Today's Stock News - 27.08.2019: 09.00 Am
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* BAJAJ HINDUSTHAN SUGAR: Has entered into standstill period on payment of its debt as STATE
BANK OF INDIA-led consortium of lenders has signed the inter creditor agreement for resolution of the company's debt.
* BANK OF BARODA: Has approved raising up to 16.5 bln rupees through the issuance of Basel IIIcompliant additional tier-I bonds and up to 5 bln rupees via tier-II bonds.
* BRITANNIA INDUSTRIES: Is looking to double turnover of its dairy verticals over next two to three years.
* GULF OIL LUBRICANTS INDIA: The company, which is keen to grow its two-wheeler battery business, is contemplating setting up an assembly plant soon.
* IDBI BANK: Has reduced interest rates on retail term deposits by 5-25 basis points on most tenures, effective Monday.
* IL&FS TRANSPORTATION NETWORKS: Has defaulted on 22.93-mln-rupee interest payment on nonconvertible debentures due between May 25 and Aug 24.
* INFOSYS: Said a board committee is considering closure of the 82.60-bln-rupee buyback offer with the company, utilising almost full size of the issue approved.
* JAYPEE INFRATECH: Homebuyers of the company have moved the Supreme Court, challenging the July order of the National Company Law Appellate Tribunal that allowed fresh bidding for the company and also barred promoters from participating in the fresh auction.
* JET AIRWAYS (INDIA): The resolution professional and the committee of creditors appointed for the airline has for the second time decided to extend the deadline for expressions of interest to Aug 31.
* LIC HOUSING FINANCE: Funds owned by Fidelity sold 33.41 mln shares in the company, representing 6.62% stake, through the open market on Aug 22.
- Is planning to raise at least 2.5 bln rupees through bonds maturing in five years, and has invited bids for the same on Wednesday.
* MARUTI SUZUKI INDIA: Is looking at CNG option to fill in the space vacated by small diesel engine cars in future.
* MOTILAL OSWAL FINANCIAL SERVICES: Motilal Oswal Real Estate, the real estate private equity arm of Motilal Oswal Group, has made over 5.25 bln rupees of exits across seven investments through its India Realty Excellence Fund II and India Realty Excellence Fund III.
* PIDILITE INDUSTRIES: The company, along with Bengaluru-based Chetana Expotential Technologies, will form a joint venture in India, to work on technology in the field of post compressed aerated concrete wall panels.
* RBL BANK: Hours after V.G. Sidhartha's letter hit the social media on Jul 30, several officials of the bank sold shares of the private lender which had exposure to some of the companies controlled and linked to the founder of Cafe Coffee Day.
* RELIANCE COMMUNICATIONS: The committee of creditors of the company will hold their sixth
meeting today.
* RELIANCE INFRASTRUCTURE: Nordea Investment Funds has sold 1.3 mln shares or 0.5% stake in the company at 41.44 rupees a share through a bulk deal on the National Stock Exchange.
* RELIANCE NIPPON LIFE ASSET MANAGEMENT: Japan's Nippon Life Insurance has bought additional 10.56% stake in the company through an open offer, taking its total stake to 53.46%.
* SASTASUNDAR VENTURES: Japan-based Mitsubishi Corp has signed an agreement to invest 1 bln rupees in the company's subsidiary Sastasundar Healthbuddy.
* STEEL AUTHORITY OF INDIA: With no takers, the deadline for submitting expressions of interest for strategic disinvestment of three specialty steel plants of the company has been extended for the third time till Sep 10.
* TATA CONSULTANCY SERVICES: A US district court has refused to hold a fresh trial in a case where it had cleared the company of discrimination against local employees.
* TATA MOTORS: Is going for a second block closure in this month at its Pune plant from where it rolls out passenger cars and commercial vehicles.
* TATA STEEL: The company, ADANI PORTS AND SPECIAL ECONOMIC ZONE and Essar Ports have submitted initial bids to build captive berths at the western dock of Paradip Port Trust with an investment of 20.4 bln rupees.
* TITAGARH WAGONS: Has decided to exit from France-based Arbel Fauvet Rail, the company's first overseas acquisition.
* UNITED BANK OF INDIA: Has invited bids from asset reconstruction companies, banks, non-banking finance companies and financial institutions for proposed sale of 42 non-performing loan accounts worth 21.82 bln rupees.
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