Today's Stock News – 24.05.2019
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* ADOR MULTIPRODUCTS: Signed an agreement with Amazon India to create a line of premium grooming products.
* CIPLA: Signed an agreement to acquire 26% stake in AMPSolar Power Systems for 129 mln rupees, on a fully diluted basis, in one or more tranches.
* DR REDDY'S LABORATORIES: Has received the US Food and Drug Administration's approval for generic of Vitamin K1 injection.
* EICHER MOTORS: Flash Electronics' patent breach claim won't hit company.
* HINDUSTAN COPPER: On Thursday said that next week, its board will consider increasing borrowing limits to 25 bln rupees from the existing 15 bln rupees.
* JET AIRWAYS INDIA: Company's future remains uncertain as Hinduja Group and Abu Dhabi-based Etihad Airways failed to make headway in their negotiations for joint ownership of the airline.
-The Hinduja Group may invest 10-15 bln rupees in the company as part of a plan to revive the airline, along with Etihad Airways, STATE BANK OF INDIA and London-based AdiGro.
* KARUR VYSYA BANK: Is in the process of migrating to the latest version of Core Banking Solution.
* LARSEN & TOUBRO: Has acquired over 450,000 shares of MINDTREE from open market, taking its shareholding in the company to 26.93%.
* MOIL: Has set a production target of 1.48 mln tn manganese ore, and capital expenditure of 2.1 bln rupees for 2019-20 (Apr-Mar).
* NIIT TECHNOLOGIES: Hulst BV has acquired additional 98,100 shares of the compamy from the open market, taking its shareholding in the company to 32.04%.
* RADICO KHAITAN: The Central Pollution Control Board has revoked its closure order on the company's Rampur unit and directed the company to cut country liquor production by 61.5% till Jun 30. However, the impact on country liquor manufacture is expected to be minimal.
* RELIANCE CAPITAL: Will sell at least 32.11 mln shares, or 5.25% stake, in RELIANCE NIPPON LIFE ASSET MANAGEMENT through an offer for sale of shares.
-Stichting Depositary APG Emerging Markets Equity Pool has bought 0.55% stake or 1.4 mln shares in the company at 134.21 rupees a share through a bulk deal on the National Stock Exchange.
* ZENSAR TECHNOLOGIES: Has implemented an automation solution for South Africa-based insurer Sanlam to drive digital transformation.
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