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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

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

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First Published on Jun 22, 2017 08:15 am
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