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Last Updated : Dec 04, 2015 09:11 AM IST | Source: CNBC-TV18

Stocks in news: Tata Motors, RComm, Sequent, Leyland, Dabur

Tata Motors | Ashok Leyland | Eicher Motors | Jaiprakash Associates | Jain Irrigation | Dena Bank | Reliance Communications | Sequent Scientific | Tree House Education and Dabur India are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Dabur India says
-No improvement in eco-political situation in Nepal
-India-Nepal border continues to remain closed
-Have lost some part of juice sale in October & November due to Nepal issue
-Estimated juice sales during Q3 will be lower by 10-15 percent (YoY)
-Nepal situation will have a near term impact on Q3 FY16 performance
-Have already ramped up production of juices in Sri Lanka & Newai, Rajasthan
-Have engaged with third parties to cater to demand requirement for December

Sequent Scientific says
-Arm Alivira Animal Health acquires 3 companies in Europe
-Alivira Animal Health acquires N-Vet AB, Fendigo SA & Fendigo BV in Europe


Tree House Education
-10.77 percent equity exchanged hands in 4 block deals
-Promoters Geeta & Rajesh Bhatia sold 9.5 percent stake

Reliance Communications
-Sanjiv Ahuja backed by TPG leads race to buy company's towers: ET
-Enterprise value of company's tower business pegged at Rs 21,400 crore

Dena Bank
-Board approves to raise equity capital by diluting government stake up to 52 percent
-To raise AT1 capital up to Rs 1,500 crore in one or more tranche
-To raise Tier-II capital up to Rs 1,000 crore in one or more tranche

Jain Irrigation
-Shareholders approve raising Rs 290 crore
-To issue up to 1.4 crore warrants worth Rs 112.5 crore to promoter JAF Products

RBI revises priority sector lending guidelines for regional rural banks (RRBs)
-Revised guidelines to be effective from January 1, 2016
-18 percent of total outstanding should be advanced to activities under agriculture
-A target of 7.5 percent of total outstanding prescribed for micro enterprises
-A target of 15 percent of total outstanding prescribed for weaker sections
-Priority sector lending to be monitored on quarterly & annual basis
-RRBs can achieve 8 percent sub target for small & marginal farmers in a phased manner
-RRBs can achieve 7 percent sub target by March 2016 & 8 percent by March 2017

Other stocks and sectors that are in news today:
-Truck manufacturers: Ashok Leyland, Tata Motors, Eicher Motors in focus - Government to ban commercial vehicles that are older than 15 years from April 1: BS
-Tata Motors JLR in race to buy UK Grand Prix circuit, Silverstone: ET
-Jaiprakash Associates to seek nod to raise Rs 5,000 crore via non covertible debentures
-November auto sales: Tata Motors JLR domestic sales at 248 units versus 166 units (YoY)
-Electrosteel Steels board to meet on December 8 to consider strategic debt restructuring (SDR) package approved by lenders' forum

First Published on Dec 4, 2015 08:01 am
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