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Last Updated : Aug 25, 2015 08:44 AM IST | Source: CNBC-TV18

Stocks in news: Glenmark, United Brew, SpiceJet, Crompton

Union Bank of India | IOC | Vakrangee | Central Bank of India | Chennai Petroleum | Glenmark Pharma | United Breweries | Future Retail | SpiceJet | Crompton Greaves and South Indian Bank are stocks, which are in the news today.

 
 
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Here are stocks that are in news today:


Pennar Engineered Building Systems IPO opens
-Price band Rs 170-178/share
-Issue closes on August 27
Anchor allotment
-DSP Black Rock – 18.8 percent
-Nomura (Singapore) -11.6 percent
-Nomura (India) – 18.8 percent
-Others: Religare, HDFC, Birla Sunlife, Kotak


Shree Pushkar Chemicals and Fertilisers IPO opens
-Price band Rs 61-65/share
-Issue closes on August 27

Close

Changes in Midcap 50 Index
-Crompton Greaves to be excluded (to also be excluded from Infra Index)
-South Indian Bank included


IOC OFS subscribed 1.2x
-Gets bids for 28.7 crore shares
-Retail portion subscribed 0.2x & non-retail subscribed 1.4x


Divestment secretary Aradhana Johri says
-A very bad day for markets globally, particularly Asia
-IOC OFS is fully subscribed
-IOC OFS got subscription worth Rs 11,107 crore
-Fall in market has been significant, highest since July 2009
-Volatility has been huge, it is a very difficult market
-Trading in the secondary market has been exceptionally high
-Strong response to IOC OFS despite hugely adverse market conditions
-Government raises Rs 9,379 crore from Indian Oil divestment
-Have to look for opportunities for other divestments
-Retail participation in IOC OFS was lower due to weak market sentiment
-Expectation of US Fed Rate hike has nothing to do with Monday's sell-off
-Sell-off in China has clearly impacted Indian market
-Have been seeing a lot of volatility in market in recent weeks
-Will have to rethink our strategy for divestments going forward


SEBI board approves change in rules for FMC's merger with SEBI
-SEBI board approves removal of restrictions on maximum number of anchor investors for IPOs above Rs 250 crore
-SEBI board approves new regulations for exchanges & brokers in commodity derivatives market
-SEBI eases norms for anchor investors in public offers to make it easier to raise funds through primary markets
-SEBI proposes to exempt companies from making mandatory open offer in case of increase in promoter holding due to forfeiture of shares


Corporation Bank says
-Government's capital infusion is sufficient for this year
-Envisaging 10 percent growth for the bank this year
-Reducing our bulk credit & focussing on MSME
-Seeing signs of revival with government's initiatives
-Government is taking steps to revive stalled projects
-Expect growth to pick up going forward
-Focus remains on reducing NPAs, continuously monitor accounts


DHFL says
-Tier-2 & 3 markets constitute the bulk of our markets
-See growth coming in from tier-2 markets
-Q1 has been fairly strong given that this quarter usually is subdued


Heineken in talks to raise holding in United Breweries to more than 50 percent
-Heineken aims to take full management control of United Breweries
-Heineken seeking to buy shares from Vijay Mallya & Associates: Reuters sources


Finance ministry official says
-Government to take a decision ‘soon’ on AP Shah panel suggestions
-Government to issue circular giving relief to FIIs on MAT prior to April 1 soon
-Government to make AP Shah panel report public after decision
-Government may amend law later in winter or budget session to cement MAT relief
-Government may put out roadmap on phasing out corporate tax exemptions next week


Union Bank says
-Have put Rs 1,200 crore NPAs on the block for sale to asset reconstruction companies in Q2
-Have gotten in touch with 9 payment banks for tie-ups


Other stocks and sectors that are in news today:
-Circuit revised to 10 percent from 20 percent: Vakrangee, TIL, Central Bank of India
-Chennai Petroleum to get Rs 1000 crore infusion from IOC: BS
-Glenmark launches low price Gliptin for diabetes patients: BS
-Bhushan Steel eyes Monnet Ispat’s stake in Orissa Sponge
-SC asks HC to take call on DLF Park Place’s residents’ plea
-Vedanta raises Rs 2,000 crore from SBI through NCDs
-Future Retail raises Rs 205 crore via NCDs on private placement basis
-IOC to lay Rs 200 crore India Nepal pipeline: FE
-SpiceJet plans to start dedicated freighter service in next to quarters: FE



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First Published on Aug 25, 2015 08:15 am
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