STOCKS IN ACTION 20 October
Grasim Industries: The company received a Rs 141 crore demand notice from the Rajasthan Stamps Collector for non-payment of stamp duty on a scheme of arrangement between Indian Rayon and the company from FY1999.
Indoco Remedies: A U.S. FDA inspection at the company’s Solid Oral Formulation facility ended with four observations. The U.S. FDA conducted a pre-approval inspection at the Goa facility from Oct. 12 to 18.
Cyient: The company approved the merger of wholly-owned arms Citec Engineering and Cyient Insights. The board also approved an interim dividend of Rs 12 per share.
Natco Pharma: U.S. FDA inspection at Natco Pharma's Hyderabad facility ended with eight observations. Inspections were conducted between Oct. 9 to 18.
Tata Steel: NCLT approves the merger of Tata Steel and Tata Steel Long Products. Tata Steel is also set to acquire a 26% stake in unit TP Vardhaman Surya for Rs 1.3 lakh.
RVNL: RVNL JV gets a Rs 174.27 crore contract from the Vadodara Division of Western Railway for civil engineering works in Gujarat. The project is to be executed in 24 months.
Gulf Oil: The company and S-Oil Seven inked a pact to expand business in India. In this partnership, Gulf Oil will oversee the production, distribution, and promotion of OEMs like the KIA India dealer network. Gulf also has the exclusive rights to manufacture and distribute the S-OIL SEVEN range throughout its network.
Gati: Registrar of Companies approves the name change of Gati to Allcargo Gati, effective Oct. 19.
Tejas Networks: The company received an order worth Rs 107.73 crore from TCS to supply equipment for BSNL’s Pan-India 4G and 5G networks.
Tata Motors: The company signed a Securities Subscription Agreement for acquiring a 26.79% stake in Freight Tiger for Rs 150 crore. SSA includes provisions allowing the company to invest an additional Rs 100 crore over the next two years.
Elecon Engineering: The company got an order for supply and supervision of a pipe conveyor system from Arcelormittal Nippon Steel India worth Rs 51.41 crore.
Vakrangee: The company has partnered with Karnataka Bank Ltd. to provide BC Banking services from Vakrangee Kendra outlets across Pan India.
Piramal Enterprises: Company's board will meet on Oct. 24 to consider and approve the issuance of non-convertible debentures on a private placement basis.
CCL Products: NCLT has sanctioned the scheme of arrangement between Continental Coffee Pvt. (the demerged company) and CCL Products (India) (the resulting company).
PTC India:b The board approved the sale of unit PTC Energy to ONGC for Rs 925 crore.
Paras Aerospace: receives Second Type Certificate from DGCA for it’s Agri Drone – Paras-Agricopter V2.1
Certification will enable execution of existing contracts of Paras Aerospace for
IL&FS Transportation: signs pact with Sekura Roads to sell entire stake of co in Jorabat Shillong Expressway for Rs 1,343 cr Sale to settle liabilities of JSEL aggregating to Rs 1,621 cr
All the liabilities of JSEL have been adjusted against the EV of Rs. 1,343 cr
Voltas: board approves fund-raising up to Rs 500 cr via NCDs
Bharti Airtel: Amdocs’ platform will enable Airtel to create a single bundled plan and bill for all its services
@daytradertelugu
Grasim Industries: The company received a Rs 141 crore demand notice from the Rajasthan Stamps Collector for non-payment of stamp duty on a scheme of arrangement between Indian Rayon and the company from FY1999.
Indoco Remedies: A U.S. FDA inspection at the company’s Solid Oral Formulation facility ended with four observations. The U.S. FDA conducted a pre-approval inspection at the Goa facility from Oct. 12 to 18.
Cyient: The company approved the merger of wholly-owned arms Citec Engineering and Cyient Insights. The board also approved an interim dividend of Rs 12 per share.
Natco Pharma: U.S. FDA inspection at Natco Pharma's Hyderabad facility ended with eight observations. Inspections were conducted between Oct. 9 to 18.
Tata Steel: NCLT approves the merger of Tata Steel and Tata Steel Long Products. Tata Steel is also set to acquire a 26% stake in unit TP Vardhaman Surya for Rs 1.3 lakh.
RVNL: RVNL JV gets a Rs 174.27 crore contract from the Vadodara Division of Western Railway for civil engineering works in Gujarat. The project is to be executed in 24 months.
Gulf Oil: The company and S-Oil Seven inked a pact to expand business in India. In this partnership, Gulf Oil will oversee the production, distribution, and promotion of OEMs like the KIA India dealer network. Gulf also has the exclusive rights to manufacture and distribute the S-OIL SEVEN range throughout its network.
Gati: Registrar of Companies approves the name change of Gati to Allcargo Gati, effective Oct. 19.
Tejas Networks: The company received an order worth Rs 107.73 crore from TCS to supply equipment for BSNL’s Pan-India 4G and 5G networks.
Tata Motors: The company signed a Securities Subscription Agreement for acquiring a 26.79% stake in Freight Tiger for Rs 150 crore. SSA includes provisions allowing the company to invest an additional Rs 100 crore over the next two years.
Elecon Engineering: The company got an order for supply and supervision of a pipe conveyor system from Arcelormittal Nippon Steel India worth Rs 51.41 crore.
Vakrangee: The company has partnered with Karnataka Bank Ltd. to provide BC Banking services from Vakrangee Kendra outlets across Pan India.
Piramal Enterprises: Company's board will meet on Oct. 24 to consider and approve the issuance of non-convertible debentures on a private placement basis.
CCL Products: NCLT has sanctioned the scheme of arrangement between Continental Coffee Pvt. (the demerged company) and CCL Products (India) (the resulting company).
PTC India:b The board approved the sale of unit PTC Energy to ONGC for Rs 925 crore.
Paras Aerospace: receives Second Type Certificate from DGCA for it’s Agri Drone – Paras-Agricopter V2.1
Certification will enable execution of existing contracts of Paras Aerospace for
IL&FS Transportation: signs pact with Sekura Roads to sell entire stake of co in Jorabat Shillong Expressway for Rs 1,343 cr Sale to settle liabilities of JSEL aggregating to Rs 1,621 cr
All the liabilities of JSEL have been adjusted against the EV of Rs. 1,343 cr
Voltas: board approves fund-raising up to Rs 500 cr via NCDs
Bharti Airtel: Amdocs’ platform will enable Airtel to create a single bundled plan and bill for all its services
@daytradertelugu
