Check out the companies which will be in focus during trade today based on recent and latest news developments.
SBI: ChrysCapital Investment Advisors India Pvt. Ltd and Singapore’s sovereign wealth fund GIC Pte. Ltd are planning to acquire 5% stake in National Stock Exchange of India Ltd (NSE), according to reports.
Aviation stocks in focus: Aviation stocks are likely to be in focus. The cabinet is likely to take a call on 5/20 rule today and may modify it, as per media report.
Coal India: The company said its subsidiary South Eastern Coalfields Ltd will buy back shares worth Rs.1,200.19 crore.
Infosys: Infosys has added almost Rs. 1 lakh crore in market value in the last two years, says report.
Tata Power : The company will buy 25% of Resurgent Power for $300 million as part of a consortium to primarily buy both coal-fired and hydro power assets in India, besides looking at power transmission companies, as per media report.
PNB: Punjab National Bank declared a list of 913 willful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs.11,486 crore.
Aurobindo Pharma: FIPB has approved two FDI proposals, including that of Aurobindo Pharma, as per media report.
Fertiliser stocks: Union Minister of State for Chemical and Fertilizer Hansraj Gangaram Ahir said that it will not increase the prices of urea for the next 3 years.
Crompton Greaves Consumer Electricals Ltd: The company said HDFC Mutual Fund has trimmed its stake in the company by 2.01% to 7.20% by sale of shares worth Rs.168 crore in the open market.
Bharti Infratel: The telecom company will buy back shares worth Rs.2,000 crore from shareholders.
Aditya Birla Nuvo: Aditya Birla Nuvo announced in reference with the Joint Venture Agreement entered into by the Company with MMI Holdings, a leading South African Insurance based financial services group, to enter into the Health Insurance and Wellness business in India, subject to the regulatory approvals.
Suven Life Sciences Ltd: The company announced that the grant of one product patent from Canada and one product patent from Hong Kong corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032 and 2030 respectively.
Dewan Housing Finance Corporation Ltd: The Company proposes to issue Secured Redeemable Non Convertible Debentures amounting to Rs. 400.00 Crore and a Greenshoe option up to Rs. 175.00 Crore on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 31st Annual General Meeting held on July 23, 2015, on the terms and conditions.
HDIL: The real estate company is in talks to sell 3-4 land parcels near Mumbai as it looks to bring down its net debt to about Rs.2,000 crore by the end of this fiscal.
Union Bank of India: The Bank intends to raise capital funds through issuance of Tier 2 bonds. In this regard, CRISIL Ratings has assigned 'CRISIL AAA' rating with negative outlook to the Bank's proposed Basel III compliant Tier 2 bond issue of Rs. 1000 crore.
Satin Creditcare Network Limited: The company has raised Rs. 25 crore by issuing Non-Convertible, Redeemable, Cumulative, Preference Shares (“NCRCPS”) to Karvy Capital Limited. IFMR Capital executed the private placement of the CARE BBB rated Preference shares at coupon of 12.10% p.a and redeemable after approximately 5 years.
Kwality Ltd :The board has approved raising up to Rs.60 crore by way of preferential allotment of equity shares, convertible warrants and compulsory convertible debentures from "persons/entities other than promoter group".
Tata Motors: According to the Cogencis report, the company's luxury car making arm Jaguar Land Rover has started a new manufacturing plant in Brazil.
Union Bank of India: The bank is planning to raise funds through the issuance of Basel III-compliant tier-II bonds.
Aviation stocks in focus: Aviation stocks are likely to be in focus. The cabinet is likely to take a call on 5/20 rule today and may modify it, as per media report.
Coal India: The company said its subsidiary South Eastern Coalfields Ltd will buy back shares worth Rs.1,200.19 crore.
Infosys: Infosys has added almost Rs. 1 lakh crore in market value in the last two years, says report.
Tata Power : The company will buy 25% of Resurgent Power for $300 million as part of a consortium to primarily buy both coal-fired and hydro power assets in India, besides looking at power transmission companies, as per media report.
PNB: Punjab National Bank declared a list of 913 willful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs.11,486 crore.
Aurobindo Pharma: FIPB has approved two FDI proposals, including that of Aurobindo Pharma, as per media report.
Fertiliser stocks: Union Minister of State for Chemical and Fertilizer Hansraj Gangaram Ahir said that it will not increase the prices of urea for the next 3 years.
Crompton Greaves Consumer Electricals Ltd: The company said HDFC Mutual Fund has trimmed its stake in the company by 2.01% to 7.20% by sale of shares worth Rs.168 crore in the open market.
Bharti Infratel: The telecom company will buy back shares worth Rs.2,000 crore from shareholders.
Aditya Birla Nuvo: Aditya Birla Nuvo announced in reference with the Joint Venture Agreement entered into by the Company with MMI Holdings, a leading South African Insurance based financial services group, to enter into the Health Insurance and Wellness business in India, subject to the regulatory approvals.
Suven Life Sciences Ltd: The company announced that the grant of one product patent from Canada and one product patent from Hong Kong corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032 and 2030 respectively.
Dewan Housing Finance Corporation Ltd: The Company proposes to issue Secured Redeemable Non Convertible Debentures amounting to Rs. 400.00 Crore and a Greenshoe option up to Rs. 175.00 Crore on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 31st Annual General Meeting held on July 23, 2015, on the terms and conditions.
HDIL: The real estate company is in talks to sell 3-4 land parcels near Mumbai as it looks to bring down its net debt to about Rs.2,000 crore by the end of this fiscal.
Union Bank of India: The Bank intends to raise capital funds through issuance of Tier 2 bonds. In this regard, CRISIL Ratings has assigned 'CRISIL AAA' rating with negative outlook to the Bank's proposed Basel III compliant Tier 2 bond issue of Rs. 1000 crore.
Satin Creditcare Network Limited: The company has raised Rs. 25 crore by issuing Non-Convertible, Redeemable, Cumulative, Preference Shares (“NCRCPS”) to Karvy Capital Limited. IFMR Capital executed the private placement of the CARE BBB rated Preference shares at coupon of 12.10% p.a and redeemable after approximately 5 years.
Kwality Ltd :The board has approved raising up to Rs.60 crore by way of preferential allotment of equity shares, convertible warrants and compulsory convertible debentures from "persons/entities other than promoter group".
Tata Motors: According to the Cogencis report, the company's luxury car making arm Jaguar Land Rover has started a new manufacturing plant in Brazil.
Union Bank of India: The bank is planning to raise funds through the issuance of Basel III-compliant tier-II bonds.
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