Here are stocks that are in the news today:
Tata Steel BSL: CARE assigned AA/Stable rating for company's long term bank facilities-term loan worth Rs 21,000 crore, and AA/Stable and A1+ for long/short term bank facilities-fund based/non-fund based worth Rs 5,000 crore.
United Bank of India: Central Government to invest Rs 2,159 crore in the equity capital of the bank by preferential allotment.
Kansai Nerolac Paints: Company has entered into Share Purchase Agreement (SPA) to acquire 100 percent equity stake in Perma Construction Aids Pvt. Ltd for Rs 29.10 crore.
Lemon Tree Hotels: Company agreed to enter into a joint venture with Magnolia Grove Investment Ltd, an affiliate of Warburg Pincus group. The JV Hamstede Living Private Limited will construct, acquire, develop, operate and lease short- and long-stay real estate projects, with a primary focus on student housing, co-living for working professionals/adults and multi-family users.
Majesco: The record date for its previously announced rights offering will be January 7, 2019.
Odisha Cement: Board has fixed January 8 as the record date for the purposes of reduction of face value of 5,69,00,220 equity shares of the company from Rs 10 to Rs 2 each.
Rane Madras: Crisil assigned long term rating A/Outlook-Positive and short term rating A1 for total bank loan facilities of Rs 403 crore.
Corporation Bank: Board appointed P V Bharathi, Executive Director at Canara Bank as Managing Director and Chief Executive Officer of Corporation Bank.
HCC: Company raises Rs 497.58 crore through rights issue.
Frontline Business Solutions: Rahul Saraf - Whole-Time Director of the company is arrested for GST violations in Maxgrow Overseas Limited of which he is the promoter and ex-director.
Selan Exploration Technology: The record date for the purpose of interim dividend has been fixed as January 5, 2019.
Aurionpro Solutions: equity shares of Trejhara Solutions will start trading on the stock exchanges w.e.f. December 28.
Ashoka Buildcon’s board approved raising Rs 150 crore via non-convertible debentures.
WABCO India clarified that the news of Wabco signing $950 million supply pact with commercial vehicle maker is for its parent company and not for the Indian arm.
Corporation Bank appointed Canara Bank’s Executive Director PV Bharathi as its Managing Director and Chief Executive Officer till March 2020.
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Source: Moneycontrol
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