The payment will be made by the company on or before March 31, 2018.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Adani Enterprises, Orchid Pharma, Future Supply Chain, and a whole lot of PSU banks.
According to the media report, Aurobindo Pharma and Dr Reddy's Laboratories are the frontrunners to buy out Orchid Pharma.
The market breadth was in favour of the advances on Monday afternoon with 1140 stocks advancing as against 505 declines while 356 remained unchanged. On the other hand, 1676 stocks advanced and 797 stocks declined on the BSE.
It has now fine-tuned its estimates for FY18-19 and is up by 8 percent on effects of new strategic direction.
HDFC Bank, Bombay Dyeing, Balkrishna Industries, Mahindra & Mahindra and Shriram Transport Finance were some of the stocks that hit new 52-week high.
Trends coming in for assembly election results for Gujarat and Himachal Pradesh showed a victory for the Bharatiya Janata Party (BJP), but the margin of victory worried the Street.
Shares of JMC Projects added 4 percent in the early trade on Monday as it has secured new orders worth Rs 790 crore.
The research house said aluminium business is most important for incremental profits. Global supply-demand and surging raw material prices bodes well for aluminium, it added.
Watch CNBC-TV18's analysts give a 360 degree round up on specific stocks and sectors.
The arbitration tribunal has rejected GAIL's claim of Rs 357 crore against the company.
48 stocks hit new 52-week high on NSE including HDFC Bank, Maruti Suzuki, Century Ply, Mahindra & Mahindra, Shriram Transport and Relaxo Footwears.
The research house also raised earnings per share estimates by 3-5 percent.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- HDFC Bank, HDFC, Indian Terrain, Linc Pens, VIP Clothing, Donear Industries, and a whole lot of PSU banks.
The board will also consider a preferential issue to Housing Development Finance Corporation, the promoter of the bank.
The midcap index was up 1.1 percent led by Apollo Tyres, GMR Infra, India Cements, Jain Irrigation, JSW Energy, L&T Finance, Sun TV and Voltas while Bank Nifty was also up over 1 percent led by HDFC Bank and Yes Bank.
The market breadth was in favour of the advances on Friday morning with 1350 stocks advancing as against 226 declines. On the other hand, 1546 stocks advanced and 337 stocks declined on the BSE.
Tydemy is indicated for use by women to prevent pregnancy and to raise folate levels in women who choose to use an oral contraceptive for contraception.
Nifty Bank was up 0.15 percent led by PNB, Canara Bank and Axis Bank while CNX Pharma was the outperforming sector led by Dr Reddy's Labs and Cipla.
Ventura expects revenue, operating income and net profit of the company to grow at a compounded rate of 11 percent, 53 percent and 173 percent, respectively, by March 2020.
Oberoi Realty is a Mumbai-focused premium real estate developer, with presence in the residential, commercial and hospitality segments. The sharp focus on delivery of quality products has helped the company create a strong brand over the past 20 years.
The most active Nifty stocks were Tata Communications which was up 2.7 percent while TCS, Maruti, Reliance Industries and M&M were the other active stocks. The top losers were TCS which fell 2.8 percent while UPL, Bajaj Finance, GAIL India and Wipro were the other losers.
Research and broking firm IDFC Securities has reiterated an underperform rating on Tata Communications with a target of Rs 655 per share. However, the house feels that approval for demerger of surplus land is a positive for the company adding that the stock price is already reflecting value unlocking from the listing of de-merged entity.
The market breadth was in favour of the declines on Thursday morning with 710 stocks advancing as against 823 declines. On the other hand, 950 stocks advanced and 939 stocks declined on the BSE.
Reserve Bank of India (RBI) has increased the FII investment limit in the company to 49 percent from earlier 24 percent.