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Last Updated : Sep 24, 2015 09:46 AM IST | Source: CNBC-TV18

Stocks in news: L&T, Amtek, Elder, C&C Const, Orient Green

Maruti Suzuki | Larsen and Toubro | Orient Green Power | Skipper | Cadila Healthcare | IRB Infra | Amtek Auto | Manappuaram Finance | C&C Construction | Elder Pharma | Aban Offshore | Balmer Lawrie | Hinduja Ventures | NHPC | Castex Technologies and Metalyst Forging are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Amtek Auto, Castex Technologies, Metalyst Forging
-Amtek Auto pledges 95.6 lakh shares (2.75 percent) of Castex Tech with Allahabad Bank
-Also pledges 38 lakh shares (1.1 percent) of Castex Tech with State Bank of Bikaner
-Metalyst Forging also pledges 25 lakh shares (0.7 percent) of Castex Tech with State Bank of Travancore

Hindustan Powerprojects
-To refinance existing debt in 3 solar special purpose vehicles
-To enter credit enhanced bond market
-Bonds of Rs 380 crore fully underwritten by YES Bank
-Bonds worth Rs 380 crore will have coupon of 10.05 percent for 10 years


-Shareholders approve raising up to Rs 2,500 crore via issuing NCDs/bonds
-Appoints KM Singh as CMD w.e.f September 23

Hinduja Ventures
-To enter into business of distribution of set top boxes for HITS Projects
-Distribution of boxes likely to be on cash & carry basis

VLCC Health Care
-Files for IPO including fresh issue of up to Rs 400 crore
-Some existing shareholders to also sell shares in IPO
-ICICI Securities, Citigroup Global & Axis Capital are running lead managers for IPO

RBI releases draft framework for external commercial borrowings
-Draft to give liberal dispensation for long-term borrow in foreign currency
-Seeks feedback on draft ECB framework by October 11
-Proposed framework to retain existing basic structure for forex borrowings
-List of recognised lenders to include companies with long-term interest in India
-To announce framework for issuance of rupee denominated bonds overseas soon
-Overseas regulated financial entities, insurance & pension funds included as recognised lenders
-Participation of Indian banks as ECB lenders subject to prudential norms issued by RBI
-Minimum average maturity of loans to be 3 years for ECB up to USD 50 million
-Minimum average maturity of loans to be 5 years for ECB above USD 50 million
-Refinancing of existing ECB with a fresh ECB with higher all-in-cost now permitted
-Framework for issuance of rupee denominated bonds overseas to be issued separately

Bosch to CNBC-TV18
-Supply components to automaker’s specifications; Volkswagen (VW) is no different
-VW responsible for calibrating, integrating components into system
-Responsibility for configuring handling characteristics also lies with VW
-VW has been a customer for decades, especially for powertrain components
-Supplied common-rail injection system, delivery & metering module to VW models named in reports
-Develop injection & exhaust-gas treatment systems that reduce emissions in every driving situation

Balmer Lawrie
-To invest Rs 400 crore in its logistics infra business in next 2-3 years
-To set up multi-modal logistics hub at Vizag
-To set-up temperature-controlled warehouses at different locations
-To undertake revival of JV company Transafe Services

Other stocks and sectors that are in news today:
-L&T plans township in Bengaluru to monetise land parcel: ET
-Orient Green Power raises Rs 250 crore through preferential issue to promoters
-Aban Offshore plans to shed debt by 10 percent every year: BS
-PFC eyes Rs 700 crore via tax free bonds
-Power Grid board approves investment proposal worth Rs 133.71 crore
-Airport Authority of India to expand Chennai airport & set up ATC Tower at Kolkata with Rs 1,400 crore investment: PTI
-Elder Pharma to consider proposal for sale of step down overseas arms on September 28
-Maruti Suzuki says sales of auto gear shift technology vehicles cross 50,000 units
-C&C Construction gets order worth USD 141.28 million in Oman
-Gammon Infra seeks shareholder nod for divestment of investments in subsidiaries
-AK Srinivasan takes over as director (finance) of ONGC
-RBI proposes allowing REITs & InvITs to raise rupee-denominated funds offshore
-Cairn Energy PLC moves International Court for appointment of arbitrator: PTI sources
-Forward Markets Commission says Universal Commodity Exchange MD & CEO Praveen Pillai not 'fit & proper' to run any bourse
-Manappuram Finance, CEO settle insider trading case with SEBI; pay Rs 43 lakh as settlement fee
-IRB Infra to set up Infra Investment Fund by March
-NBCC pays Rs 59.4 crore dividend to the Government of India
-Coal India OFS: Government extends bid submission date for merchant bankers till October 14
-Cadila Health sets October 7 as record date for stock split
-REC inks 2 MoUs with Andhra utilities to provide Rs 9,000 crore loan
-Skipper plans to set up 3 PVC pipe facilities in NCR, Telangana & North East
-Shriram Equipment Finance to amalgamate with Shriram Transport Finance
-Hotel Leela gets shareholder nod to raise Rs 1,000 crore through issue of securities
-Glenmark launches Teneligliptin in Pune (oral anti-diabetic agent, used for diabetes mellitus management)
-Mylan gets US FDA nod for Tranexamic acid (treats or prevent excessive blood loss during surgery)

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First Published on Sep 24, 2015 08:13 am
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