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Last Updated : Dec 23, 2016 11:09 AM IST | Source: CNBC-TV18

Stocks in news: Sun Pharma, Strides, JK Paper, Edelweiss

Sun Pharma | Maruti Suzuki | Redington | Sasken Communications | Voltamp Transformers | Strides Arcolab | JK Paper | Edelweiss Financial | Tata Metaliks | Hinduja Ventures | Suzlon Energy | Mahindra & Mahindra Financial and Hinduja Ventures are stocks, which are in the news today.

Here are stocks that are in news today:

Sun Pharma
-Acquires 1.3 crore series B preffered stock of US-based company scPharmaceuticals Inc
-Acquires preferred series B stock in scPharma for USD 13 million

-Reaches an agreement with US Securities & Exchange Commission to resolve 6-year old investigation
-As per agreement, company to pay penalty of USD 5 million to US SEC

Reliance Home Finance
-Issue oversubscribed; gets bids for Rs 4,000 crore versus Rs 1,000 crore target
-Issue to close today instead of January 6


Maruti Suzuki
-Toshiaki Hasuike ceases to be whole-time director designated as joint managing director
-Toshiaki Hasuike continues as a non-executive director

Hinduja Ventures
-Board approves subscribing to 16.57 lakh Hinduja Leyland Finance shares at Rs 79 each
-Board approves divestment of 4.36 crore Hinduja Energy shares at Rs 31.58 each

Tata Motors EGM results
-Shareholders vote to remove Nusli Wadia as director of the company
-71.2 percent of total number of votes cast, support Wadia's removal resolution

Other stocks and sectors that are in news today:
-Dr Reddy's Labs gets tentative US FDA nod for Guaifenesin/Pseudoephedrine drug
-Aurobindo Pharma gets USFDA nod for Pitavastatin calcium
-Kotak Mahindra Bank under I-T scanner; fake accounts with nearly Rs 70 crore found: CNN-News18
-Puravankara Projects name changed to Puravankara
-Future Consumer - CARE reaffirms rating of A and A1
-Mahindra & Mahindra Financial Services establishes Rs 5,000 crore medium term note program
-Suzlon partners with AMP Solar for 15 MW solar project in Telangana
-Hinduja Ventures approved disinvestment of 4.36 crore shares of Hinduja Energy at Rs 31.58 per share
-JBM Auto board meeting on December 29 to reconsider fund raising including QIP
-Good Luck India board meeting on December 27 to consider issue of convertible warrants to promoters
-Asian Oilfield board meeting on December 27 to consider allotment of warrants to proposed allotees
-Igarashi Motors board meeting on December 26 to consider amalgamation of group companies
-AGI Infra board meeting on December 30 to increase borrowing limits and issue non-convertible debentures (NCDs) worth Rs 25 crore
-JSW Energy board meeting on December 27 to consider issue of NCDs
-Welspun Enterprises approved buyback worth Rs 269 crore at Rs 62 per share
-Tata Metaliks DI Pipes to be amalgamated w.e.f. December 22, 2016
-JK Paper to sell 20 percent stake in Oji JK Packaging to Oji Holdings
-Edelweiss Financial likely to raise Rs 600-750 crore via ECL Finance listing: ET
-KKR to lend USD 100 million to Strides Arcolab's promoters
-UB Holdings' N Srinivasan resigns as director
-Voltamp Transformers suspended Savli factory operations effective from December 21
-Karnataka High Court accepts Sasken Communications arm's petition to withdraw merger with company
-ProConnect increases stake to 76 percent in Redington's arm with option of buying additional 24 percent

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First Published on Dec 23, 2016 08:00 am
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