- InterGlobe Aviation confirms expressing interest in Air India stake
- Azim Premji’s investment arm to pick up stake in Aditya Birla Capital
- RCF’s share sale for retail investors opens for subscription
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The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,504.
Here are the stocks to watch out for in today’s session:
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InterGlobe Aviation
- The low-cost carrier confirms its interest in acquiring a stake in of Air India and Air India Express
Aditya Birla Nuvo
- Azim Premji's investment arm PI Opportunities Fund to buy 2.2 percent stake in Aditya Birla Captial Ltd.
- The company issued 4.84 crore equity shares at Rs 145.4 each
- The transaction values the company at Rs 32,000 crore
- Rashtriya Chemicals and Fertilisers: OFS for retail investors to open for subscription today
- New F&O Entrants: Chennai Petroleum, ICICI Prudential Life Insurance, Manappuram Finance, Repco Home Finance, SREI Infra
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- Omax Auto: Applies for closure of certain departments, manufacturing lines, wings in its Dharuhera plant
- Vardhman Polytex: Application filed by subsidiary F.M. Hammerle Textiles for insolvency resolution process admitted by NCLT
- Mandhana Industries: Has delayed payment of interest on NCDs which was scheduled to be paid on June 28
- Bombay Dyeing: NCLT sanctions scheme of amalgamation with Archway Investment Company
- Kamat Hotels: Received approval from Central Bank of India for its one-time settlement proposal
- Ruchi Infrastructure: Gets NCLT order for recovery of Rs 5.46 crore. Company says nothing is payable against this order and its taking legal recourse
- Raunaq EPC: Circuit filter revised to 5 percent from 10 percent
- Sona Koyo Steering Systems: Gagandeep Credit Capital exited the company by selling entire 3.47 percent stake on June 21, 2017
- Gammon India: Shareholders approve conversion of loans into equity
- Time Technoplast: Announces successful trial production and testing of composite cylinders for automotive CNG which it plans to launch in the second half of FY2018-19
India Tourism Development Corporation
To transfer 51 percent stake in MP Ashok Hotel Corporation for Rs 12.59 crore
To transfer 51 percent stake in Assam Ashok Hotel Corporation for Rs 2.14 crore
Today’s Nifty Call
Bulk Deals
CARE Ratings
- Canara Bank sold 25.93 lakh shares or 8.8 percent stake at Rs 1,660 each
- CRISIL bought 26.22 lakh shares or 8.9 percent stake at Rs 1,659.79 each
- Siti Networks: Digital Satelite Holdings bought 3.26 crore shares or 3.7 percent stake at Rs 28.05 each which was bought by Siti Networks
- Shiva Cements: JSW Cement bought 12.34 lakh shares or 0.6 percent stake at Rs 22.49 each
- Petronet LNG: Citigroup Global Markets Mauritius sold 37.79 lakh shares or 0.5 percent stake at Rs 431.73 each
- Suzlon: Credit Suisse (Singapore) sold 4.57 crore shares or 0.9 percent stake at Rs 17.93 each
Brokerage Calls
- Bank of Baroda: Nomura upgrades the stock to 'buy' with price target at Rs 200
- Fortis Healthcare: Nomura downgrades the stock to 'Neutral' with price target cut to Rs 177 from Rs 211
- Ultratech Cement: JPMorgan maintains 'Overweight' with price target of Rs 4,400
- Graphite India: Anand Rathi Securities initiates coverage with 'buy' call and price target of Rs 296
Media Reports
- Jaypee Group: Lenders may get to see write back provisioning worth Rs 3,000 crore. (Economic Times)
- ONGC: Scraps pact with two oil fields services companies. (Economic Times)
- Thomas Cook: Acquires part of Kuoni's business. (Economic Times)
- Piramal Enterprises: Invests Rs 485 crore in Apollo Logisolutions. (Mint)
- MEP Infra: To collect toll at Rajiv Gandhi Sea Link. (Financial Express)
- Dr. Reddy's Laboratories: Srikakulam plant gets form 483 with one observation. (Bloomberg)
- Kirloskar Ferrous: To consider raising funds on July 4. (Bloomberg)
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