Stocks in the news | RIL, PNB, DLF, Lupin, Coal India, Reliance Capital, Cadila Health, NIIT
Vedanta, NIIT, Spandana Sphoorty Financial, Kellton Tech, Paisalo Digital, Sakthi Sugars, Engineers India, Fiem Industries, are also among the stocks in focus today.
Reliance Industries | The company will buy IMG Worldwide’s 50 percent stake in IMG-Reliance Ltd (IMG-R) for Rs 52.08 crore in cash.
Coal India | Company’s board has accorded approval to venture into aluminium value chain (mining-refining-smelting) and solar power value chain
TD Power Systems | CRISIL upgraded the company’s long-term credit rating to A-/Stable from BBB+/Stable.
Vedanta | Vedanta Resources Ltd (VRL) has raised its stake in its India listed unit, Vedanta to 55.11 percent by buying from open market shares worth Rs 2,959 crore.
NIIT | The company's board has approved an up to Rs 237-crore buyback proposal at Rs 240 per equity share.
Reliance Capital | The company said it defaulted on term-loan to HDFC and Axis Bank in November.
Punjab & Sind Bank | The bank has declared an NPA account, viz. M/s Sintex Industries Ltd with outstanding dues of Rs 294.49 crore having provisioning of Rs 147.25 crore as fraud.
Cadila Healthcare | Zydus Cadila announced its plasmid DNA vaccine to prevent COVID-19, ZyCoV-D was found to be safe, well tolerated and immunogenic in the Phase I/II clinical trials. The company is now planning to initiate Phase III clinical trial in around 30,000 volunteers upon receiving necessary approvals.
Spandana Sphoorty Financial | India Rating & Research has assigned IND A/Stable to the company's debt instruments and bank loans.
Kellton Tech | Kellton Wealth Management LLP sold 10 lakh shares of the company at an average price of Rs 71.03 in a bulk deal on NSE on December 24.
Paisalo Digital | SBI Life Insurance bought 38 lakh shares of the company at an average price of Rs 490 in a bulk deal on NSE.
Sakthi Sugars | The company informed that it defaulted on repayment of principal and payment of interest, aggregating 2.16 crore, on November 25.
Engineers India | The company has proposed a buyback of 6,98,69,047 shares, or 11.06 percent of the total shares, of face value of Rs 5 each.
Fiem Industries | The company's Cost Auditor, Krishan Singh Berk has tendered his resignation.
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