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Stocks in the News (08 Sep):
Bharat Dynamics -:
The government is planning to sell 15 per cent stake, will sell up to
1,83,28,125 equity shares in company via offer for sale route on September 8-9,
with an option to additionally sell 91,64,063 equity shares. Floor price of the
offer will be Rs 330 per share and The
centre owns 87.75 per cent stake in the company is looking to offload 2.71
crore shares.
RIL –As per news
report, Reliance Industries has started preliminary talks with Facebook and
private equity fund KKR to make an investment in its retail business too.
Vodafone Idea will
seek shareholders’ approval to raise the borrowing limit to Rs 1 lakh crore, at
the annual general meeting scheduled to be held on September 30.
Dr Reddy’s Labs launched
Fulvestrant injection in the US market.
ITC : will
examine an “alternative structure” for its hotels business focusing on an
asset-right strategy for value creation.
Wipro and
business process services company and Marelli, today announced that they have
entered into a multi-year global agreement for automotive engineering services.
Marelli is one of the world’s leading global independent suppliers to the
automotive sector with operational headquarters in Saitama, Japan and Corbetta,
Italy.
IRCTC – As per
media reports, the government is planning to sell 15-20% in IRCTC via offer for
sale (OFS).
Amber Enterprises
– The board has approved QIP issue on September 7 at a floor price of Rs
1,798.72 per share.
EIH : The company
Board approved raising up to Rs 350 crore via rights issue
Aurobindo Pharma gets
US FDA nod for Milrinone Lactate used for short-term treatment of heart
failure.
Future Enterprises
reported a consolidated net loss of Rs 394.77 crore in Q4FY20 as against a net
profit of Rs 66.58 crore in Q4FY19. Revenue fell 50.01% to Rs 783.28 crore from
Rs 1,566.96 crore, YoY.
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