Check out the companies which will be in focus during trade today based on recent and latest news developments.
Jaiprakash Associates: Aditya Birla flagship UltraTech, Dalmia Bharat backed by private equity investor KKR and Shree Cement are among prospects approached to take over the Jaypee Group cement business.
Tube Investments of India Ltd: The Board of Directors of Tube Investments of India Ltd in has approved the divestment of 4,18,32,798 equity shares of the face value of Rs. 10 each held by the company in its general insurance subsidiary viz., Cholamandalam MS General Insurance Company Limited constituting 14% of the equity share capital of Chola MS, to its joint venture partner Mitsui Sumitomo Insurance Company Limited, Japan (MSI) for a consideration of Rs. 211 per equity share, aggregating Rs. 882.67 crores.
Max India: The High Court of Punjab and Haryana vide its order dated 14 the December 2015 approved Max India’s Composite Scheme of Arrangement for the demerger of the company.
Info Edge (India) Ltd: The company has informed BSE that it has invested an amount of Rs. 150 million in Canvera Digital Technologies Pvt. Ltd. (Canvera). Accordingly, the total investment by the Company, including that through its subsidiary, is Rs. 901 million which would translate, as on date, in to a 49% shareholding in Canvera on a fully converted & diluted basis.
Oil India Limited: OIL India has signed a Memorandum of Understanding with Rosneft for cooperation in Russia.
GAIL: Gail, ISGS and Afghan Gas will reportedly hold 5% stake each in Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project, while the rest 85% will be held by Turkmen Gas.
Coal India: Government reportedly said coal output by Coal India Limited crossed 9% over last year’s production, Coal Secretary Anil Swarup said. Coal India’s production had jumped 8.8 per cent to 321.38 million tonnes (MT) during April-November period of the current fiscal, according to the report.
Future Consumer Enterprise: Future Consumer Enterprise Ltd has announced that it is planning to raise USD 55m (Rs. 3,685 million) through the Preferential issue of CCDs and Warrants.
Bosch Limited: The company has announced that with a view to adjust production to meet the demand for products and to avoid unnecessary buildup of inventory, it is proposed to suspend all manufacturing operations at their Jaipur Plant.
Allcargo Logistics: The company has fixed Record Date as December 31, 2015 for determining the entitlement of the shareholders for the issue of Bonus Shares in the ratio of 1:1 i.e one equity share of Rs. 2/- each fully paid for every one equity share of Rs. 2/- each fully paid.
KEI Industries Ltd: The company has bagged orders worth Rs.384.53 crores from Power Grid Corporation of India for supply and services contracts for package A & B under Integrated Power Development Scheme Works in Varanasi of Uttar Pradesh.
ONGC: Rosneft and ONGC Videsh Limited signed an Agreement of Confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC “Vankorneft”. The document was signed in the presence of the President of Russia Vladimir Putin and the Prime Minister of India Narendra Modi by Rosneft Chairman of the Management Board Igor Sechin and the Managing Director of ONGC Videsh Limited Narendra Verma.
Lanco Infratech: The company said the board will meet on December 30,2015 to consider the proposal for issuing compulsory convertible debentures (CCDs).
SMS Pharmaceuticals Ltd: The pharma company has received approval from the US health regulator for its Andhra Pradesh based manufacturing facility.
GMR Infrastructure: GMR Infrastructure Ltd has announced that in April 2015, GMR Infrastructure Ltd (GIL) had exercised its call option right on the Compulsorily Convertible Preference Shares (CCPS) held by the private equity investors of GMR Airports Limited (GAL).
Tata Power: The company has signed MoU with the Ministry for Development of Russian Far East to increase Energy Investment between India and Russia.
JK Lakshmi Cement: JK Lakshmi Cement Ltd, Promoter of Udaipur Cement Works Limited, has submitted to BSE a copy of Notice of Offer for Sale of 88,86,756 equity shares of the face value of Rs. 4/- each, representing 3.01% of the equity share capital of Udaipur Cement Works Limited ("Sale Shares") on December 29, 2015, exclusively through the separate window provided by BSE Limited for this purpose.
Steel Strips Wheels: The company bagged an export order from Siam Kubota Corp for their new project. The order is for supply tractor wheel for their Thailand production facility.
Srikalahasthi Pipes: The company has received orders worth Rs 1053 crore during December 2015 for supply of Ductile Iron pipes. Out of these, orders for Rs 891 crore are Telangana Water Grid
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