STOCKS ON RADAR:
IOC: Indian Oil Corporation board to meet on December 13 to consider buyback of equity shares and interim dividend for the Financial Year 2018-19
Punjab and Sind Bank: board meeting on December 12, 2018 to consider issue of equity shares by way of QIP upto an amount of Rs 500 crore.
Vodafone Idea: Brickwork has revised NCD rating to BWR AA- (outlook negative) from BWR AA
Uflex: Uflex has entered into an agreement to acquire 100 percent shares of Flex Chemicals Private Limited, Russia.
PNB: Punjab National Bank (PNB) has put up for sale two dozennon-performing assets to recover dues of over Rs 1,779 crore. Among the majorborrowers are Vandana Vidyut with an outstanding amount of Rs 454.02 crore,Moser Baer Solar (Rs 233.06 crore), Divine Vidyut (Rs 132.66 crore), VisaResources India Ltd (Rs 115.20 crore), Allied Strips (Rs 118.81 crore), ArshiyaNorthern FTWZ Ltd (Rs 96.70 crore), Birla Surya (Rs 73.58 crore) and TridentTools (Rs 68.81 crore).