STOCKS IN ACTION 28 JUNE
Vedanta: The company raised Rs 2,500 crore via NCDs.
Reliance Industries: Jio raised tariff charges for multiple plans, which will be effective July 3.
State Bank of India: The bank raised Rs 10,000 crore via non-convertible long-term bonds.
Bharat Heavy Electricals: The company has secured a Rs 13,300 crore contract to set up a 1600
MW thermal power plant in Koderma in Jharkhand from Damodar Valley Corp.
JSW Infra: The company also received a letter of acceptance from Southern Railway for the construction of a multi-modal cargo terminal. Unit JSW Ports will acquire a 70.37% stake in Navkar Corp. at Rs 95.61 per share, which has triggered a mandatory open offer for an additional 26% stake at a price of Rs 105.32 per share.
India Cements: Radhakishan Damani and associated entities sold a 22.8% stake via open market operations.
RBL Bank: The lender approved raising up to Rs 3,500 crore via QIP or other means and up to Rs 3,000 crore via debt securities.
AU Small Finance Bank: The lender will raise up to Rs 5,000 crore via QIP or other means and up to Rs 6,000 crore via debt instruments.
Yes Bank: The lender executed a one-time settlement in one of its stressed loan exposures. Th borrower will pay $23 million as a settlement against its dues.
Brigade Enterprises: The company has launched a 6-tower residential project in Yelahanka, Bengaluru, with a revenue potential of Rs 1,100 crore.
RVNL: The company incorporated a subsidiary, RVNL Middle East Contracting, in Dubai.
Inox Wind: The company incorporated a wholly-owned subsidiary, Pokhran Wind Energy, as a special purpose vehicle to develop wind farms in India.
Wipro: Units Designit North America and Wipro Designit Services completed their merger effective July 1.
Patanjali Foods: The company received a show cause notice from the Karnataka State Pollution Control Board for non-compliance with water pollution regulations at its Mangalore unit.
Infosys: The company clarified that there is no impact on its financial activities or operations following CEO Salil Parekh's settlement order.
PCA Labs: An EU Court upheld a Rs 126 crore fine imposed on subsidiary Unichem Laboratories over a patent dispute with French company Servier. The company has already made provisions in their accounts for the fine.
Asian Paints: The Singapore unit completed the acquisition of a 23.4% stake in Egypt's SCIB
Chemicals for Rs 34 crore and now holds an 85.6% stake in SCIB.
Raymond: The company re-appointed Gautam Hari Singhania as MD effective July 1.
KP| Green Energy: The company received a sanction letter for Rs 686 crore in credit facilities for a 200 MW solar project in Khavda. Rs 225 crore raised through a QIP earlier will be used to partially fund the project.
Piramal Enterprises: S&P Global assigned 'BB- long-term and 'B' short-term ratings and affirmed
'a'stable outlook.
TEGA INDUSTRIES: CO UNIT ENTERED INTO CONTRACT AS CONSORTIUM MEMBER WITH NMDC LTD
CONTRACT FOR DESIGN, ENGINEERING OF NEW 7 MTPA IRON ORE SCREENING & BENEFICIATION PLANT
CO SAYS TOTAL VALUE OF CONTRACT AWARDED TO CONSORTIUM IS APPROXIMATELY 8.72B RUPEES
TMML'S SHARE OF BUSINESS IN CONTRACT IS 1.20B RUPEES
CONTRACT IS REQUIRED TO BE EXECUTED OVER A PERIOD OF 26 MONTHS
JUBILANT INGREVIA: CO JUBILANT INGREVIA LIMITED SUCCESSFULLY RECEIVES ESTABLISHMENT INSPECTION REPORT (EIR) FROM USFDA CONCLUDED WITH ZERO 483 INSPECTIONAL OBSERVATIONS
REITERATES COMMITMENT TO HIGHEST STANDARDS OF QUALITY AND COMPLIANCE EXCELLENCE
EIR FOR MANUFACTURING FACILITY, UNIT -1 AT BHARUCH, GUJARAT
@daytradertelugu
Vedanta: The company raised Rs 2,500 crore via NCDs.
Reliance Industries: Jio raised tariff charges for multiple plans, which will be effective July 3.
State Bank of India: The bank raised Rs 10,000 crore via non-convertible long-term bonds.
Bharat Heavy Electricals: The company has secured a Rs 13,300 crore contract to set up a 1600
MW thermal power plant in Koderma in Jharkhand from Damodar Valley Corp.
JSW Infra: The company also received a letter of acceptance from Southern Railway for the construction of a multi-modal cargo terminal. Unit JSW Ports will acquire a 70.37% stake in Navkar Corp. at Rs 95.61 per share, which has triggered a mandatory open offer for an additional 26% stake at a price of Rs 105.32 per share.
India Cements: Radhakishan Damani and associated entities sold a 22.8% stake via open market operations.
RBL Bank: The lender approved raising up to Rs 3,500 crore via QIP or other means and up to Rs 3,000 crore via debt securities.
AU Small Finance Bank: The lender will raise up to Rs 5,000 crore via QIP or other means and up to Rs 6,000 crore via debt instruments.
Yes Bank: The lender executed a one-time settlement in one of its stressed loan exposures. Th borrower will pay $23 million as a settlement against its dues.
Brigade Enterprises: The company has launched a 6-tower residential project in Yelahanka, Bengaluru, with a revenue potential of Rs 1,100 crore.
RVNL: The company incorporated a subsidiary, RVNL Middle East Contracting, in Dubai.
Inox Wind: The company incorporated a wholly-owned subsidiary, Pokhran Wind Energy, as a special purpose vehicle to develop wind farms in India.
Wipro: Units Designit North America and Wipro Designit Services completed their merger effective July 1.
Patanjali Foods: The company received a show cause notice from the Karnataka State Pollution Control Board for non-compliance with water pollution regulations at its Mangalore unit.
Infosys: The company clarified that there is no impact on its financial activities or operations following CEO Salil Parekh's settlement order.
PCA Labs: An EU Court upheld a Rs 126 crore fine imposed on subsidiary Unichem Laboratories over a patent dispute with French company Servier. The company has already made provisions in their accounts for the fine.
Asian Paints: The Singapore unit completed the acquisition of a 23.4% stake in Egypt's SCIB
Chemicals for Rs 34 crore and now holds an 85.6% stake in SCIB.
Raymond: The company re-appointed Gautam Hari Singhania as MD effective July 1.
KP| Green Energy: The company received a sanction letter for Rs 686 crore in credit facilities for a 200 MW solar project in Khavda. Rs 225 crore raised through a QIP earlier will be used to partially fund the project.
Piramal Enterprises: S&P Global assigned 'BB- long-term and 'B' short-term ratings and affirmed
'a'stable outlook.
TEGA INDUSTRIES: CO UNIT ENTERED INTO CONTRACT AS CONSORTIUM MEMBER WITH NMDC LTD
CONTRACT FOR DESIGN, ENGINEERING OF NEW 7 MTPA IRON ORE SCREENING & BENEFICIATION PLANT
CO SAYS TOTAL VALUE OF CONTRACT AWARDED TO CONSORTIUM IS APPROXIMATELY 8.72B RUPEES
TMML'S SHARE OF BUSINESS IN CONTRACT IS 1.20B RUPEES
CONTRACT IS REQUIRED TO BE EXECUTED OVER A PERIOD OF 26 MONTHS
JUBILANT INGREVIA: CO JUBILANT INGREVIA LIMITED SUCCESSFULLY RECEIVES ESTABLISHMENT INSPECTION REPORT (EIR) FROM USFDA CONCLUDED WITH ZERO 483 INSPECTIONAL OBSERVATIONS
REITERATES COMMITMENT TO HIGHEST STANDARDS OF QUALITY AND COMPLIANCE EXCELLENCE
EIR FOR MANUFACTURING FACILITY, UNIT -1 AT BHARUCH, GUJARAT
@daytradertelugu
