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Stocks in the News (04 Sep):
Reliance Industries (RIL)
– Private equity firm Silver Lake Partners is in talks to invest $1 billion
in the retail arm of India’s Reliance Industries Ltd, the Financial Times
reported on Thursday, citing people with direct knowledge of the matter.
Tata Motors: Tata
Motors recorded highest ever sales during August 2020 with 18,580 units (154%
yoy growth), after the previous high recorded in March 2018 when it has sold 20,266
units. In an another development Government body, EESL to buy 250 EVs from Tata
Motors & Hyundai India.
Voadfone Idea –
The Company’s board is scheduled to meet on 4 September to consider raising of
funds. On 3 September, Company said its board had no investment proposal to
consider from US wireless carrier Verizon Communications Inc or Amazon.com Inc.
Vodafone Idea’s statement followed a report in local newspaper the Mint that
Verizon and Amazon may invest more than $4 billion for a stake in heavily
indebted Vodafone Idea.
Infosys announced
that it has acquired US-based product design firm Kaleidoscope Innovation for
$42 million (Rs 309 crore) to expand its engineering service offerings in
medical devices, consumer and industrial markets across America.
ITC – The
company’s board today will consider a proposal for amalgamation of Sunrise
Foods, Hobbits International Foods and Sunrise Sheetgrah with the company. All
three are wholly owned subsidiaries of ITC.
Mahindra & Mahindra
will acquire additional 9.12% stake for about Rs 12 crore in its associate firm
Carnot Technologies Pvt Ltd, which provides products and services related to
internet connected devices for monitoring performance of vehicles.
Trident informed
that normalcy in operaons has been restored in the manufacturing operaons at
Budni, Madhya Pradesh.
KEC International
has won orders Rs 1,401 crore.
5paisa to raise
capital up to Rs 900 crore.
CreditAccess Grameen-
The company’s board approved raising Rs 1,000 crore via
equity.
Hindustan Aeronautics–
Government will sell 5,02,462 equity shares to company’s eligible employees at
Rs 950.95 per share, via offer for sale during September 4-9.
Mindspace Business
Parks REIT – The company’s board on September 14 to consider issue of Rs
500 crore debentures and authorise the ‘Executive Committee’ for any further
borrowings upto 25% of the value of total assets of the company.
Continental Chemicals
-Joint Commissioner Service Tax, Noida,
served on company an order confirming the demand of Rs 10,52,884 and interest
thereon.
Usha Martin – Promoter
company Neutral Publishing House raised stake in company to 3.25% from 3.08%
earlier on September 2.
Jubilant Industries
reported loss at Rs 3.1 crore in Q1FY21 vs profit of Rs 9.6 crore in Q1FY20,
revenue at Rs 94.3 crore vs Rs 151.8 crore YoY.
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