Stocks in the news: Tata Motors, Wipro, SAIL, Music Broadcast, PFC, Tiger Logistics, Reliance Nippon

HCC board meeting on June 17 to het shareholder’s approval egarding the proposal for raising of funds

Wipro: Company partners with Moogsoft to deliver next-gen AIOps solutions.

Kopran: Unlisted preference shares would be redeemed on the due date in June as per the terms of the issue out of accumulated profits.

Allahabad Bank decided for a downward revision of MCLR by 05 basis points (bps) across different tenors

Tiger Logistics: CARE revised the outlook of credit rating for bank facilities to negative from stable.

Tiger Logistics: Company bagged Contract for handling the export logistics for the Piaggio Vehicles Private Limited.

Music Broadcast: Company entered into a definitive binding agreement for the acquisition of Reliance Broadcast Network Limited (Big FM).+

NTPC signed JV agreement with East Delhi Municipal Corporation with equity participation of 74:26

Power Finance Corporation: Company successfully tapped the international market and raised $1 billion through Reg- S bonds in one go.

KPI Global Infrastructure: Due to other pre-occupations, Raghavendra Rao Bondada, Independent Director has tendered his resignation from the board of directors.

Sharda Motor Industries: Exhaust Technology Private Limited becomes the joint venture company of Eberspaecher Exhaust Technology International GmbH and Sharda Motor Industries.

Greenply Industries: Company entered into an agreement for investment of Rs 1.80 crore (i.e. 30 percent) in the equity share capital of Nemani Panels Pvt. Ltd., (a newly incorporated company for setting-up a manufacturing unit of Plywood and allied products at Bareilly, U.P.) promoted by Bareilly Plyboards Pvt. Ltd. (an existing company manufacturing and selling Plywood and allied products).

IIFL Finance: IIFL Securities has allotted one fully paid up equity share of Rs 2 each of IIFL Securities for every one fully paid up equity shares of Rs 2 each held by shareholders of IIFL Finance (erstwhile IIFL Holdings Limited) and IIFL Wealth Management has allotted one fully paid up equity shares of Rs 2 each of IIFL Wealth Management for every seven fully paid up equity shares of Rs 2 each held by the shareholders of IIFL Finance on June 06, 2019.

IFCI: Company appointed Shri Rajesh Kumar Gupta, General Manager as Chief Risk Officer till March 31, 2021.

Edelweiss Financial Services: Subsidiary ECL Finance and flagship NBFC of Edelweiss Group and Bank of Baroda signed an agreement to form a strategic partnership to explore co-lending / co-origination opportunities.

Reliance Nippon Life Asset Management: Reliance Capital to sell 2.86 percent stake in company via offer for sale on June 13 and 14. The floor price of the sale shall be Rs 212 per equity share of the company.