Check out the companies which will be in focus during trade today based on recent and latest news developments.
ICICI Bank: ICICI Bank the lead banker for Jaiprakash Associates has invoked the strategic debt restructuring provision, setting in play the process that could pave the way for the lenders cumulatively taking over the company, as per media reports.
Jet Airways: Jet Airways is talking to lenders about raising up to $180 million through a loan.
OMCs in focus: IOC has cut the price of transport fuel, effective Friday, by under a rupee each—of petrol by 89 paise a litre and of diesel by 49 paise—both at Delhi with corresponding decrease in other states.
Auto stocks will be in focus: Four and two wheeler stocks will be in focus as auto sale numbers for the month of June will be announced starting from July 1.
Essar Oil: Ruia family is reportedly planning to sell another 25 per cent stake in in Essar Oil. The sale of 74 per cent stake will help bring down Group debt by half to about Rs.46,000 crore, says report.
UltraTech Cement: As per media reports, UltraTech Cement to buy the cement assets of debt-laden Jaiprakash Associates Ltd at Rs.15,900 crore deal has run into a snag over the latter’s failure to meet some commitments linked to the transaction.
Torrent Pharma: The pharma company has acquired a manufacturing unit of Glochem Industries in Vizag.
Bank of Maharashtra: The bank is planning to raise Rs.1,000 crore for growth opportunities and has sought approval from shareholders for it.
Dewan Housing Finance Corporation Ltd: The company has announced that a meeting of the Board of Directors of the Company will be held on July 05, 2016, to consider fund raising by way of public issue of secured Non-Convertible Debentures (NCDs).
Adani Transmission Ltd: The company has raised Rs.1,000 crore on June 30, 2016 by allotment of 10,000 Rated, Listed, Taxable, Secured, Redeemable,NCDs of the face value of Rs. 10,00,000/- each issued under two separately transferable principal parts of NCDs on private placement basis.
Strides Shasun: The company announced successful completion of US FDA inspection at its Oral Dosage Facility in Bangalore.
Central Bank: The bank has approved its fund-raising plans at the AGM. The bank plans to raise up to Rs 3,000 crore by various means, including follow-on public offer and rights issue.
Godrej Properties: The company said its USD 275 million realty fund has made first investment by acquiring 80% stake in a housing project in Mumbai.
Nila Infrastructures Ltd: The company has announced that the convertible warrant holder of preferential issue made during the year 2014-15; have on June 30, 2016 exercised their rights in full and applied for conversion of warrants into equity shares. Consequently the Board of Directors of the Company have by way of circular resolution, made allotment of 2,25,00,000 (Two Crore Twenty Five Lac Only] equity shares of Re. 1/- each at an issue price of Rs. 5/- per share (including premium of Rs. 4/- per share) to these warrant holders.
Bosch: The board of directors of Bosch will meet on Friday to consider a proposal for buyback of the company's shares.
Sintex Industries and NIIT Technologies: The stocks will be in focus as both stocks will be added in NSE futures & options segment.
Gayatri Projects: Gayatri Projects has bagged a Rs.3.06 bn order from the Centre for four-laning of a highway on the Andhra Pradesh-Tamil Nadu border.
Alembic Pharma: Alembic Pharmaceuticals’ two API facilities at Panelav have been successfully inspected by the USFDA.
Jet Airways: Jet Airways is talking to lenders about raising up to $180 million through a loan.
OMCs in focus: IOC has cut the price of transport fuel, effective Friday, by under a rupee each—of petrol by 89 paise a litre and of diesel by 49 paise—both at Delhi with corresponding decrease in other states.
Auto stocks will be in focus: Four and two wheeler stocks will be in focus as auto sale numbers for the month of June will be announced starting from July 1.
Essar Oil: Ruia family is reportedly planning to sell another 25 per cent stake in in Essar Oil. The sale of 74 per cent stake will help bring down Group debt by half to about Rs.46,000 crore, says report.
UltraTech Cement: As per media reports, UltraTech Cement to buy the cement assets of debt-laden Jaiprakash Associates Ltd at Rs.15,900 crore deal has run into a snag over the latter’s failure to meet some commitments linked to the transaction.
Torrent Pharma: The pharma company has acquired a manufacturing unit of Glochem Industries in Vizag.
Bank of Maharashtra: The bank is planning to raise Rs.1,000 crore for growth opportunities and has sought approval from shareholders for it.
Dewan Housing Finance Corporation Ltd: The company has announced that a meeting of the Board of Directors of the Company will be held on July 05, 2016, to consider fund raising by way of public issue of secured Non-Convertible Debentures (NCDs).
Adani Transmission Ltd: The company has raised Rs.1,000 crore on June 30, 2016 by allotment of 10,000 Rated, Listed, Taxable, Secured, Redeemable,NCDs of the face value of Rs. 10,00,000/- each issued under two separately transferable principal parts of NCDs on private placement basis.
Strides Shasun: The company announced successful completion of US FDA inspection at its Oral Dosage Facility in Bangalore.
Central Bank: The bank has approved its fund-raising plans at the AGM. The bank plans to raise up to Rs 3,000 crore by various means, including follow-on public offer and rights issue.
Godrej Properties: The company said its USD 275 million realty fund has made first investment by acquiring 80% stake in a housing project in Mumbai.
Nila Infrastructures Ltd: The company has announced that the convertible warrant holder of preferential issue made during the year 2014-15; have on June 30, 2016 exercised their rights in full and applied for conversion of warrants into equity shares. Consequently the Board of Directors of the Company have by way of circular resolution, made allotment of 2,25,00,000 (Two Crore Twenty Five Lac Only] equity shares of Re. 1/- each at an issue price of Rs. 5/- per share (including premium of Rs. 4/- per share) to these warrant holders.
Bosch: The board of directors of Bosch will meet on Friday to consider a proposal for buyback of the company's shares.
Sintex Industries and NIIT Technologies: The stocks will be in focus as both stocks will be added in NSE futures & options segment.
Gayatri Projects: Gayatri Projects has bagged a Rs.3.06 bn order from the Centre for four-laning of a highway on the Andhra Pradesh-Tamil Nadu border.
Alembic Pharma: Alembic Pharmaceuticals’ two API facilities at Panelav have been successfully inspected by the USFDA.
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