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Last Updated : Dec 09, 2015 08:36 AM IST | Source: CNBC-TV18

Stocks in news: Havells, IIFL, Eicher Motors, Kaya, BHEL

Dr Reddy's Labs | Electrosteel Steels | Ashoka Buildcon | Mahindra & Mahindra | Kaya | IIFL Holdings | Eicher Motors | IOC | Oil India | BHEL and Havells India are stocks, which are in the news today.

 
 
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Here are stocks that are in news today:


Havells India
-Company to dilute majority stake in Sylvania: ET
-Move to shift focus on domestic markets


BHEL
-Heavy Industry Minister Anant Geete says no plans for divestment of BHEL
-BHEL has orders worth Rs 22,000 crore for this year

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IOC/Oil India
-Companies may buy 20 percent stake in Rosneft asset in Taars-Yuryakh
-Deal pegged at USD 600-700 million


IIFL Holdings
-Board approves acquisition of 65 percent stake in IIIBL from Orpheus
-IIIBL will become 90 percent non-material subsidiary of company
-Fairfax hikes stake in IIFL as it acquires around 22 percent through open offer for Rs 1,340 crore


Eicher Motors
-Royal Enfield pegs production loss of 11,000 units
-Production loss due to closure of its factories in Chennai


Kaya
-Company's Middle-east arm DMCC to acquire 75 percent interest in Iris Medical Centre, Abu Dhabi
-Iris Medical reported half year revenues of AED 2.24 million (approximately Rs 4 crore) as of September 30


Electrosteel Steels
-Board approves increase in authorised share cap of company pursuant to strategic debt restructuring (SDR) package
-Lenders to convert debt of Rs 2,507 crore into equity shares worth Rs 250 crore


Other stocks and sectors that are in news today:
-Dr Reddy's Labs submits response to USFDA on the warning letter
-Ashoka Buildcon acquires 100 percent share capital of Ashoka Path Nirman (Nasik)
-M&M: Mahindra Defence says Telephonics Corporation increases stake in their JV to 49 percent from 26 percent



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First Published on Dec 9, 2015 08:21 am
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