Wednesday 20 March 2019

Stocks in the news: DLF, Centrum Capital, Fortis, Newgen Software, Muthoot Capital


Here are stocks that are in the news today:

Muthoot Capital Services: Company completed a securitization transaction of Rs 236.36 crore.

Future Enterprises: Brickwork Ratings India has re-affirmed AA (SO) rating on NCDs with stable outlook.

ONGC board meeting March 23 to consider interim dividend

Cox & Kings: Company owned Meininger opens hotel in Budapest, Hungary.

V-Mart Retail: Company opened a new store in the state of Assam.

Bodal Chemicals: Company starts production at Gujarat plant.

DLF: Company's joint venture with Hines to invest upto Rs 1,900 crore to develop 2.9 million square feet in Udyog Vihar, Gurugram, their second joint venture.

Jindal Saw's independent director Devi Dayal resigns with immediate effect due to personal reason.

Tata Steel BSL allotted Non-Convertible Redeemable Preference Shares worth Rs 6500 crore to Tata steel.

HCL Tech and Xerox expand Strategic Partnership to accelerate operational Transformation.


Jet Airways: An additional six aircraft (include one aircraft of Jet Lite (India) Limited) have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements.

Himalaya Food International: Board meeting is scheduled on March 25 to discuss the status of OTS (one time settlement) proposal with consortium of Banks led by SBI.

Rallis India: Company announced suspension of operations at Ankleshwar unit due to flash fire during transfer operations.

Talwalkar Better Value's promoter acquired 0.70% stake from open market on March 18

IDBI Bank: Board approved rupee bond borrowing limit of Rs 4,000 crore to be borrowed in one or more tranches comprising of Basel III compliant Tier II Bonds and Senior Bonds (not more than Rs 1,000 crore) by way of private placement during FY 2019-20.

Viaan Industries: Company agreed to acquire equity stake in Avalance Technology Private Limited (a company proposed to be incorporated under the Companies Act, 2013) for a cash consideration. The said investment upon completion will translate into 50 percen equity stake in Avalance Technology Private Limited on a fully diluted basis.

Newgen Software: Company secured another patent for its invention- Integrated and Automatic Generation of Carbon Credits.

Datamatics Global Services: Company acquired additional 10 percent equity stake in Datamatics Digital Limited (earlier known as Techjini Solutions Private Limited), the subsidiary company.

Fortis Healthcare: Board approved the appointment of Dr Ashutosh Raghuvanshi as Managing Director designating him as MD & CEO of the company.

Adhunik Industries: Bikash Roy Chowdhury has resigned from the post of Chief Financial Officer (CFO) and key managerial personnel (KMP) due to some personal reasons.

Avenue Supermarts: Company has issued commercial paper of Rs 100 crore.


Rushil Decor: Company intimated fire accident at factory located at Chikmagalur, Karnataka.

Eris Lifesciences: Himanshu Shah, Executive Director of the company has resigned from the membership of the board.

Centrum Capital: Company sold its entire equity holding in its wholly-owned subsidiary company, Centrum Capital Holding LLC alongwith its subsidiary i.e Centrum Securities LLC (step-down subsidiary of CCL).

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Source: Moneycontrol

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