Today's Stock View – 23.01.2019
* CYIENT: Will acquire the remaining 26% stake in subsidiary Cyient DLM for 425 mln rupees.
* GODAWARI POWER AND ISPAT: Shareholders of Jagdamba Power and Alloys have voted against the merger with the company because of a sharp erosion in the latter's share price.
* IIFL HOLDINGS: India Infoline Finance has received bids worth 4.8 bln rupees on the first day of its public issue of non-convertible debentures, indicating that the base size of the issue was subscribed 1.9 times.
* IL&FS ENGINEERING AND CONSTRUCTION CO: Has received an order-termination letter from Jharkhand Bijli Vitran Nigam due to slow progress and failure in completion of a project.
* IL&FS TRANSPORTATION NETWORKS: Has defaulted on 115.95-mln-rupee interest payment on nonconvertible debentures due on Tuesday.
* INDIABULLS HOUSING FINANCE: Plans to raise 3.3 bln rupees through the issuance of bonds maturing in five years and has invited bids on Thursday, a company official told.
* JAYPEE INFRATECH: Lenders and home buyers of the company may extend by around 15 days the Jan 27 deadline to submit proposals to revive the debt-ridden firm as shortlisted bidders have sought more time.
* JET AIRWAYS INDIA: Gulf airline Etihad and lenders to the company have been interacting over the past two days to discuss 'emergency funding' that Etihad would release to the cash-strapped airline.
* MAHARASHTRA SEAMLESS: Board has approved acquisition of 133.91 mln equity shares and 363.49 mln preference shares of United Seamless Tubulaar for 6 rupees per share.
* MINDTREE: With the founders of the company reluctant to cash in their holdings, Prem Watsa-owned Fairfax is learnt to be leading the race to acquire V. G. Siddhartha's stake in the Bengaluru-headquartered IT services firm.
* NMDC: Has announced the lighting up of its sponge iron unit after a long shut-down due to administrative reasons.
* PUNJAB NATIONAL BANK: The government has appointed Agyey Kumar Azad as executive director of the bank.
* RELIANCE INDUSTRIES: Competition Commission of India has approved the company acquiring stake and control in DEN NETWORKS and HATHWAY CABLE AND DATACOM.
Has secured backing of the key expert appraisal committee in the Ministry of Environment, Forest and Climate Change to expand capacity of its export-oriented refinery in the special economic zone at Jamnagar by 5.8 mln tn.
* SACHETA METALS: Has received contracts worth 360 mln rupees from Mozambique and 60 mln rupees from Berbera and other countries.
* SHRIRAM TRANSPORT FINANCE CO: Raised 5 bln rupees through non-convertible debentures maturing on Jun 21, 2024, at a coupon of 9.90%.
* SUN PHARMACEUTICAL INDUSTRIES: The markets regulator has started a probe against the company for allegedly failing to make proper disclosures, financial irregularities and governance lapses, based on complaints received from a whistleblower.
* TATA MOTORS: Tata Hitachi, a 60:40 joint venture between Hitachi Construction Machinery of Japan and the company, is going ahead with its plans to invest 5 bln rupees to expand manufacturing base in the country.
* STATE BANK OF INDIA: The bank's latest effort to sell loans given to Essar Steel has stalled, as potential buyers baulk at the bank's demand for a pound of flesh from the same loan's bankruptcy resolution.
* TITAGARH WAGONS: Wholly-owned subsidiary Titagarh Wagons AFR, France, has appointed Loic Dubois as chief executive officer, after Pascal Varin relinquished the post.
* V-MART RETAIL: Has opened a new store in Madhya Pradesh.
* VA TECH WABAG: Has received an order worth 4.67 bln rupees from MANGALORE REFINERY AND PETROCHEMICALS for engineering and construction of a 30-mln-ltr-per-day sea water desalination plant expandable up to 70 mln ltr per day in Mangaluru, Karnataka.
* VEDANTA: The Vedanta group Tuesday moved the Supreme Court seeking direction to Tamil Nadu government to take steps to re-open the group's Sterlite copper smelting plant in Thoothukudi in pursuance to the National Green Tribunal's order.
* YES BANK: Has partnered with Maharashtra government to use the state's fair price shops as business correspondent agents.
* ZENSAR TECHNOLOGIES: Anant Vardhan Goenka is not debarred from holding the office of a director by the Securities and Exchange Board of India, or any other such authority.
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