Here are stocks that will be in news today:
Just Dial IPO
Issue price Rs 530 (grey market premium Rs 55-60)
10% disc to retail investors
Issue got a good response - Subscription strong - Total at 11.63X; QIB at 10.12X, HNI at 22.34X, Retail at 3.53X
SEBI cracks whip on defaulting co to meet MPF
SEBI Says
72 companies not compliant with minimum public shareholding regulations
SEBI freezes voting rights of promoters of MPS non-compliant cos
SEBI freezes corporate benefits of promoters of MPS non-compliant cos
SEBI bars MPS non-compliant cos' promoters from market dealings
SEBI Says non-compliant cos' promoters barred from holding new board positions
MPS non-compliant cos' directors barred from holding new board positions
To levy monetary penalties, initiate criminal proceeding against MPS non-compliant cos
To shift MPS non-compliant cos to T2T segment & to remove from F&O
MPS non-compliant cos incl Bombay Rayon, Foseco India, BGR Energy, Hubtown
Cabinet approves Real Estate (Regulation & Development) Bill
Sources on Realty Bill
Builder to pay 10% of selling price to regulator for delay
Builder to pay 10% of selling price for false advertising
3-year jail term for builder on repeated offence
10% penalty in addition to refund to buyers
NAREDCO President on Realty Bill
Welcome step; had been waiting since long
Bill will protect interest of all stakeholders & developers
Bill to check unscrupulous players, streamline sector
Regulator must facilitate growth, development of sector
Consumer complaints should be addressed to regulator
Food security ordinance was not brought before the Cabinet
Food security ordinance unlikely to be taken up this week; unlikely to meet on Friday
Cabinet defers decision on NLC divestment
Cabinet Says Tamil Nadu Chief Minister wrote to PM over NLC divestment
Union Official talks between TCS management, Finnish Workers' union end
TCS may announce job cuts at Finland Unit on June 18
Jet-Etihad Deal: Sources Say
Co filed reply to CCI queries on Monday
CCI expected to examine the reply in next few days
CCI expected to decide on the case within 30 days
HMT board
Approves fundraising of Rs 443 cr via preference share issue to govt
Approves proposal to increase share capital of co to Rs 2100 cr from Rs 1450 cr
Sundaram-Clayton IPP
Issues opens and closes on Friday
Floor price Rs 297.5
To issue up 12.64 lakh shares
Bank of Baroda Says
Single rate of interest for all home loans
Interest rate for all home loans fixed at 10.25% effective June 1
Den Networks
EGM today to consider & pass Pref allotment of shares
Allotment to non promoter include – Broad Street Investments Singapore, MBD Bridge Streets 2013 Investment Singapore (Both are affiliates of Goldman Sachs)
Pref issue at Rs 217.50/sh to the extent of USD 110 Mn
Infinite Computer Solutions to consider buy back of shares
Co has Cash & Cash equivalent increase to Rs 171.8 Cr
Since co doesn’t have any big plans & are sitting on cash hence considering a buy back
No details on how much will do guess will be decided today at the meeting
Bharti Airtel
EGM today to consider & pass Pref allotment of shares
Co considering issuance of pref equity to non promoter
Considering to offer, issue & allot 20 Cr shares at Rs 340/sh
20 Cr shares represent 5.3% of the total outstanding shares
On successful floating the same co to rake up around Rs 6800 Cr
Non promoter is Qatar Foundation Endowment SPC & its affiliates
Other stocks and sectors in the news
Bharti Airtel submits final bid for Myannar licences – reports
Hanung Toys board to consider stock split on June 12
Sun Pharma gets US FDA nod for generic Depo-Testosterone injection
Bosch AGM today co to announce Rs 60/sh dividend
Titan to announce foray into new segment in eyewear
GoM on Urea Pricing to take place today
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.