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Stocks in the news: HDFC Bank, ACC, Jain Irrigation, M&M, Music Broadcast, Sagar Cements, Jain Irrigation

HDFC Bank | Ambuja Cements | ACC | Jain Irrigation | Mahindra & Mahindra | IOB | Music Broadcast | Amtek Auto | PFC | Reliance Industries | JSW Steel | Monnet Ispat | PVR | PNB | Indiabulls Real Estate | Simbhaoli Sugar | Sagar Cements are stocks, which are in news today.

February 27, 2018 / 09:15 AM IST

Here are stocks that are in news today:

HDFC Bank Financial Data Leak Case | HDFC Bank Says
Bank will continue to work closely with SEBI in this regard

Bank re-iterates commitment to highest standards of corporate governance

ACC Says
Not proceeding with merger with Ambuja Cements at this juncture
Merger with Ambuja Cements remains the ultimate objective
Currently there are constraints in implementing merger with mbuja Cements
Arrangement with Ambuja Cements for mutual purchase & sale of materials, svcs
Arrangement with Ambuja Cement will need shareholder approval

Arrangement with Ambuja Cements intended to maximise synergies & unlock value

On CNBC-TV18 Anil Singhvi, Fmr Ambuja MD
Don't think business compulsion behind merger being shelved at present
There is a 'bigger design' behind the merger being called off
Both cos failed at coming out with plan for minority shareholders

This is an effort to frustrate the minority shareholders

Other stocks and sectors in the news
Jain Irrigation subsidiary invests in Innova Food NV Belgium. CY17 turnover of the acquired co - Euro 23.6mn
Mahindra & Mahindra collaborates with LG Chem to for Lio-on battery technology to support EV revolution in India
IOB approves preferential issue of shares to GoI upto Rs 4694cr
Music Broadcast - Radio city and Apple music launch Bollywood countdown show
LT Foods - CRISIL upgrades long term and short term ratings of the Co
Sagar Cements board approves acquisition of hydel power plants (capacity of 4.3 MW and 4 MW) for a sum of 26.9cr
USL - ICRA upgrades ratings of various debt instruments
HDFC Bank says will work closely with SEBI in relation to whatsapp data leak
Simbhaoli Sugar says that in relation to the fraud case registered by OBC- co is in process of submitting the information and clarifications to the investigating agencies
PNB says quantum of unauthorized transactions can increase by USD 204.25 mn Clarifies that govt hasnt asked PNB to pay the fraud liabilities
Indiabulls Real Estate’s EGM on March 23 to seek shareholder approval for divestment of stake in Indiabulls Properties
IMAX inks a new five year pact with PVR Cinemas
JSW Steel, Monnet Ispat creditors OK Aion-JSW Offer for Monnet Ispat - ET
KKR sells 5.9% stake in Coffee Day Enterprises to raise Rs 405cr
RIL-BP’s USD 4bn investment plan in KG-D6 approved
PFC inks MoUs with UP power utilities to provide financial assistance of Rs 50,200cr

Amtek Auto creditors may offer to sell Amtek along with its units - mint

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
Moneycontrol News
first published: Feb 27, 2018 07:46 am