Tuesday, 1 January 2019

Stocks in the news: IOC, Lupin, Premier, Centrum Capital, JMC Projects, UCO Bank


Here are stocks that are in the news today:

HDFC: Company increased its retail prime lending rate by 10 basis points.

IL&FS Transportation Networks: Interest due and payable on December 31, 2018 on the NCDs was not paid to the debenture holders due to insufficient funds.

Jindal Steel & Power: Naushad Akhter Ansari, CEO of the company has been designated as the Joint Managing Director.

Aavas Financiers: Members of the company approved the re-appointment of Sushil Kumar Agarwal as Whole Time Director and Chief Executive Officer for five years.

Dynamatic Technologies: Company executed a Business Transfer Agreement with Hi-Tech Arai Private Limited (Purchaser) for divestment of auto division and company will receive Rs 40 crore.

Tirupati Sarjan: Dilipbhai Ganeshbhai Patel resigned as a Chief Financial Officer (CFO) of the company.

Kolte-Patil Developers: CRISIL reaffirmed long term rating to A+ and revised outlook to positive from stable for bank loan facilities.

Kalpataru Power Transmission and JMC Projects: JMC Projects (India) has secured new orders of Rs 596 crore.

Bank of Maharashtra: Bank received the equity capital of Rs 4,498 crore from government.

Central Bank of India: Bank has received Rs 1,678 crore by making preferential allotment of shares to government.

UCO Bank: The bank has received Rs 3,076 crore by making preferential allotment of shares to government.

Allahabad Bank revised Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01.01.2019

Vijaya Bank extends term of Executive Director Nageswara Rao Y

Centrum Capital: Company's subsidiary, Centrum Financial Services Limited, has successfully acquired the supply chain finance business of L&T Finance Limited (Business), consisting of an asset book of about Rs 650 crore.

Piramal Enterprises: ICRA has assigned credit rating for long term principal protected market linked debentures.

Aarey Drugs & Pharmaceuticals: Board approved the reappointment of Mihir Rajesh Ghatalia as the Managing Director of the company.

Adani Transmission: Company and KEC International mutually agreed to extend the completion date (Long Stop Date) to January 31, 2019 for acquisition of KEC Bikaner Sikar Transmission Private
Limited.

Premier: Company has, with the consent of its secured lenders, entered into a term sheet for the sale of its property at Chinchwad, Pune, with Runwal Realty Pvt.Ltd.

Balrampur Chini Mills: Board has reconstituted the audit committee of the board effective January 1.

Alfa Transformer: Company received a letter of award valuing Rs 3.82 crore from one of reputed customer Odisha Power Transmission Corporation Limited.

HPL Electric & Power: Company issued commercial paper of Rs 80 crore.

Adani Ports: Adani Petroleum Terminal Private Limited, Adani Dhamra LPG Terminal Private Limited and Mundra LPG Terminal Private Limited have ceased to be subsidiaries and Dhamra LNG Terminal Private Ltd has ceased to be step down subsidiary of the company.

Lupin: Company receives FDA approval for Clobazam Oral Suspension, 2.5 mg/mL.

Action Construction Equipment: ICRA assigned a long-term rating of AA- with a stable outlook and a short-term rating of A1+ to the Rs 295 crore bank facilities of the company.

IOC: Company to cut non-subsidised LPG price by Rs 120.5 per cylinder.

Fortis Healthcare: Company appoints BSR & Co as auditor.

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Source: Moneycontrol

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