Stocks in the News (31 Aug):
Reliance Industries (RIL): Reliance Retail Ventures Limited (RRVL), a subsidiary of Mukesh Ambani-owned Reliance Industries Ltd, has acquired a minority stake in the Kishore Biyani-led Future Group for a total consideration of Rs 24,713 crore.
Wockhardt reported a consolidated net profit of Rs 759.75 crore for June quarter mainly on account of exceptional items in connection with the transfer of a business comprising 62 products and Baddi facility to Dr Reddy’s Laboratories.
RBL Bank – Vishwavir Ahuja, the managing director (MD) and chief executive officer (CEO) of RBL Bank, sold 18.92 lakh shares, or 0.37% stake, in the bank on 27th and 28th of August 2020 for about Rs 38.52 crore.
Khadim India posted consolidated net loss of Rs 27.76 crore in Q1FY21 as against net profit of Rs 3.35 crore in Q1FY20.
Balkrishna Industries – BK Bansal , the company’s Director – Finance, has resigned from his position.
Trident’s manufacturing operations of the company at Budni location have been partially disrupted due to incessant rainfall in Madhya Pradesh
ICICI Prudential Life Insurance – On August 28 Raghunath Hariharan tendered his resignation as a Director of the company and Wilfred John Blackburn appointmented as a non-executive (Additional) Director by the company.