims the company's board made with regard to former chief financial officer Rajiv Bansal's severance pay at the July annual general meeting, according to a whistleblower, founder N.R. Narayana Murthy said.
- Life Insurance Corp of India will seek a briefing from the new management of the company on its strategy under new Chairman Nandan Nilekani.
* KESAR TERMINALS & INFRASTRUCTURE: The company's subsidiary Kesar Multimodal Logistics started operations of its inland container depot at Powarkheda in Madhya Pradesh.
* LUX INDUSTRIES: Has roped in veteran Bollywood actor Amitabh Bachchan as brand ambassador for LUX Venus and LUX Cott'swool.
* MINDA INDUSTRIES: The board of the company has approved the purchase of 60% stake, or 5.4 mln shares, of MI Torica India for a consideration of up to 88 mln rupees.
* NESTLE INDIA: Launched four new flavours of Maggi nutrilicious noodles--Atta Masala, Atta Mexicana, Oats Masala, and Oats Herbs and Spices.
* NTPC: The non-retail portion of the offer for sale to divest up to 10% stake in the company was fully subscribed by institutional participants.
- The non-retail portion of the offer for sale to divest up to 10% stake in the company was subscribed 1.41 times by institutional investors.
* OMAXE: The promoters of the company will undertake a 90% salary cut and forego their share of dividend, leading to savings of 150 mln rupees per year.
* RBL BANK: Samara Capital and Norwest Venture Partners have sold 3.6 mln shares and 6 mln shares, respectively, in the bank through bulk deals on the National Stock Exchange at 515 rupees apiece.
* RELIANCE CAPITAL: Shares of the company will be excluded from various S&P BSE indices effective Sep 5, following the demerger of the company's real estate lending business.
* RELIANCE INDUSTRIES: Proposed to raise 25 bln rupees through the issue of non-convertible debentures.
* RELIANCE INFRASTRUCTURE: Said it is involved in different initiatives to unlock value in existing businesses, including the Mumbai power business, thereby considerably reducing its overall leverage.
* SHRIRAM EPC: Has issued 4.81 mln shares to 12 banks under corporate debt restructuring scheme.
* TATA GLOBAL BEVERAGES: Amalgamated Plantations--the enterprise carved out of the company--plans to launch its own label to market tea.
* VIJAYA BANK: Has managed to raise 7 bln rupees by selling shares to institutional investors from both India and abroad in a qualified institutional placement which closed on Tuesday.
* WIPRO: Group Company Wipro Gallagher Solutions has made its automation platform Net Oxygen compliant to Home Mortgage Disclosure Act.
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* BHARTI AIRTEL: Vodafone India, IDEA CELLULAR and Reliance Jio Infocomm may skip bidding for 700 MHz band, which is ideal for fourth-generation services, and give 5G spectrum a miss if airwaves are auctioned this financial year.
* BHUSHAN STEEL: STATE BANK OF INDIA has filed claims worth 128.77 bln rupees in the insolvency proceedings against the company, media report said, based on a report submitted to the National Company Law Tribunal on Monday.
* CONTROL PRINT: The board of directors of the company has approved raising up to 300 mln rupees by way of issuing shares, global depository receipts, American depository receipts, including qualified institutional placements, Among others.
* INDIAN HOTELS CO: The board has approved the appointment of Puneet Chhatwal as managing director and chief
executive officer, effective Sep 30.
* INDIAN OIL CORP: Will spend 1.8 trln rupees over the next five to seven years to expand refining capacity and build its new businesses, Chairman Sanjiv Singh said.
* INFOSYS: R. Seshasayee, former chairman of the board of directors had "lied" about the payment claims the company's board made with regard to former chief financial officer Rajiv Bansal's severance pay at the July annual general meeting, according to a whistleblower, founder N.R. Narayana Murthy said.
- Life Insurance Corp of India will seek a briefing from the new management of the company on its strategy under new Chairman Nandan Nilekani.
* KESAR TERMINALS & INFRASTRUCTURE: The company's subsidiary Kesar Multimodal Logistics started operations of its inland container depot at Powarkheda in Madhya Pradesh.
* LUX INDUSTRIES: Has roped in veteran Bollywood actor Amitabh Bachchan as brand ambassador for LUX Venus and LUX Cott'swool.
* MINDA INDUSTRIES: The board of the company has approved the purchase of 60% stake, or 5.4 mln shares, of MI Torica India for a consideration of up to 88 mln rupees.
* NESTLE INDIA: Launched four new flavours of Maggi nutrilicious noodles--Atta Masala, Atta Mexicana, Oats Masala, and Oats Herbs and Spices.
* NTPC: The non-retail portion of the offer for sale to divest up to 10% stake in the company was fully subscribed by institutional participants.
- The non-retail portion of the offer for sale to divest up to 10% stake in the company was subscribed 1.41 times by institutional investors.
* OMAXE: The promoters of the company will undertake a 90% salary cut and forego their share of dividend, leading to savings of 150 mln rupees per year.
* RBL BANK: Samara Capital and Norwest Venture Partners have sold 3.6 mln shares and 6 mln shares, respectively, in the bank through bulk deals on the National Stock Exchange at 515 rupees apiece.
* RELIANCE CAPITAL: Shares of the company will be excluded from various S&P BSE indices effective Sep 5, following the demerger of the company's real estate lending business.
* RELIANCE INDUSTRIES: Proposed to raise 25 bln rupees through the issue of non-convertible debentures.
* RELIANCE INFRASTRUCTURE: Said it is involved in different initiatives to unlock value in existing businesses, including the Mumbai power business, thereby considerably reducing its overall leverage.
* SHRIRAM EPC: Has issued 4.81 mln shares to 12 banks under corporate debt restructuring scheme.
* TATA GLOBAL BEVERAGES: Amalgamated Plantations--the enterprise carved out of the company--plans to launch its own label to market tea.
* VIJAYA BANK: Has managed to raise 7 bln rupees by selling shares to institutional investors from both India and abroad in a qualified institutional placement which closed on Tuesday.
* WIPRO: Group Company Wipro Gallagher Solutions has made its automation platform Net Oxygen compliant to Home Mortgage Disclosure Act.
