Today Stock News – 19.01.2018
* ALEMBIC: Board will meet on Tuesday to consider a proposal to buy back fully paid-up equity shares.
* AXIS BANK: Has appointed an external agency to probe the alleged leak of its June quarter earnings on social media platform WhatsApp. Axis Securities, a subsidiary of the bank, has become the first bank-promoted broking entity to receive membership of MULTI COMMODITY EXCHANGE OF INDIA, after the Reserve Bank of India allowed banks to provide broking services in commodities derivatives.
* ARMAN FINANCIAL SERVICES: Reliance Mutual Fund has sold its entire 6.9% stake or 394,798 shares in the company at 255.50 rupees each through a bulk deal on BSE.
* BAJAJ AUTO: Has launched two new variants of the two-wheeler Avenger--Cruise 220cc and Street 220cc.
* BHARTI AIRTEL: The board has decided to pay interim dividend of 2.84 rupees per share.
* BIOCON: Has signed a pact with Sandoz, a Novartis group company, to develop, manufacture and market multiple biosimilars in the immunology and oncology space.
* CYIENT: The board has decided to pay interim dividend of 4 rupees per share.
* COMPUCOM SOFTWARE: Has received a letter of intent from Rajasthan Council of Secondary Education for a project worth 374.8 mln rupees.
* GALLANTT ISPAT: The board will meet on Wednesday to consider and approve the regrouping of accounts for the purpose of income tax.
* GEOJIT FINANCIAL SERVICES: Has been admitted as trading and clearing member on MULTI COMMODITY EXCHANGE OF INDIA.
* GODREJ AGROVET: On Wednesday acquired 51% stake in Maxximilk by way of a preferential issue.
* HEALTHCARE GLOBAL ENTERPRISES: The Reserve Bank of India notified that foreign portfolio investors can invest up to 100% of the paid-up capital in the company under the portfolio investment scheme, against a cap of 24% earlier.
* ICICI BANK: Arm ICICI Venture has agreed to buy around 14% stake in Chennai-based Go Fashion India for about 1 bln rupees.
* IDEA CELLULAR: Has announced cash back offers worth 3,300 rupees for its customers who recharge using online and digital platforms, as competition for subscribers intensifies. The new 'Magic Cashback offer' is applicable for all prepaid customers till Feb 10.
* IL&FS TRANSPORTATION NETWORKS: The board has approved raising up to 20 bln rupees through Masala bonds, or rupee-denominated bonds issued overseas.
* ITC: Plans to add 5,000 rooms across new hotels over the next three to five years. This would include setting up of its first overseas property in Colombo, Sri Lanka.
* L&T FINANCE HOLDINGS: Plans to raise 40 bln rupees through qualified institutional placement.
* MAGMA FINCORP: Ministry of Corporate Affairs has approved merger of wholly-owned subsidiary Magma Advisory Services with the company.
* MRF: Achieved a significant milestone with the commencement of supply of nose wheel tyre for the Indian Air Force's fighter aircraft.
* OSWAL GREENTECH: Has sold 5.03 mln shares or 2.5% stake in MONNET ISPAT & ENERGY through the open market from Jan 4 to Jan 9.
* POWER MECH PROJECTS: Got three work orders worth 1.92 bln rupees.
* RELIANCE INDUSTRIES: Moody's Investors Service has estimated that the company will invest $23 bln into its telecom business, Reliance Jio Infocomm, over the next 3-4 years.
* SANGHI INDUSTRIES: Its qualified institutional placement opened today, with the floor price set at 135.48 rupees per share.
* SAVITA OIL TECHNOLOGIES: Board will meet on Tuesday to consider a proposal to buy back its fully paid-up equity shares.
* SHAH ALLOYS: General Insurance Corp of India has sold 112,189 shares or 0.6% stake in the company at 18.30 rupees each through a bulk deal on the National Stock Exchange.
* STAR CEMENT: SBI Mutual Fund bought 15.35 mln shares or 3.7% stake in the company at 129.97 rupees apiece through a bulk deal on the National Stock Exchange.
* SWAN ENERGY: The company's board has approved raising up to 10 bln rupees through the issue of equity shares, or a qualified institutional placement or a private placement, or through other securities.
* TATA MOTORS: Expects to address 95% of the passenger vehicle market by 2020, up from a little less than twothirds now.
* TATA STEEL: Has launched two new branded Linz-Donawitz slag products, Tata Aggreto and Tata Nirman, for use in building of roads, fly ash bricks and clinkers. ABJA Investment Co, a Singapore-based subsidiary of the company, has priced its dollar bonds having two different tenures to raise a total of $1.3 bln.
* TECH MAHINDRA: Wholly-owned subsidiary Tech Mahindra (Americas) Inc will acquire 17.5% stake in Altiostar Networks Inc for $15 mln. Mahindra Comviva, the company's mobile solutions provider arm, has entered into a partnership with Sacom Mediaworks to source content for its video-on-demand platforms.
* TORRENT PHARMACEUTICALS: Through its wholly-owned subsidiary Torrent Pharmaceuticals Inc has acquired USbased Bio-Pharm Inc, a generic pharmaceuticals and over-the-counter drug company.
* TUBE INVESTMENTS OF INDIA: The company allotted 4 mln equity shares in the share capital of TI Tsubamex on Wednesday.
* UNITED BREWERIES: The Enforcement Directorate plans to sell a large chunk of unpledged shares owned by Vijay Mallya in the company, to raise more than 40 bln rupees, or nearly half of the money owed by the liquor baron to lenders.
* WELSPUN CORP: The board of the company will on Tuesday consider raising up to 2.5 bln rupees through nonconvertible debentures.
* YES BANK: Has hiked its marginal cost of fund-based lending rates by 10 basis points across tenures, effective Jan 1. Plans to launch its maiden medium term notes offering in the "next few weeks", and will raise at least $300 mln.
* ZENSAR TECHNOLOGIES: The board has decided to pay interim dividend of 5 rupees per share.
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* AXIS BANK: Has appointed an external agency to probe the alleged leak of its June quarter earnings on social media platform WhatsApp. Axis Securities, a subsidiary of the bank, has become the first bank-promoted broking entity to receive membership of MULTI COMMODITY EXCHANGE OF INDIA, after the Reserve Bank of India allowed banks to provide broking services in commodities derivatives.
* ARMAN FINANCIAL SERVICES: Reliance Mutual Fund has sold its entire 6.9% stake or 394,798 shares in the company at 255.50 rupees each through a bulk deal on BSE.
* BAJAJ AUTO: Has launched two new variants of the two-wheeler Avenger--Cruise 220cc and Street 220cc.
* BHARTI AIRTEL: The board has decided to pay interim dividend of 2.84 rupees per share.
* BIOCON: Has signed a pact with Sandoz, a Novartis group company, to develop, manufacture and market multiple biosimilars in the immunology and oncology space.
* CYIENT: The board has decided to pay interim dividend of 4 rupees per share.
* COMPUCOM SOFTWARE: Has received a letter of intent from Rajasthan Council of Secondary Education for a project worth 374.8 mln rupees.
* GALLANTT ISPAT: The board will meet on Wednesday to consider and approve the regrouping of accounts for the purpose of income tax.
* GEOJIT FINANCIAL SERVICES: Has been admitted as trading and clearing member on MULTI COMMODITY EXCHANGE OF INDIA.
* GODREJ AGROVET: On Wednesday acquired 51% stake in Maxximilk by way of a preferential issue.
* HEALTHCARE GLOBAL ENTERPRISES: The Reserve Bank of India notified that foreign portfolio investors can invest up to 100% of the paid-up capital in the company under the portfolio investment scheme, against a cap of 24% earlier.
* ICICI BANK: Arm ICICI Venture has agreed to buy around 14% stake in Chennai-based Go Fashion India for about 1 bln rupees.
* IDEA CELLULAR: Has announced cash back offers worth 3,300 rupees for its customers who recharge using online and digital platforms, as competition for subscribers intensifies. The new 'Magic Cashback offer' is applicable for all prepaid customers till Feb 10.
* IL&FS TRANSPORTATION NETWORKS: The board has approved raising up to 20 bln rupees through Masala bonds, or rupee-denominated bonds issued overseas.
* ITC: Plans to add 5,000 rooms across new hotels over the next three to five years. This would include setting up of its first overseas property in Colombo, Sri Lanka.
* L&T FINANCE HOLDINGS: Plans to raise 40 bln rupees through qualified institutional placement.
* MAGMA FINCORP: Ministry of Corporate Affairs has approved merger of wholly-owned subsidiary Magma Advisory Services with the company.
* MRF: Achieved a significant milestone with the commencement of supply of nose wheel tyre for the Indian Air Force's fighter aircraft.
* OSWAL GREENTECH: Has sold 5.03 mln shares or 2.5% stake in MONNET ISPAT & ENERGY through the open market from Jan 4 to Jan 9.
* POWER MECH PROJECTS: Got three work orders worth 1.92 bln rupees.
* RELIANCE INDUSTRIES: Moody's Investors Service has estimated that the company will invest $23 bln into its telecom business, Reliance Jio Infocomm, over the next 3-4 years.
* SANGHI INDUSTRIES: Its qualified institutional placement opened today, with the floor price set at 135.48 rupees per share.
* SAVITA OIL TECHNOLOGIES: Board will meet on Tuesday to consider a proposal to buy back its fully paid-up equity shares.
* SHAH ALLOYS: General Insurance Corp of India has sold 112,189 shares or 0.6% stake in the company at 18.30 rupees each through a bulk deal on the National Stock Exchange.
* STAR CEMENT: SBI Mutual Fund bought 15.35 mln shares or 3.7% stake in the company at 129.97 rupees apiece through a bulk deal on the National Stock Exchange.
* SWAN ENERGY: The company's board has approved raising up to 10 bln rupees through the issue of equity shares, or a qualified institutional placement or a private placement, or through other securities.
* TATA MOTORS: Expects to address 95% of the passenger vehicle market by 2020, up from a little less than twothirds now.
* TATA STEEL: Has launched two new branded Linz-Donawitz slag products, Tata Aggreto and Tata Nirman, for use in building of roads, fly ash bricks and clinkers. ABJA Investment Co, a Singapore-based subsidiary of the company, has priced its dollar bonds having two different tenures to raise a total of $1.3 bln.
* TECH MAHINDRA: Wholly-owned subsidiary Tech Mahindra (Americas) Inc will acquire 17.5% stake in Altiostar Networks Inc for $15 mln. Mahindra Comviva, the company's mobile solutions provider arm, has entered into a partnership with Sacom Mediaworks to source content for its video-on-demand platforms.
* TORRENT PHARMACEUTICALS: Through its wholly-owned subsidiary Torrent Pharmaceuticals Inc has acquired USbased Bio-Pharm Inc, a generic pharmaceuticals and over-the-counter drug company.
* TUBE INVESTMENTS OF INDIA: The company allotted 4 mln equity shares in the share capital of TI Tsubamex on Wednesday.
* UNITED BREWERIES: The Enforcement Directorate plans to sell a large chunk of unpledged shares owned by Vijay Mallya in the company, to raise more than 40 bln rupees, or nearly half of the money owed by the liquor baron to lenders.
* WELSPUN CORP: The board of the company will on Tuesday consider raising up to 2.5 bln rupees through nonconvertible debentures.
* YES BANK: Has hiked its marginal cost of fund-based lending rates by 10 basis points across tenures, effective Jan 1. Plans to launch its maiden medium term notes offering in the "next few weeks", and will raise at least $300 mln.
* ZENSAR TECHNOLOGIES: The board has decided to pay interim dividend of 5 rupees per share.
