STOCKS ON RADAR:
Ashok Leyland: The Indian commercial vehicle manufacturer has incorporated a change in its object clause in which the company will engage in the business of developing, manufacturing and selling light commercial vehicles up to 7.5 tonne gross vehicle weight, power train for LCVs, and spare parts in India and other countries.
Piramal Enterprises: The Company is considering raising Rs 100 crore via NCDs on January 2.
Power Grid Corporation: The Company entered into a loan agreement for 200 million euros with Germany?s KfW for financing of transmission project for integration of clean energy and system strengthening.
HDFC Bank: Bank allotted on a private placement basis 8.44% unsecured, redeemable long term, fully paid-up, non-convertible bonds in the nature of debentures amounting to Rs 6,000 crore.
HT Media: Company launched open offer of up to 1.73 crore shares of Next Media for Rs 27 per share.
Jet Airways: Loss-making carrier Jet Airways which has posted three consecutive quarterly losses of over Rs 1,000 crore each since March, is in discussions with the State Bank of India for raising Rs 1,500 crore short-term loan to meet its working capital requirement and some payment obligations as per a report published in Moneycontrol. The company has already Rs 8,052 of debt on its books as on September 30.
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