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Last Updated : Mar 26, 2018 09:34 AM IST | Source: Moneycontrol.com

Stocks in the news: Reliance Industries, Fortis, Indiabulls Real, Va Tech Wabag, Tata Power, Kridhan Infra

Reliance Industries | Indiabulls Real Estate | Fortis Healthcare | Bharat Financial Inclusion | BHEL | NTPC | Tata Power | Unitech | Jain Irrigation | HCL Tech | NHPC are stocks, which are in news today.

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Here are stocks that are in news today:

Reliance Industries

The comapny has inked a deal to combine over-the-top (OTT) music platform Saavn with its own digital music service JioMusic in a transaction worth over USD 1 billion. JioMusic’s implied valuation for the transaction was USD 670 million

Indiabulls Real Estate

The company has divested 50 percent stake in arms Indiabulls Properties (IPPL) & Inidabulls Real Company (IRECPL) to Blackstone for an enterprise value of Rs 9,500 crore.

Uttam Galva Steel

ArcelorMittal has got approval from exchanges to change its 'promoter' status in Uttam Galva Steels, giving it a huge boost ahead of the second round bidding for Essar Steel.

Viceroy Hotels

Corporate Insolvency Resolution Process (CIRP) has been initiated in respect of the company, Hyderabad under the provisions of Insolvency and Bankruptcy Code by an order of National Company Law Tribunal with effect from March 12, 2018.

Fortis Healthcare

Shareholding of BlackRock Inc in the company has moved above 5 percent.

SRF

DSP BlackRock MF's shareholding in the company increased to 5.14 percent on March 21.

Va Tech Wabag

The company has incorporated a subsidiary company in the name of 'VA Tech Wabag Brazil Servicos DE AGUA E SANEAMENTO LTDA.

Huhtamaki PPL

The company has entered into a business transfer agreement for acquisition of the business of Ajanta Packaging, India on a slump sale basis, based on an enterprise valuation of Rs 100.3 crore. This acquisition will help the company in consolidating its position in pressure sensitive label business.

Bharat Financial Inclusion

The company assigned two pools of receivables of an aggregative value of Rs 1,391 crore with a leading public sector bank and a leading private sector bank on direct assignment basis. With these transactions, the company has completed six direct assignment transactions worth Rs 3,328.32 crore in FY18.

Granules India
-US FDA issues no 483 observations for Gagillapur unit
-US FDA Issues 1 483 observation for Jeedimetla unit

Alert: US FDA inspected Granules' Gagillapur & Jeedimetla units from March 19-23

Cipla
-Launches Aloxi Generic in the US market under agreement with Helsinn

-Aloxi generic has US sales of USD 460 million as of November 2017

Cadila Healthcare
-Zydus Gets US FDA nod for Metoprolol Succinate extended-release tablets

Alert: Metoprolol is used to treat Angina (chest pain)

Other stocks and sectors in the news today:

Autoline Industries to get industrial promotion subsidy for invst in 2 units since 2009 from Maharashtra government

Bharat Financial Inclusion: Completed direct assignment of Rs 1,391 crore to two banks, one private and one public.

BHEL: The company has signed Technology Transfer Agreement with ISRO for manufacture of Space Grade Lithium-ion cells.

NTPC: The firm has commissioned 800 MW Lara super thermal power project.

Tata Power: Signs Share Purchase Agreement With Tata Sons To Sell 59 Cr Shares In Panatone Finvest

Unitech: HDFC Invokes 6.5 Cr Shares Of Co Pledged By Promoter Sanjay Chandra

Jain Irrigation: Promoter Creates Pledge On 13.5 Lakh Shares On March 12

HCL Tech: Transfers Entire Stake In Arm HCL Training To Another Arm HCL Comnet

NHPC: It has commissioned 50 MW Solar Power Project In Theni, Tamil Nadu

Precision Camshafts subsidiary PCL (International) Holding BV acquired 76 percent shareholding in MFT Motoren und Fahrzeugtechnik GmbH, Germany.

Marathon Nextgen Realty has fixed April 6 as record date for split of face value of the equity shares of the company from existing Rs 10 each to Rs 5 each.

GOCL Corporation has fixed April 6 as the record date for the purpose of payment of interim dividend.

Capital First said the meeting of the debenture committee of the company will be held on March 28

Tata Chemicals approved the scheme of amalgamation for the merger of Bio Energy Venture 1 (Mauritius) Pvt Ltd, a wholly owned subsidiary of the company, with the company.

Mercator board approved the issue of 1,750 secured redeemable unlisted non-convertible debentures of face value of Rs 10,00,000 each, aggregating to Rs 175 crore on private placement basis.

Kridhan Infra acquired 36.86 percent stake in Vijay Nirman Company Private Limited. It had signed an SSA for increasing its stake to 50.5 percent.

NMDC Board will, on March 26, consider declaration of interim dividend for the financial year 2017-18, if any.

Shoppers Stop: CRISIL has upgraded their rating on the Rs 100 crore commercial paper of the company from 'A1' to 'A1+'.

Lumax Auto Technologies board approved sub-division of equity shares of the company from Rs 10 per share to Rs 2 per share.

Lenders to Jyoti Structures will meet on Monday to put the only resolution bid received for the debt-laden company to vote: Mint.

A draft defence production policy proposes to increase the FDI cap in niche technology areas to 74 percent under the automatic route: Mint.

Seven companies have shown interest in acquiring Lanco Infratech: ET

SFIO probes Fortis Healthcare, Religare Enterprises for alleged frauds

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
First Published on Mar 26, 2018 07:50 am
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