Daily Stock News Today – 29.08.2017
* BANK OF INDIA: Will complete sale of its 29.96% equity stake in STCI Finance by Thursday.
* BOMBAY RAYON FASHIONS: Board has approved to issue up to 19.31 mln shares of face value of 10 rupees each and up to 106,732 optionally convertible debentures of face value of 1,000 rupees each to STATE BANK OF INDIA.
* BSE: Ashishkumar Chauhan has been re-appointed managing director and chief executive officer
for five years from Nov 2017.
* CENTURY PLYBOARDS (INDIA): Subsidiary Century Ply (Singapore) has acquired 2% stake in Laos-based Huesoulin Wood Processing Factory Co, taking its shareholding to 51% from 49%.
* COAL INDIA: The company's profit may come under pressure this year as it will have to cough up more than the amount provisioned for salary increases and arrears.
* DALMIA BHARAT: Will seek the approval of its shareholders to raise up to 40 bln rupees through various securities.
* DLF: GIC's investment in the company's rental assets arm DLF Cyber City Developers will be a "massive" help when the company plans its real estate investment trust, Chief Executive Officer Rajeev Talwar said.
* INDIABULLS HOUSING FINANCE: Has bought back 450 non-convertible debentures.
* INFOSYS: Some promoters may participate in the company's share buyback exercise.
* JAIPRAKASH POWER VENTURES: Lenders to the company plan to sell at least 30% stake in the company through bidding process.
* NTPC: The government will sell up to 10% stake in the company through an offer for sale today and on Wednesday at a floor price of 168 rupees per share.
* RELIANCE INDUSTRIES: Plans to raise 75 bln rupees through issue of bonds maturing in three and five years.
* RELIANCE INFRASTRUCTURE: Greenko is in talks with the company to acquire its Mumbai electricity business for an enterprise value of 100-130 bln rupees.
* RELIGARE ENTERPRISES: Has raised 300 mln rupees through issue of 15-month non-convertible debentures, which are zero coupon in nature.
* THYROCARE TECHNOLOGIES: Norwest Venture Partners has sold 5 mln shares or 9.3% stake in the company through bulk deals on the National Stock Exchange at 670 rupees apiece.
* UNION BANK OF INDIA: Is planning tie-ups with financial technology companies to source leads for retail loans.
* VIJAYA BANK: Has set the floor price for its qualified institutional placement of securities at 66.36 rupees per equity share.
* WELSPUN ENTERPRISES: Had submitted a proposal to Madhya Pradesh State Industrial Development Corp to restructure the Dewas Industrial Water Supply Project under the Madhya Pradesh Infrastructure Development Guidelines 2014.
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* BANK OF INDIA: Will complete sale of its 29.96% equity stake in STCI Finance by Thursday.
* BOMBAY RAYON FASHIONS: Board has approved to issue up to 19.31 mln shares of face value of 10 rupees each and up to 106,732 optionally convertible debentures of face value of 1,000 rupees each to STATE BANK OF INDIA.
* BSE: Ashishkumar Chauhan has been re-appointed managing director and chief executive officer
for five years from Nov 2017.
* CENTURY PLYBOARDS (INDIA): Subsidiary Century Ply (Singapore) has acquired 2% stake in Laos-based Huesoulin Wood Processing Factory Co, taking its shareholding to 51% from 49%.
* COAL INDIA: The company's profit may come under pressure this year as it will have to cough up more than the amount provisioned for salary increases and arrears.
* DALMIA BHARAT: Will seek the approval of its shareholders to raise up to 40 bln rupees through various securities.
* DLF: GIC's investment in the company's rental assets arm DLF Cyber City Developers will be a "massive" help when the company plans its real estate investment trust, Chief Executive Officer Rajeev Talwar said.
* INDIABULLS HOUSING FINANCE: Has bought back 450 non-convertible debentures.
* INFOSYS: Some promoters may participate in the company's share buyback exercise.
* JAIPRAKASH POWER VENTURES: Lenders to the company plan to sell at least 30% stake in the company through bidding process.
* NTPC: The government will sell up to 10% stake in the company through an offer for sale today and on Wednesday at a floor price of 168 rupees per share.
* RELIANCE INDUSTRIES: Plans to raise 75 bln rupees through issue of bonds maturing in three and five years.
* RELIANCE INFRASTRUCTURE: Greenko is in talks with the company to acquire its Mumbai electricity business for an enterprise value of 100-130 bln rupees.
* RELIGARE ENTERPRISES: Has raised 300 mln rupees through issue of 15-month non-convertible debentures, which are zero coupon in nature.
* THYROCARE TECHNOLOGIES: Norwest Venture Partners has sold 5 mln shares or 9.3% stake in the company through bulk deals on the National Stock Exchange at 670 rupees apiece.
* UNION BANK OF INDIA: Is planning tie-ups with financial technology companies to source leads for retail loans.
* VIJAYA BANK: Has set the floor price for its qualified institutional placement of securities at 66.36 rupees per equity share.
* WELSPUN ENTERPRISES: Had submitted a proposal to Madhya Pradesh State Industrial Development Corp to restructure the Dewas Industrial Water Supply Project under the Madhya Pradesh Infrastructure Development Guidelines 2014.
