Stocks in news: Gitanjali, OIL, Alkem, Aarey, NBCC, Marathon

Here are stocks that are in news today:

Gujarat Fluorochemicals
-Company plans restructuring to enhance shareholder value; may simplify structure
-Company mulling demerger of chemicals business into a separate entity
-Restructuring to focus on chemical business & remove holding company discount
-Company has 4 verticals- chemical, wind turbine manufacturing, wind farm, film exhibition
Gujarat Fluorochemicals to CNBC-TV18
-No restructuring being contemplated at this point of time
Alert:
-Gujarat Fluoro's market capitalisation is Rs 6,500 crore
-Gujarat Fluoro holds 63 percent stake in Inox Wind valued at Rs 2,500 crore
-Gujarat Fluoro holds 48 percent stake in Inox Leisure valued at Rs 1,150 crore
-Standalone specialty chemical business valued at Rs 5,000 crore

NPPA
-Fixes price caps of 4 essential drugs, revises ceiling of 14 drugs
-Fixes price caps of 375 mg Griseofulvin, 500 mg Methyldopa
Alert
-Wockhardt sells 500 mg Methyldopa at 75 percent mark-up on NPPA price
-Dr Reddy's Labs sells 375 mg Griseofulvin at 21 percent mark-up on NPPA price

Canara Bank
-Sold 35.8 lakh shares of Can Fin Homes at Rs 2,105/share to an affiliate of GIC
-Sold Can Fin Home shares via off-market deal to Caladium Investment
-Sold Can Fin Home shares as part of monetisation of non-core assets

Anil Dhirubhai Ambani Group Companies
Reliance Infrastructure
-Board meet on March 16 to consider issue of securities to QIBs
Reliance Capital
-Group CEO Soumen Ghosh to complete term on March 31
-On track to complete transition towards becoming a core investment company by March 31
-Announcement regarding new CEO to be made in due courseReliance Power
-Reliance Wind to acquire 12.39 percent in company from Reliance Infradevelopment
-Inter-se transfer to take place on or after March 20 at Rs 44.54/share

Alkem Labs
-Got inspection report from US FDA for Baddi facility with 3 observations
-US FDA inspected Baddi unit from March 2-10
-To give detailed response with adequate corrective actions to address issues
-Will file response to US FDA observations in stipulated time

Aarey Drugs
-Propose to take over Forel Labs via equity swap after due diligence
-Forel Labs is a manufacturer of API products with unit at Visakhapatnam
-Authorised MD to appoint agency for due diligence & discuss matter with bankers

ACC
-Sold 2.36 crore shares (12.13 percent equity) of Shiva Cement to JSW Cement for Rs 38.66 crore
-Sold Shiva Cement stake via off-market transaction on March 9

Electrosteel Castings
-Delhi HC disposed writ petition filed w.r.t compensation payable for Parbatpur coal mine
-Delhi HC judgement being reviewed by company and legal advisors

Refinancing of public sector banks: Sources
-Comptroller and auditor general of India (CAG) likely to table audit report on refinancing PSBs in monsoon session
-CAG scrutinising NPA pile up at PSU banks
-CAG examining impact of top defaulters on PSU banks
-CAG scrutinising recapitalisation of PSU banks by finance ministry
-CAG examining if PSU banks utilised recapitalisation funds correctly
-CAG examining if recapitalisation of PSU banks was 'need-based'
-CAG examining if PSU banks were able to turn around losses

Other stocks and sectors that are in news today:
-Gitanjali Gems says Nakshatra World has filed DRHP with SEBI on March 8
-NBCC gets Rs 250 crore order from Mauritius government to build new Supreme Court building
-Oil India board to consider buyback proposal on March 20
-Marathon Nextgen board to consider share buyback and new project proposal on March 17
-Mother Dairy to hike milk prices by Rs 2 per litre from March 10 in Delhi-NCR: PTI
-Nelco board approves voluntary retirement scheme for eligible employees from March 10
-Competition Commission of India approves joint venture between Trafigura & Polycab Wires
-Sun TV Network to pay second interim dividend of Rs 5/share (face value of each share Rs 5)
-Karnataka Bank ties up with Bajaj Allianz General for general insurance business
-Alkem Labs gets US FDA nod for Finasteride tablets (used to treat pattern hair loss)
-Palred Technologies revised circuit filter to 10%
-S&P BSE Sensex 50 added to F&O
-No dealing in Geometric & HCL Technologies due to demerger
-RBL Bank - ICRA assigns rating of A+
-Jayant Agro - CRISIL upgrades rating from BBB+ to A- and A2 to A2+
-IL&FS Transportation Networks signed SPA with Cube Highways & Infra for sale of Andhra Pradesh Expressway for Rs 140.37 crore
-Satin Creditcare approved increase in capital from Rs 130 crore to Rs 140 crore and issue of warrants to promoter
-Power Grid approved 5 investments worth Rs 1,197 crore
-Sical Logistics seeks approval for enhanced borrowing limit up to Rs 1,050 crore, conversion of loan into equity and raise funds up to Rs 250 crore via non-convertible debentures
-Sat Industries acquired additional 3.83 percent stake in Sah Polymers
-Byke Hospitality opens THE BYKE RIDDHI INN in Udaipur
-Fiberweb approved allotment of 18 lakh warrants at Rs 181 per share to strategic investors
-Adani Enterprises seeks Australian backing for rail line: ET
-Hindustan Zinc to invest Rs 1,000 crore to set up two fumer plants: BS
-Titagarh Wagon looking at bids for metro rail projects: HBL