Mcleod Russel

Stocks like Tata Motors, Eicher Motors, TVS Motor Company, Biocon, Cochin Shipyard, KEC International, RBL Bank, Bajaj Finance, GP Petroleums, Lemon Tree Hotels, Bharat Petroleum Corporation, and ONGC will also be in focus on December 2.

McLeod Russel soars on tea garden sale for debt repayment

The stock is now on a three-day winning streak, with cumulative gain of over 12 percent.

McLeod-Carbon extends settlement negotiations till July 28

With this extension, the Kolkata-based carbon products maker will be able to continue negotiations with McLeod Russel, which had faced differences over valuation.

NCLAT set aside insolvency proceedings against McLeod Russel

Earlier on February 22 this year, passing an interim order, NCLAT had stayed the CIRP and directed the Interim Resolution Professional (IRP) "not take any further steps".

McLeod Russel gets board nod to debt settlement deal with Carbon Resources

Carbon Resources had picked up 5 percent stake in September last year from the open market in the Kolkata-based tea manufacturer.

Mcleod Russel zooms 60% in 4 days amid buzz of Carbon Resources picking up stake

According to sources, in the letter, the company offers to infuse upfront equity worth Rs 300 crore and a debt of Rs 945 crore to resolve Mcleod Russel’s outstanding debt. The tea maker currently has a debt of over Rs 1,700 crore.

Bankers of McLeod Russel sign ICA for resolution on debt recast

After the promoters of McLeod reach a settlement with a financial creditor, Techno Electric & Engineering, the company could be out of National Company Law Tribunal’s insolvency process.

McLeod Russel bankruptcy case may fan winds of change in tea industry

Whatever the outcome of the insolvency proceedings initiated against the company, experts say it is time to fix the structural deformities in the tea plantations business

Mcleod Russel stock surges 15% in 3 days

IndusInd Bank on June 29 said it has sold more than 70 lakh shares, which it acquired through invocation of pledged shares, of tea manufacturing firm McLeod Russel. With this, the lender is not holding any shares of the tea company, the bank said in a regulatory filing.

IndusInd Bank sells over 70 lakh shares of McLeod Russel

The private sector lender on June 24 had acquired 70,67,500 equity shares of the Kolkata-based tea firm pursuant to invocation of pledged shares of the company. The bank on June 28, 2021 sold 70,67,500 equity shares of McLeod.

IndusInd Bank acquires over 70 lakh shares in Mcleod Russel

"The bank had yesterday, June 24, 2021, pursuant to invocation of pledge of shares, acquired 70,67,500 equity shares of Mcleod Russel India Ltd," IndusInd Bank said in a regulatory filing on Friday.

IndusInd Bank invokes shares in Eveready, McLeod Russel; promoter share falls

The private lender has acquired 7.82 percent and 7.50 percent shares in these two companies, respectively

McLeod Russel staring at 5.5-million kg production loss in FY21 amid COVID-19 pandemic

The company's usual production volume is close to 52 million kg, out of which nearly eight million kg are purchased from small growers.

McLeod Russel seeks debt restructuring

"We are keen for a restructuring of debt for which discussions with the bankers are on. We are trying to give a proposal through SBI Caps for conversion of short-term loans into long term and also reduction of interest rates", McLeod Russel CMD Aditya Khaitan told reporters on the sidelines of the company's annual general meeting here.

McLeod Russel locked at 5% lower circuit after lender invokes pledge

The invocation of pledge could be due to a sharp fall in the share price. The stock has crashed 86 percent in the last three months

Rating woes for McLeod Russel

The ICRA revised the long-term rating of McLeod Russels, part of the BM Khaitan group companies, from "A" to "BBB-" for Rs 1031 crore line of credit.

McLeod Russel to expand purchase of bought leaf, sell marginal gardens

In the last seven to eight years, the company purchased around 18 to 20 million kilograms of bought leaf from the unorganised sector.

Hold McLeod Russel ; target of Rs 158: ICICI Direct

ICICI Direct recommended hold rating on McLeod Russel with a target price of Rs 158 in its research report dated June 01, 2018.

McLeod Russel looking to sell tea estates to settle its debt

MK Shah Exports is reportedly leading the race to buy some of the tea estates.

Market Update: 170 stocks hit new 52-week low as Nifty PSU bank plunges over 3%; SBI top loser

The market breadth was in favour of the declines with 428 stocks advancing while 1215 declined and 367 remained unchanged. On the other hand, in the BSE, 645 stocks advanced and 1542 declined and 94 remained unchanged.

Market Update: Nifty, Sensex in red while midcaps outperform; Airtel top gainer, Bajaj Auto hits 52-week high

The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.

Hold McLeod Russel; target of Rs 160: ICICI Direct

ICICI Direct recommended hold rating on McLeod Russel with a target price of Rs 160 in its research report dated August 10, 2017.

Mcleod Russel to appoint consultant for packet tea business

Khaitan said that the consultant would advise them on how to go about it as it would be for the first time that the bulk tea producer was making such an attempt.

Lighting & appliances growth drivers for Eveready: Khaitan

"Lighting and home appliances will be the growth drivers for future as so company had diversified in these categories. We are planning exclusive stores for lighting and applicances in FY18'," Managing Director Amritanshu Khaitan told PTI.

Bull's Eye: Buy NBCC, KRBL, DCB Bank, Suven Life; Sell Ambuja Cements, ACC

Shahina Mukadam, Independent Market Expert is of the view that one may buy Sona Koyo Steering Systems with a target of Rs 125.