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Stocks in the News (11 Sep):
Info Edge (India)
– Food-delivery firm Zomato has raised Rs 760 crore ($100 million) in Series J
funding from US-based hedge fund Tiger Global Management and $60 million from
Temasek Holdings. Further, the company said it plans to file for an initial
public offering in the first half of 2022. Info Edge’s holds 22.2% stake in
Zomato.
YES Bank – The Private
sector lender has repaid Rs 50,000 crore well before the due date, it took
under Reserve Bank’s special liquidity facility (SLF) on September 8.
Maruti Suzuki – Japanese auto major Suzuki Motor Corporation
has purchased 2.84 lakh equity shares of Maruti Suzuki from the market, increased
its stake in Indian subsidiary to 56.37%.
Jay Bharat Maruti
reported a loss of Rs 21.04 crore in the first quarter of FY21 against a profit
of Rs 7.8 crore in same period of FY20. Revenue declined to Rs 70.2 crore
versus Rs 442.9 crore YoY.
Reliance Industries
– On the news reports of RIL’s plan to offer Amazon $20 billion stake in retail
arm, the company clarified that it cannot comment on media speculation and
rumours and also it cannot confirm or deny any transaction which may or may not
be in the works.
Hindustan Aeronautics
reported profit at Rs 148.65 crore in the Q1 FY21 against Rs 564.69 crore in
the year-ago quarter. Revenue fell to Rs 1,736.7 crore from Rs 3,289.5 crore.
Thyrocare
Technologies – The board has
authorised the Dr A. Velumani, Chairman, to identify and appoint a suitable
candidate as a professional Chief Executive Officer for the Company.
Vaibhav Global
has successfully commissioned a 1MW Solar PV Power Generation Project under
Captive use in Bikaner, Rajasthan.
ITI Ltd received
necessary approval ASCON Phase IV Project. The value of the bid is
approximately Rs 7,796 crore.
Zee Learn -36
lakh pledged shares invoked.
Zee Media Corporation
-72 lakh pledged shares invoked.
Goa Carbon reported
a loss of Rs 5.07 crore in Q1 FY21 against a loss of Rs 5.01 crore in the
year-ago quarter. Revenue declined to Rs 55.6 crore from Rs 138.9 crore YoY.
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