Today Stock News – 27.11.2018
* AU SMALL FINANCE BANK: Has plans to raise at least 3 bln rupees by issuing Basel III- compliant tier-II bonds maturing on May 30, 2025.
* CIL NOVA PETROCHEMICALS: Asia Investment Corp Mauritius has sold 0.55% stake or 150,000 shares of the company at 21.5 rupees a share through a bulk deal on the National Stock Exchange.
* COAL INDIA: Ready to renew its 5-mln-tn offer of additional coal to NTPC, which could not lift any quantity after it was offered the fuel with a 30-day deadline.
* FORTIS HEALTHCARE: Distancing itself from former promoters Malvinder Mohan Singh and Shivinder Mohan Singh, the company has opposed Daiichi Sankyo Co's plea to stop the sale of its stake to Malayasia's IHH Healthcare Berhad.
* FUTURE RETAIL: Future Group's founder Kishore Biyani is negotiating a wider agreement with Amazon that will provide online retailer the option to buy him out in the future. Bahrampore-Farakka Highway project in West Bengal.
* HOUSING DEVELOPMENT FINANCE CORP: Has plans to raise up to 90 bln rupees by issuing bonds maturing in 10 years and has invited bids on Wednesday.
* IFCI: Has received 4.92 bln rupees following the completion of insolvency resolution process of BINANI CEMENT, a subsidiary of BINANI INDUSTRIES.
* IL&FS TRANSPORTATION NETWORKS: Has defaulted on interest payment of 22.93 mln rupees towards non-convertible debentures due on Monday.
* INDIA FINSEC: Invested 28.4 mln rupees in its subsidiary IFL Housing Finance Ltd through a rights issue on Saturday.
* INTERGLOBE AVIATION: The government is reviewing the move by low-cost carriers SPICEJET and the company to charge passengers for web check-ins for all seats, which had led to an outrage among flyers.
* JET AIRWAYS: Robin Kamark, chief executive officer of Etihad's equity partners, has joined the board of the company. Has told its employees that salary delays would continue till March, as it struggles to arrange funds. The airline also continued to lay off people in small chunks, with about 16 people getting pink slips in the latest tranche.
* NAVA BHARAT VENTURES: The company and its subsidiary Nava Bharat Energy (India) has signed contracts with Tata Power Trading Co, a wholly-owned subsidiary of TATA POWER CO, for supply of 25 MW and 100 MW power to Telangana state grid, respectively.
* NMDC: The company's iron ore production in the Apr-Oct period was 15.47 mln tn, and sales for the period were at 16.55 mln tn.
- The Karnataka government is in the process of calling for fresh tenders of Donimali iron ore mines and may go in for auction in case the company does not sign the contract agreeing for 80% premium in the next three weeks.
* POWER FINANCE CORP: Has plans to raise at least 10 bln rupees through two bonds, one maturing in three years and the other in 10 years.
* SUN PHARMACEUTICALS INDUSTRIES: Arm Sun Pharma Global FZE will acquire 100% stake in Japan-based Pola Pharma Inc for $1 mln.
- The company and its wholly-owned subsidiaries have entered into settlements with certain plaintiffs
related to Modafinil drug antitrust case in the US.
* SUPERSHAKTI METALIKS: Lts Investment Fund has bought 2.98% stake or 171,900 shares of the company at 407 rupees a share through a bulk deal on BSE.
* SUZLON ENERGY: The company has completed sale of its subsidiary Tornado Solarfarms Ltd to CLP Wind Farms (India), for 325 mln rupees.
* SYNDICATE BANK: To raise up to 5 bln rupees by issuing stock to its staff under the employee share purchase scheme. Shares will be given at a 15-25% discount to employees.
* UNICHEM LABORATORIES: The company has received establishment inspection report from the US Food and Drug Administration for Mumbai unit for the post marketing adverse drug experience.
* VEDANTA: The Supreme Court has dismissed a plea by the Tamil Nadu government seeking review of its order, which asked National Green Tribunal to decide on merits and maintainability of the issue raised by the state on the company's petition challenging closure of its Sterlite plant.
* YES BANK: The RBI has began inspecting the bank's exposure to IL&FS, Dewan Housing Finance Corp, Indiabulls group, and Sudhir Valia-promoted entities Fortune Financial Services India and Surakhsha ARC.
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* CIL NOVA PETROCHEMICALS: Asia Investment Corp Mauritius has sold 0.55% stake or 150,000 shares of the company at 21.5 rupees a share through a bulk deal on the National Stock Exchange.
* COAL INDIA: Ready to renew its 5-mln-tn offer of additional coal to NTPC, which could not lift any quantity after it was offered the fuel with a 30-day deadline.
* FORTIS HEALTHCARE: Distancing itself from former promoters Malvinder Mohan Singh and Shivinder Mohan Singh, the company has opposed Daiichi Sankyo Co's plea to stop the sale of its stake to Malayasia's IHH Healthcare Berhad.
* FUTURE RETAIL: Future Group's founder Kishore Biyani is negotiating a wider agreement with Amazon that will provide online retailer the option to buy him out in the future. Bahrampore-Farakka Highway project in West Bengal.
* HOUSING DEVELOPMENT FINANCE CORP: Has plans to raise up to 90 bln rupees by issuing bonds maturing in 10 years and has invited bids on Wednesday.
* IFCI: Has received 4.92 bln rupees following the completion of insolvency resolution process of BINANI CEMENT, a subsidiary of BINANI INDUSTRIES.
* IL&FS TRANSPORTATION NETWORKS: Has defaulted on interest payment of 22.93 mln rupees towards non-convertible debentures due on Monday.
* INDIA FINSEC: Invested 28.4 mln rupees in its subsidiary IFL Housing Finance Ltd through a rights issue on Saturday.
* INTERGLOBE AVIATION: The government is reviewing the move by low-cost carriers SPICEJET and the company to charge passengers for web check-ins for all seats, which had led to an outrage among flyers.
* JET AIRWAYS: Robin Kamark, chief executive officer of Etihad's equity partners, has joined the board of the company. Has told its employees that salary delays would continue till March, as it struggles to arrange funds. The airline also continued to lay off people in small chunks, with about 16 people getting pink slips in the latest tranche.
* NAVA BHARAT VENTURES: The company and its subsidiary Nava Bharat Energy (India) has signed contracts with Tata Power Trading Co, a wholly-owned subsidiary of TATA POWER CO, for supply of 25 MW and 100 MW power to Telangana state grid, respectively.
* NMDC: The company's iron ore production in the Apr-Oct period was 15.47 mln tn, and sales for the period were at 16.55 mln tn.
- The Karnataka government is in the process of calling for fresh tenders of Donimali iron ore mines and may go in for auction in case the company does not sign the contract agreeing for 80% premium in the next three weeks.
* POWER FINANCE CORP: Has plans to raise at least 10 bln rupees through two bonds, one maturing in three years and the other in 10 years.
* SUN PHARMACEUTICALS INDUSTRIES: Arm Sun Pharma Global FZE will acquire 100% stake in Japan-based Pola Pharma Inc for $1 mln.
- The company and its wholly-owned subsidiaries have entered into settlements with certain plaintiffs
related to Modafinil drug antitrust case in the US.
* SUPERSHAKTI METALIKS: Lts Investment Fund has bought 2.98% stake or 171,900 shares of the company at 407 rupees a share through a bulk deal on BSE.
* SUZLON ENERGY: The company has completed sale of its subsidiary Tornado Solarfarms Ltd to CLP Wind Farms (India), for 325 mln rupees.
* SYNDICATE BANK: To raise up to 5 bln rupees by issuing stock to its staff under the employee share purchase scheme. Shares will be given at a 15-25% discount to employees.
* UNICHEM LABORATORIES: The company has received establishment inspection report from the US Food and Drug Administration for Mumbai unit for the post marketing adverse drug experience.
* VEDANTA: The Supreme Court has dismissed a plea by the Tamil Nadu government seeking review of its order, which asked National Green Tribunal to decide on merits and maintainability of the issue raised by the state on the company's petition challenging closure of its Sterlite plant.
* YES BANK: The RBI has began inspecting the bank's exposure to IL&FS, Dewan Housing Finance Corp, Indiabulls group, and Sudhir Valia-promoted entities Fortune Financial Services India and Surakhsha ARC.
