Stocks in news: IFCI, Max Fin, Maruti, Trent, Vipul, Petron, SIB

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Here are stocks that are in news today:

ICICI Prudential Life Insurance IPO (ICICI Bank subsidiary)-Opens today, closes on September 21-Price band at Rs 300-334/share-Issue size 18.13 crore shares-Issue represents 12.63 percent equity dilution-Offer size Rs 5,440-6,057 crore at lower & upper band respectively-Expected market cap Rs 43,060-47,940 crore at lower & upper band respectively-10 percent of the offer is reserved for ICICI Bank shareholders-ICICI Bank holds 67.9 percent which may decline to 55.2 percent post IPOInfosys-High possibility of Infosys cutting FY17 revenue growth guidance: Sources-Top end of Infosys guidance could be revised downwards-Alert: Infosys had guided for 10.5-12 percent revenue growth in FY17-Infosys may consider making the guidance band narrowerCNBC-TV18 analyst poll-Poll shows expectations of a cut in guidance-Analysts expect Infosys to cut FY17 revenue growth guidance to 9-10.5 percent-Main risks highlighted by analysts are Brexit & BFSI-Incremental news on consulting is being read as a positive-Margin seen at lower end of 24-26 percent band-Slim chance of margin band being lowered

SBI-SBI chairperson Arundhati Bhattacharya may get extension for 1 year: Sources-Extension process for SBI chairperson Arundhati Bhattacharya underway

Trent-Tata Sons proposes to acquire 1.17 percent of Trent from Af-Taab Investment-To acquire Trent shares from Af-Taab Investment on or after September 22-Acqn price not to be 25 percent higher than 60-day average price of Rs 1,897.6/shareAlert: Trent split each share into 10 on September 12

Vipul-Gets environmental clearance for Aarohan project-Prepays debt of Rs 163 crore

Jyoti Structures-Unit Jyoti Americas LLC (JAL) advised to inform employees not to report to work from September 14-JAL advised as it is unable to meet payroll due to cash flow situation

United Breweries-Heineken International BV acquires 0.7 percent stake via block trade window on September 16Alert : Heineken International confirms CNBC-TV18 newsbreak of United Breweries shares buy-Yes Bank invokes pledge on 0.72 percent shares held by McDowell Holdings

Welspun India-2 class action lawsuits filed against Welspun India & its US subsidiaries-Class action lawsuits versus Welspun India seek minimum damage of USD 5 million each

VST Tillers-Power Tiller sales of 1930 in August versus 3045 in July-Tractor sales of 810 in August versus 684 in July

Other stocks and sectors that are in news today:-Bajaj Finance - Listing of 26.93 crore bonus shares-NMDC & MOIL buyback window from September 19 to 30-Sadbhav Infra - CARE reaffirms long term rating of A+-Phoenix Mills seeks shareholder approval for acquisition of shares in subsidiary companies-Superb Papers to change focus of the company from paper to agro based industry-South India Projects gets contract worth 1.8 lakh euro from French company-IDFC issued commercial papers worth Rs 700 crore with rating of ICRA A1+-Brigade Enterprises subsidiary company forms JV with Cornerstone Bay East Developers to develop 47 acres in Bangalore-Crest Ventures forms subsidiary company – Crest Capital & Investment-SE Investments approved non-convertible debentures (NCDs) worth Rs 95 crore-Motherson Sumi successful completion of QIP worth Rs 1,993.4 crore-Axis Bank to acquire 13.67 percent stake in Assets Care & Reconstruction Enterprise from IFCI for Rs 22.72 crore-Power Grid approved investment for system strengthening in southern region for Rs 562.25 crore-Karnataka Bank launches online retail loan web portal – KBL Loan Junction-Prism Informatics approved raising of funds via rights issue-Future Lifestyle Fashions forms subsidiary company – Future Trendz-Petron Engineering Construction gets letter of intent worth Rs 50 crore from Shree Cement for civil work at 3 plants-Future Group, Heritage Foods in focus - Future group in advanced talks to buy Heritage group's retail business: ET-Goldman’s PE fund to sell its 15 percent stake in Max Financial Services for Rs 2,400 crore deal-Tata Motors, Maruti Suzuki in focus: Auto companies may put on hold the plan to launch small cars with diesel engines-Godrej Properties in focus - BPTP may sell its Gurgaon land to Godrej for Rs 350 crore-Marble companies restrictions ended for marble import but duty raised-Bird Group to open 3 hotels in India; mulls acquisitions-MRPL under revenue authorities' lens for alleged excise duty evasion of Rs 10 crore-NTPC requests government to allow surplus coal at Badarpur thermal power unit to be used in Madhya Pradesh-Hardcastle to invest Rs 750 crore on McDonald's expansion (Hardcastle Restaurants is franchisee of McDonald's for West & South India): PTI-Indiabulls Housing Finance public issue of NCDs oversubscribed by over 2x on base issue of Rs 3,500 crore-RBI says foreign shareholding in South Indian Bank (SIB) has reached trigger limit-GMR Infra gets shareholder nod to issue securities of up to Rs 2,500 crore-Transformers and Rectifiers India gets shareholder nod to issue shares via QIP or preferential allotment