Amtek Auto, SBT, Lanco Infra among 12 Stocks in focus today

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

Wipro: Wipro is in the final stages of acquiring Drivestream, a management and IT consulting firm, according to reports.

Amtek Auto: The promoters of JMT Auto Ltd, part of the troubled Amtek Group  have pledged 71.73% of the company’s shares to IL&FS Trust Co. Ltd, according to reports. 

GIC Housing Finance: GIC Housing Finance will acquire up to 16 per cent stake in LIC Nomura Mutual Fund Asset Management Company for Rs 22.68 crore, as per media reports.

SpiceJet: The airline company has announced 4-day ticket sale, offering one-way base fares starting at Rs.716 (excluding taxes). The sale will be open till midnight, December 31, 2015.

Aurobindo Pharma: The pharma company has received USFDA approval for generic Angiomax, as per media reports.

Monnet Ispat & Energy Ltd: The company has announced that a meeting of Allotment Committee is proposed to be held on December 31, 2015 to consider and approve the Conversion of loan into Equity shares pursuant to invocation of SDR scheme by Joint Lenders Forum and Conversion of loan into Equity shares in terms of decision of Joint Lenders Forum as a part of Corrective Action plan.

Lanco Infrastructure Ltd: The company has announced that its Board has approved issuance of CCDs worth Rs. 350 Cr on Preferential basis to IDFC Bank.

Prakash Steelage: Prakash Steelage said Spain's Tubacex SA has completed acquisition of a majority 67.5 per cent stake in its seamless stainless steel tubes division.

State Bank of Travancore: The bank has approved the raising of up to Rs. 1,250 Crores by way of issue of Basel III compliant Tier II Bonds.
Photoquip India: The company board approved sale of the general lighting division of the company under the brand name Corvi to Corvi Led Pvt Ltd.
 
Dr Reddy’s Lab:  The pharma company announced the relaunch of Esomeprazole Magnesium capsules in US.

Srei Infrastructure Finance Ltd: The company offloaded 57.38 lakh shares in Pipavav Defence and Offshore Eng Ltd for Rs. 51.34 crore through an open market transaction.

Gulf Oil Lubricants: The company has launched new entry level synthetic engine oil in the passenger car segment, Gulf Ultrasynth X.
 
Steel Strips Wheels Ltd: Steel Strips Wheels has commissioned a State of the Art wider Hot Rolled Coils Slitting Line covering all the grades of Mild Steel and High Tensile Steel with a maximum width of 1650  mm and thickness  in the  range of 2mm to 8 mm.