Moneycontrol Be a Pro
Get App
Last Updated : Jun 22, 2017 09:16 AM IST | Source: CNBC-TV18

Stocks in the news: Dr Reddy's, Glenmark, Reliance Defence, Ramky Infra, Petronet LNG

Dr Reddy's Labs | Sun Pharma | Lupin | Glenmark Pharma | Coal India | Reliance Defence | Ramky Infra | Idea Cellular | Petronet LNG | Prism Cement | Federal Bank | Godrej Consumer and Kitex Garments are stocks, which are in the news today.


Here are stocks that are in news today:

Federal Bank: Sources
-Federal Bank QIP closed; strong demand from local & global investors
-Federal Bank QIP issue price band at Rs 111.50-116.70/share
-Max demand for Federal Bank QIP at top end of the band

-Federal Bank to raise up to Rs 2,500 crore via QIP issue

Prism Cement
-Sanskar Ceramic, step down JV of the company has completed the expansion of vitrified tiles capacity

-Capacity now stands at 2.3 million per annum of wall tiles and 4.2 million per annum of vitrified tiles

Close
Corporate actions
-Godrej Consumer Products goes ex-bonus (1:1)
-Hindustan Unilever goes ex-dividend (Rs 10)
-Kitex Garments goes ex-bonus (2:5)

-Arcotech goes ex-split (From Rs 10 to Rs 2)

Dr Reddy’s Labs, Sun Pharma, Lupin in focus
US FDA chief Scott Gottlieb says
-Can take steps to facilitate increased competition
-May address issue of high priced medicine via approval of generic medicine
-Working on a drug competition action plan

-Plan to solicit inputs for faster access to generic drugs

SEBI bats for banks
-6-month average price rule won't apply for NPA resolution cases
-Public offer exemption given in case of stressed assets
-Share price during stake sale under NCLT not to be bound by SEBI rules

-Positive for ICICI Bank, SBI, IDBI, Bank of Baroda

Jaiprakash Associates
-Lenders approve loan recast
-Formal clearance to be announced today

-Rs 13,000 crore will be transferred to a new special purpose vehicle

Other stocks and sectors that are in news today:
-RBI removes restriction on foreign investment in IDFC
-Delhi HC clears decks for potential deal by Fortis Healthcare to bring in new shareholders
-Glenmark gets tentative US FDA nod for Solifenacin Succinate tablets (used for treatment of overactive bladders)
-Tata Motors to issue non-convertible debentures (NCDs) worth Rs 500 crore
-Medicamen Biotech issues 3.06 lakh warrants to promoters and non promoters at Rs 543 per share
-Ramky Infra to sell non-civic waste unit: ET
-Coal India allows arms to reduce reserve price at auctions: ET
-Reliance Defence and Thales, to form JV for Rafale deal
-Idea Cellular moves Bombay HC for stay on CCI probe
-Petronet LNG in talks to buy stake in GSPC’s Mundra LNG: ET-Axis Bank plans to raise Rs 35,000 crore

Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Jun 22, 2017 08:15 am
Loading...
Follow us on
Available On