Daily Stock News Today – 12.12.2017
* ASIAN PAINTS: Has acquired remaining 59,868 shares or 49% stake in Sleek International from Ahuja family for 500 mln rupees.
* CANARA BANK: Has issued a request for proposal to appoint merchant bankers as lead managers for its proposed qualified institutional placement.
* CENTRUM CAPITAL: Eight Capital Group and the company are in a race to pick up a majority stake in Hindustan Dorr-Oliver, which is currently facing corporate insolvency proceedings.
* DEN NETWORKS: Ratings agency ICRA has upgraded the rating on the company's long-term and shortterm lines of credit totalling 6.5 bln rupees.
* DR REDDY'S LABORATORIES: Has received an establishment inspection report from the US Food and Drug Administration as closure of audit of its formulations manufacturing unit-3 in Hyderabad.
* GAIL INDIA: Will import about 5 mln tn of liquefied natural gas from the US next fiscal, replacing the volumes the state-owned utility buys from the spot market.
* HINDUSTAN UNILEVER: The meteoric rise of Patanjali Ayurvedic in India has begun to weigh on the performance of some of the biggest personal care brands owned by the company.
* IVRCL: The STATE BANK OF INDIA on Monday moved the National Company Law Tribunal against the company as the deadline to resolve the large non-performing assets outside the National Company Law Tribunal mechanism is set to expire on Dec 13.
* JAI BALAJI INDUSTRIES: UCO BANK and ALLAHABAD BANK have sold their entire loan exposure to the company to Edelweiss Asset Reconstruction Co, ahead of a deadline to begin bankruptcy proceedings against the debt-laden steelmaker.
* JAYPEE INFRATECH: Homebuyers of the company have requested the insolvency resolution professional to give them access to portions of the resolution plan dealing with their interest or upload those parts of the broader revival proposal on a website.
* LARSEN & TOUBRO INFOTECH: Has completed the acquisition of Syncordis Software Services India from Syncordis SA, Luxembourg.
* MAJESCO: The board will consider raising funds through further issue of shares or convertible securities up to 2.5 bln rupees on Thursday.
* MANPASAND BEVERAGES: Plans to expand into newer geographies and enter rapidly growing product segments to maintain its pace of growth.
* MAX LIFE INSURANCE: After growing at around 19% in Apr-Sep, the company is targeting higher growth for the second half of the current financial year ending March.
* NATCO PHARMA: Has authorised the opening of a qualified institutional placement. It has set the floor price for the qualified institutional placement of shares at 937.63 rupees apiece.
* NBCC (INDIA): Morgan Stanley France SAS sold 7.33 mln shares of the company, or 0.81% stake, to Societe Generale at 260.40 rupees a share.
* NTPC: Has clarified the company wasn't aware of any additional information in a corruption case filed against its Director Finance Kulamani Biswal by the Central Bureau of Investigation.
* PC JEWELLER: DVI Fund (Mauritius) sold 7.9 mln shares or 2% stake in the company on Dec 7 via open market.
* PUNJAB NATIONAL BANK: Has lowered its marginal cost of funds-based lending rates on some tenors by 5 to 10 basis points.
* RADICO KHAITAN: Societe Generale has sold 1.5 mln shares of the company through a block deal at 275 rupees a share, as per data on the National Stock Exchange.
* RELIGARE ENTERPRISES: Resilient India Growth Fund acquired 9.88%, or 17.64 mln shares, in the company in open market on Thursday.
* RURAL ELECTRIFICATION CORP: Is in the international bond market with a benchmark issue to raise at least $400 mln in three-year dollar money.
* SREI INFRASTRUCTURE AND FINANCE: Morgan Stanley France SAS sold 0.56% stake or 2.82 mln shares of the company to Societe Generale of France at 100.65 rupees apiece.
* SRS FINANCE: The board approved splitting shares in the ratio of 10-for-1.
* TATA CHEMICALS: Will hold a postal ballot seeking shareholder approval for the sale, disposal, and transfer of the phosphatic fertilisers business and trading business at Haldia, West Bengal, by way of a slump sale to IRC Agrochemicals for 3.8 bln rupees.
* TATA COMMUNICATIONS: It has been in constant talks with the government over the years on the issue of demerging surplus land into a separate entity.
* TATA MOTORS: Will unveil six construction and mining commercial vehicles under the heavy-duty tipper segment at the International Construction Equipment and Construction Technology Fair in Bengaluru that opens on Tuesday.
* TATA TELESERVICES (MAHARASHTRA): Had 7.07 mln subscribers as on Nov 30, in the Mumbai and Maharashtra circles put together.
* UCO BANK: Singapore-based Green Grid Group's efforts to restructure the debt of its Indian subsidiary have been hindered by the bank, its lender.
* XPRO INDIA: Has sold its property in Kolkata for 210 mln rupees to non-related parties and also executed necessary sale deeds.
* YES BANK: To make micro, small & medium enterprises sustainable and globally competitive, the bank has seen its CSR project 'Say Yes to Sustainable micro, small & medium enterprises in India'.
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* CANARA BANK: Has issued a request for proposal to appoint merchant bankers as lead managers for its proposed qualified institutional placement.
* CENTRUM CAPITAL: Eight Capital Group and the company are in a race to pick up a majority stake in Hindustan Dorr-Oliver, which is currently facing corporate insolvency proceedings.
* DEN NETWORKS: Ratings agency ICRA has upgraded the rating on the company's long-term and shortterm lines of credit totalling 6.5 bln rupees.
* DR REDDY'S LABORATORIES: Has received an establishment inspection report from the US Food and Drug Administration as closure of audit of its formulations manufacturing unit-3 in Hyderabad.
* GAIL INDIA: Will import about 5 mln tn of liquefied natural gas from the US next fiscal, replacing the volumes the state-owned utility buys from the spot market.
* HINDUSTAN UNILEVER: The meteoric rise of Patanjali Ayurvedic in India has begun to weigh on the performance of some of the biggest personal care brands owned by the company.
* IVRCL: The STATE BANK OF INDIA on Monday moved the National Company Law Tribunal against the company as the deadline to resolve the large non-performing assets outside the National Company Law Tribunal mechanism is set to expire on Dec 13.
* JAI BALAJI INDUSTRIES: UCO BANK and ALLAHABAD BANK have sold their entire loan exposure to the company to Edelweiss Asset Reconstruction Co, ahead of a deadline to begin bankruptcy proceedings against the debt-laden steelmaker.
* JAYPEE INFRATECH: Homebuyers of the company have requested the insolvency resolution professional to give them access to portions of the resolution plan dealing with their interest or upload those parts of the broader revival proposal on a website.
* LARSEN & TOUBRO INFOTECH: Has completed the acquisition of Syncordis Software Services India from Syncordis SA, Luxembourg.
* MAJESCO: The board will consider raising funds through further issue of shares or convertible securities up to 2.5 bln rupees on Thursday.
* MANPASAND BEVERAGES: Plans to expand into newer geographies and enter rapidly growing product segments to maintain its pace of growth.
* MAX LIFE INSURANCE: After growing at around 19% in Apr-Sep, the company is targeting higher growth for the second half of the current financial year ending March.
* NATCO PHARMA: Has authorised the opening of a qualified institutional placement. It has set the floor price for the qualified institutional placement of shares at 937.63 rupees apiece.
* NBCC (INDIA): Morgan Stanley France SAS sold 7.33 mln shares of the company, or 0.81% stake, to Societe Generale at 260.40 rupees a share.
* NTPC: Has clarified the company wasn't aware of any additional information in a corruption case filed against its Director Finance Kulamani Biswal by the Central Bureau of Investigation.
* PC JEWELLER: DVI Fund (Mauritius) sold 7.9 mln shares or 2% stake in the company on Dec 7 via open market.
* PUNJAB NATIONAL BANK: Has lowered its marginal cost of funds-based lending rates on some tenors by 5 to 10 basis points.
* RADICO KHAITAN: Societe Generale has sold 1.5 mln shares of the company through a block deal at 275 rupees a share, as per data on the National Stock Exchange.
* RELIGARE ENTERPRISES: Resilient India Growth Fund acquired 9.88%, or 17.64 mln shares, in the company in open market on Thursday.
* RURAL ELECTRIFICATION CORP: Is in the international bond market with a benchmark issue to raise at least $400 mln in three-year dollar money.
* SREI INFRASTRUCTURE AND FINANCE: Morgan Stanley France SAS sold 0.56% stake or 2.82 mln shares of the company to Societe Generale of France at 100.65 rupees apiece.
* SRS FINANCE: The board approved splitting shares in the ratio of 10-for-1.
* TATA CHEMICALS: Will hold a postal ballot seeking shareholder approval for the sale, disposal, and transfer of the phosphatic fertilisers business and trading business at Haldia, West Bengal, by way of a slump sale to IRC Agrochemicals for 3.8 bln rupees.
* TATA COMMUNICATIONS: It has been in constant talks with the government over the years on the issue of demerging surplus land into a separate entity.
* TATA MOTORS: Will unveil six construction and mining commercial vehicles under the heavy-duty tipper segment at the International Construction Equipment and Construction Technology Fair in Bengaluru that opens on Tuesday.
* TATA TELESERVICES (MAHARASHTRA): Had 7.07 mln subscribers as on Nov 30, in the Mumbai and Maharashtra circles put together.
* UCO BANK: Singapore-based Green Grid Group's efforts to restructure the debt of its Indian subsidiary have been hindered by the bank, its lender.
* XPRO INDIA: Has sold its property in Kolkata for 210 mln rupees to non-related parties and also executed necessary sale deeds.
* YES BANK: To make micro, small & medium enterprises sustainable and globally competitive, the bank has seen its CSR project 'Say Yes to Sustainable micro, small & medium enterprises in India'.
