Today's Stock View – 07.12.2018
* AMTEK AUTO: Lenders to the company have approached the National Company Law Tribunal's
Chandigarh bench, seeking invocation of the Insolvency and Bankruptcy Code against the UK-based Liberty House for its failure to comply with the approved resolution plan for the automotive component maker.
* AUROBINDO PHARMA: Denied getting legal notice from US court over alleged carcinogenic elements in its blood pressure drug.
* BHARAT ELECTRONICS: Reliance Mutual Fund acquired 4.16% stake in the company through the open market on Tuesday.
* BHARAT FINANCIAL INCLUSION: Assigned a pool of receivables of an aggregate value of 8.34 bln rupees to a public sector bank on a direct assignment basis.
* GREAT EASTERN SHIPPING CO: Will spend $50 mln over the next four years to refurbish its fleet to comply with new regulations framed by the International Maritime Organisation on using low sulphur bunker fuels and ballast water treatment systems.
* HCL TECHNOLOGIES: Will buy some software products of IBM for $1.8 bln in an all-cash deal, which is expected to be completed by mid-2019.
* HOUSING AND URBAN DEVELOPMENT CORP: The board will meet on Tuesday to consider raising up to 10 bln rupees through bonds on private placement basis.
* ICICI BANK: The National Company Law Tribunal directed the resolution professional of Era
Infrastructure India to admit the bank's 7 bln rupees claim, which had been earlier denied by him.
* IL&FS ENGINEERING AND CONSTRUCTION CO: Non-executive independent director Bhaskar Chatterjee has tendered resignation with effect from Thursday, citing personal reasons.
* INDIAN OVERSEAS BANK: Plans to raise 3 bln rupees through tier-II bonds maturing in 10 years. -Will issue up to 244.50 mln shares to employees through employee stock-purchase scheme.
* KAJARIA CERAMICS: Wastch Advisors Inc has bought 0.7% stake in company at 435.35 rupees a share through bulk deal on the National Stock Exchange.
* KHADIM INDIA: Has issued commercial papers worth 300 mln rupees.
* NHPC: Committee of creditors have accepted the company's resolution plan for Lanco Teesta Hydro Power.
* POWER FINANCE CORP: Plans to raise at least 5 bln rupees through bonds maturing in 10 years and has invited bids on Monday.
* PUNJAB & SIND BANK: The bank's board will meet on Wednesday to mull raising up to 5 bln rupees through qualified institutional placement and to issue Basel-III compliant tier-II bonds worth up to 15 bln rupees in one or more tranches.
* PUNJ LLOYD: IFCI sold 1.3% stake or 4.3 mln shares in the company at 4.98 rupees a share through a bulk deal on the National Stock Exchange.
* REC: Reliance Mutual Fund acquired 5.14% stake in the company, through the open market on Tuesday.
-The company's board has approved incorporation of a joint venture between REC Transmission Projects Co and Maharashtra State Electricity Transmission Co for exploration of new business opportunities in the power sector in India and abroad.
-The company's board cleared the sale of Jawaharpur Firozabad Transmission, a subsidiary of REC
Transmission, to POWER GRID CORP OF INDIA.
* RELIANCE HOME FINANCE: Plans to raise up to 200 mln rupees through bonds maturing on Dec 6, 2022.
* RELIANCE INDUSTRIES: Plans to raise at least 15 bln rupees through bonds maturing in 10 years and may invite bids on Monday.
-Reliance Jio Infocomm's board will meet Tuesday, consider restructuring its listed debentures.
-Has extended Jio branding to real estate, naming a large mixed-use development it is building in Mumbai Jio World Centre.
* SAGAR CEMENTS: Consolidated cement sales rose 36.3% on year to 315,106 tn in November.
* TRIGYN TECHNOLOGIES: The UN has extended digital support contract with the company's US
subsidiary for six months. The contract will now expire on Jun 30.
* WIPRO: Digital business unit, Wipro Digital, has expanded its partnership with US-based Alfresco to create, build and run open source-based digital transformation programmes for its clients, across the globe.
* ZYDUS WELLNESS: Will raise up to 41 bln rupees through the issuance of equity shares and nonconvertible debentures to finance the acquisition of Heinz India.
RUPEEDESK - SHARE MARKET TRAINING
Whatsapp Number : 91-9094047040 / 91-9841986753
B Com /BBA/ MCom COACHING CLASS - 9944811555
