Pfizer, Max India, Lanco Infratech among 18 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Pfizer: Pfizer Inc. and Allergan plc announced that their boards of directors have unanimously approved, and the companies have entered into, a definitive merger agreement under which Pfizer, a global innovative biopharmaceutical company, will combine with Allergan, a global pharmaceutical company and a leader in a new industry model – Growth Pharma, in a stock transaction currently valued at $363.63 per Allergan share, for a total enterprise value of approximately $160 billion, based on the closing price of Pfizer common stock of $32.18 on November 20, 2015.

Nestle India: Nestle announced that the company have commenced the manufacturing of your favourite MAGGI Noodles at Pantnagar factory in Uttarakhand.

Wockhardt: National Pharmaceutical Pricing Authority (NPPA) has given exemption to three insulins of Wockhardt Ltd for five years.

Petronet LNG: Qatar has agreed to waive $1 billion penalty on India for breaking a long-term LNG contract, and has also consented to change the pricing formula to reflect the slump in global energy rates.

Lanco Infratech Ltd: The company has announced that Lanco Anpara Power Limited - 1200 MW (LAnPL) one of the step down subsidiary of the Company received tariff order from UPERC to compensate for changes in RFP / PPA conditions in respect of coal supply and power purchase payments.

Tata Steel: Tata Steel is planning raise at least $1.5 bn to refinance its debt. As per media reports. The fund size may go up to as high as $3 billion.
 
Federal Bank: The bank has recduced base rate to 9.63% From 9.95%, effective December 1.

JSW Steel: Fitch Ratings has revised JSW Steel Limited's (JSW Steel) Outlook to Negative from Stable, while affirming the Long-Term Issuer Default Rating (IDR) at 'BB+'.

IOC: Gujarat Refinery of Indian Oil Corporation Ltd. (IOCL) has decided to set up 1,400 MW solar power systems that will be commissioned in 2016, a top company official said on Monday.

IDBI Bank: The bank will issue five-year green bonds to overseas investors, the proceeds of which will be used to fund clean energy projects.
Max India: Max India stated that it is planning to sell 23% stake in Max Bupa Health Insurance to Bupa Plc For Rs. 191 crore. The company added that Max Bupa Health Insurance stake sale will be an all cash transaction. 

Hexaware Technologies: The IT company has entered into a strategic partnership with Blue Prism, the leading developer of robotic process automation (RPA) software, to transform support processes by enabling rapid automation of manual, rules based, back office administrative processes through RPA.

Cera Sanitaryware: The Ahmedabad-based Cera Sanitaryware Ltd has caquired 100% shares of the Andhra Pradesh-based Anjani Tiles Ltd. “Now, Anjani Tiles Ltd has become our subsidiary with immidiate effect,” said the company in a BSE filing.

MRF Ltd: The company is planning to set up a INR 900-crore facility in Medak district of Telangana, Telangana Industries Minister Jupally Krishna Rao

SeQuent Scientific Ltd: The company said that its subsidiary Alivira Animal Health Ltd (Alivira) will acquire Topkim Ilaç Premiks San. ve Tic. A.S ̧(Topkim) of Turkey. The acquisition will be made through Provet Veterinary Products, Turkey, a subsidiary of Alivira, the company said.

Gammon India Ltd: A consortium of lenders to Gammon India Ltd. has decided to convert part of the company’s Rs. 15,000 crore debt into equity under the strategic debt restructuring (SDR) exercise

Vipul Ltd: The company has announced that the Debenture Committee of the Board of Directors of the Company at its meeting held on November 23, 2015 inter alia, have accorded their consent on the followings with regard to proposed issue of Tranche / Secries-3 of the Debt Instrument on private placement.

Sun Pharmaceuticals Industries Ltd: The pharma cmpany has informed the stock exchange that it has made payment of interest on and redemption amount pertaining to 5,000 Secured Rated Redeemable Non-Convertible Debentures (NCD) of the face value of Rs.10,00,000 each aggregating to Rs. 500 crores (listed on NSE) on November 23, 2015 to the NCD holders of the company whose names stand registered on the Register of beneficial owners maintained by depositories in respect of the NCDs held in electronic form on November 10, 2015.

Suzlon Energy: Suzlon Energy said that order is for 31.50 megawatts (MW) of wind power project. Suzlon will install its 597 suite of WTGs (wind turbine generators) with 120m hub height and rated capacity of 2.1 MW each at Zaheerabad site in Medak district, Telangana on supply and installation basis. The project will be scheduled for commissioning by June 2016.