Today's Stock News - 10.12.2019: 09.00 Am
KEEP REFRESH FOR NEXT UPDATE
* AMTEK AUTO: Various banks, including KOTAK MAHINDRA BANK, on Monday moved the
Supreme Court seeking permission to intervene in the company's insolvency case.
* ASTER DM HEALTHCARE: The Company through its subsidiary Aster DM Healthcare FZC has
completed the acquisition of 80% stake in United Arab Emirates-based Premium Healthcare.
* BHARAT PETROLEUM CORP: Multiple associations of officers of public sector undertakings have opposed the planned disinvestment of the company, calling it regressive and non-beneficial to the country's interests.
* BHARTI AIRTEL: Is preparing to commercially roll out voice over Wi-Fi services this month in a bid to improve indoor voice calling experience, having tested it with employees and select customers across various circles.
* COFFEE DAY ENTERPRISES: Coffee Day Group's proposed sale of its Global Village Technology Park to private equity firm Blackstone Group LLP has hit a hurdle with the debt-laden group's largest creditor, YES BANK, signalling its reluctance to approve the 28-bln-rupee deal.
* DEWAN HOUSING FINANCE CORP: Has asked creditors to submit their claims with proof to the
Reserve Bank of India-appointed administrator of the company by Dec 17.
* EQUITAS HOLDINGS: SBI Mutual Fund sold 4.84 mln shares representing 1.42% of the company.
* GODREJ CONSUMER PRODUCTS: Is taking flagship insecticide Goodknight overseas, starting with a few African nations, next year as it looks to capitalise on growing demand for such products in developing countries.
* HERO MOTOCORP: The company will from Jan 1 raise the ex-showroom prices of its motorcycles, scooters by up to 2,000 rupees.
* HOUSING DEVELOPMENT FINANCE CORP: Plans to acquire another 9.12% stake in education
financier HDFC Credila Financial Services for up to 3.95 bln rupees.
* JAYPEE INFRATECH: An evaluation conducted by RBSA Advisors on the final resolution plans for acquiring the assets of the company revealed that the bid by Suraksha Reality-led SPV scored more points over that of NBCC (INDIA) in terms of upfront cash infusion for homebuyers, bankers, delivery of housing units, among others.
* MANGALORE CHEMICALS & FERTILIZERS: Promoter ZUARI AGRO CHEMICALS has pledged 8.94% stake in the company.
* MPHASIS: The company clarified that the revenue deal with DXC Technology is a not a cumulative calculation.
* OIL & NATURAL GAS CORP: The company-promoted ONGC Petro additions has set 8.83% coupon on its bonds maturing in five years and three months, and has accepted bids worth 4.65 bln rupees.
* REDINGTON (INDIA): The company's subsidiary ProConnect Supply Chain Solutions has bought the remaining 12% stake in Rajprotim Supply Chain Solutions for 110 mln rupees.
* STEEL AUTHORITY OF INDIA: Better utilisation of warehouses, reworked branding strategy, and micro focus on marketing helped the company record an over 36% on-year jump in sales volume in November.
* TATA MOTORS: Has signed a memorandum of understanding with YES BANK to provide retail finance solutions for commercial vehicle customers.
- Plans to add 100 sales outlets for passenger vehicles by the end of the current fiscal as it aims to
enhance its reach in the country.
* TIME TECHNOPLAST: The company has appointed Ernst & Young LLP, India to evaluate and advise on strategic alternatives to help it focus on core strengths.
* TTK PRESTIGE: After diversifying into the home solutions space in 2016, the company is increasing its product range and planning to enter new verticals. While it is launching 30 Stock Keeping Units with price points of 300 rupees to 21,000 rupees in the home cleaning range, other products in the electrical and nonelectrical spaces are under discussion.
* VAKRANGEE: Subsidiary Vakrangee Finserve has received approval from Union Bank of India to offer banking services to customers through 20,000 Nextgen Vakrangee Kendras that will be set up at the bank's branches.
* VA TECH WABAG: The company has executed a 4.82-bln-rupee project bagged from Chennai
Metropolitan Water Supply and Sewerage Board to set up water reuse plant in the Koyambedu area of the city.
* WEST COAST PAPER MILLS: Has pledged 20.3 mln shares or 51% stake in INTERNATIONAL
PAPER APPM to IDBI Trusteeship Services.
* YES BANK: Is likely to reject an offer that made up more than half of its planned $2 bln capital raising, and is talking to institutional investors about making up the shortfall.
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