Check out the companies which will be in focus during trade today based on recent and latest news developments.
HDFC: HDFC Life and Max Life are in talks to create the country's biggest private life insurer, according to reports. Both the companies may announce plans in the next few days. If talks fructify, the merger will be the first among life insurers in more than a decade, the report added.
Sugar stocks in focus: Government imposed 20% customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40/kg.
Indian Oil Corp: Indian Oil Corp is reportedly planning to acquire the largest 37.5 per cent stake in the proposed joint venture to manage fuelling facilities at all airports.
Oriental Bank of Commerce: The company has now informed BSE that the issue of Basel III Compliant Tier 2 Bonds of Rs.10,00,000/- each for cash at par aggregating to Rs.500 crore with an option to retain oversubscription of up to Rs. 500 crore shall be open from June 17, 2016 to June 22, 2016 and the deemed date of allotment shall be June 24, 2016. The Bonds have been rated AA by ICRA & CARE and bear coupon rate of 9.05% p.a.
Kajaria Ceramics Ltd: The Board of Directors of the Company has approved the Sub-division of the equity shares of the Company from Rs. 2 each fully paid up to Re. 1 each fully paid up. Details required as per Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 is enclosed. This is however, subject to the approval of the shareholders.
Godrej Consumer Products: The company is scouting for acquisitions in Indonesia and has shared ‘a wish list of assets’ with various investment bankers as part of its inorganic growth strategy in the South East Asian nation, says report.
McNally Bharat: CCI has approved the proposed amalgamation of McNally Bharat, its subsidiary McNally Sayaji Engineering and EMC Ltd with Kilburn Engineering, says report.
Tech Mahindra: The company reportedly said it will continue to scout for companies and listed out digital technologies as a key focus area.
SBI: SBI has set up a Rs. 200 crore fund to invest in fintech startups, according to reports. The stock would remain in action following its decision to merge its subsidiaries with itself.
NTPC: The company is planning to add 2,500-MW of conventional capacity and at least an equal amount of renewable plants every year, as per media report.
Sharon Bio-Medicine Ltd: The company informed BSE that a meeting of the Board of Directors of the Company to consider and discuss the overall financial viability of the Company.
Glenmark Pharmaceuticals: International Finance Corp is looking to invest up to $75 million or about Rs.500 crore, in Glenmark Pharma which is raising $200 million to reduce debt and expand operations.
United Breweries (Holdings) Ltd: The company said it is seeking legal advice to take appropriate steps after the Enforcement Directorate attached properties worth Rs,1,411 crore belonging to the company and its promoter Vijay Mallya in the IDBI Bank loan default case, as per media reports.
Tata Power: Moody’s Investors Service has revised to negative from stable the outlook on the Ba3 corporate family rating and senior unsecured rating of Tata Power, days after the company said it will buy Welspun Renewable Energy at an enterprise value of Rs 9,249 crore.
Inox Leisure: The company announced an association with Paytm, to sell movie tickets to moviegoers.
Wipro: IT major Wipro has asked for government's nod to set up an IT special economic zone (SEZ) over an area of 19.76 hectares in Kolkata, as per reports.
Ujaas Energy: Ujaas Energy Ltd has received an order for “Designing, Engineering, Procurement & Supply, Construction & Erection, Testing & Commissioning and Comprehensive Operation & Maintenance for 10 years of 3MW (AC) Solar PV Power Plant on Turnkey Basis in UP.
Carborundum Universal: Reserve Bank on Thursday allowed foreign investors to buy more equity in Carborundum Universal as their shareholding had slipped below the prescribed limit.
Alstom T&D India: The company said that market regulator Sebi has allowed it to sell 42,565 shares to maintain the minimum public shareholding requirement.
V-Guard Industries: The company has informed BSE that the Board of Directors of the company at its meeting held on June 16, 2016, considered and approved the proposal for splitting of equity shares of the company, subject to the approval of the shareholders in respect thereof, in the 20th Annual General Meeting of the Company.
Indiabulls Housing Finance: Indiabulls Housing Finance Ltd has announced that the Company proposes to issue 2000 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each.
HDFC: HDFC Life and Max Life are in talks to create the country's biggest private life insurer, according to reports. Both the companies may announce plans in the next few days. If talks fructify, the merger will be the first among life insurers in more than a decade, the report added.Sugar stocks in focus: Government imposed 20% customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40/kg.
Indian Oil Corp: Indian Oil Corp is reportedly planning to acquire the largest 37.5 per cent stake in the proposed joint venture to manage fuelling facilities at all airports.
Oriental Bank of Commerce: The company has now informed BSE that the issue of Basel III Compliant Tier 2 Bonds of Rs.10,00,000/- each for cash at par aggregating to Rs.500 crore with an option to retain oversubscription of up to Rs. 500 crore shall be open from June 17, 2016 to June 22, 2016 and the deemed date of allotment shall be June 24, 2016. The Bonds have been rated AA by ICRA & CARE and bear coupon rate of 9.05% p.a.
Kajaria Ceramics Ltd: The Board of Directors of the Company has approved the Sub-division of the equity shares of the Company from Rs. 2 each fully paid up to Re. 1 each fully paid up. Details required as per Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 is enclosed. This is however, subject to the approval of the shareholders.
Godrej Consumer Products: The company is scouting for acquisitions in Indonesia and has shared ‘a wish list of assets’ with various investment bankers as part of its inorganic growth strategy in the South East Asian nation, says report.
McNally Bharat: CCI has approved the proposed amalgamation of McNally Bharat, its subsidiary McNally Sayaji Engineering and EMC Ltd with Kilburn Engineering, says report.
Tech Mahindra: The company reportedly said it will continue to scout for companies and listed out digital technologies as a key focus area.
SBI: SBI has set up a Rs. 200 crore fund to invest in fintech startups, according to reports. The stock would remain in action following its decision to merge its subsidiaries with itself.
NTPC: The company is planning to add 2,500-MW of conventional capacity and at least an equal amount of renewable plants every year, as per media report.
Sharon Bio-Medicine Ltd: The company informed BSE that a meeting of the Board of Directors of the Company to consider and discuss the overall financial viability of the Company.
Glenmark Pharmaceuticals: International Finance Corp is looking to invest up to $75 million or about Rs.500 crore, in Glenmark Pharma which is raising $200 million to reduce debt and expand operations.
United Breweries (Holdings) Ltd: The company said it is seeking legal advice to take appropriate steps after the Enforcement Directorate attached properties worth Rs,1,411 crore belonging to the company and its promoter Vijay Mallya in the IDBI Bank loan default case, as per media reports.
Tata Power: Moody’s Investors Service has revised to negative from stable the outlook on the Ba3 corporate family rating and senior unsecured rating of Tata Power, days after the company said it will buy Welspun Renewable Energy at an enterprise value of Rs 9,249 crore.
Inox Leisure: The company announced an association with Paytm, to sell movie tickets to moviegoers.
Wipro: IT major Wipro has asked for government's nod to set up an IT special economic zone (SEZ) over an area of 19.76 hectares in Kolkata, as per reports.
Ujaas Energy: Ujaas Energy Ltd has received an order for “Designing, Engineering, Procurement & Supply, Construction & Erection, Testing & Commissioning and Comprehensive Operation & Maintenance for 10 years of 3MW (AC) Solar PV Power Plant on Turnkey Basis in UP.
Carborundum Universal: Reserve Bank on Thursday allowed foreign investors to buy more equity in Carborundum Universal as their shareholding had slipped below the prescribed limit.
Alstom T&D India: The company said that market regulator Sebi has allowed it to sell 42,565 shares to maintain the minimum public shareholding requirement.
V-Guard Industries: The company has informed BSE that the Board of Directors of the company at its meeting held on June 16, 2016, considered and approved the proposal for splitting of equity shares of the company, subject to the approval of the shareholders in respect thereof, in the 20th Annual General Meeting of the Company.
Indiabulls Housing Finance: Indiabulls Housing Finance Ltd has announced that the Company proposes to issue 2000 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each.
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