Stocks To Watch: Grasim, Hindustan Unilever, Reliance Industries
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, fell 0.45 percent to 9,225.
Your Friday morning briefing.https://t.co/84LtoZBgc3 pic.twitter.com/eR2KJgxmpn
April 7, 2017Here are the stocks to watch out for in today's session:
Reliance Industries
- Wholly-owned subsidiary Reliance Jio Infocomm Ltd., withdrew its three months complementary offer
- Offer withdrawn post Telecom Regulatory Authority of India's order
- Customers who have subscribed to the complementary offers prior to discontinuation will remain eligible for the offer
Deepak Fertilizers and Petrochemicals Corporation
- Wholly-owned subsidiary Smartchem Technologies Ltd. will acquire 76 percent stake in Performance Chemiserve Pvt.
- Stake buy to be done via a fresh issue to fund further growth in PCPL
- PCPL engaged in packaging services to the chemical industry since 2006
Dynamatic Technologies
- Signs an agreement between Magal Security Systems Ltd. an Israeli company
- Agreement to pursue integrated security projects in India
- Aims to provide combined integrated border management solutions
- Also aims to answer the increasing demand in the Indian markets for high-end security products and solutions for critical infrastructure
Gammon Infrastructure
- Acquires 24 percent stake in Indira Container Terminal Pvt. Ltd. for Rs 15 crore
- ICTPL has now become the subsidiary of the company
- Gammon stake rises to 74 percent in the company
SML Isuzu
- Company and its dealers have inventory of approximately 1,800 BS-III vehicles
- Will take convert some vehicles into BS-IV and export some vehicles
- Procedure to carry out both will involve additional expenditure
- Arshiya Limited: Seeks shareholder approval to issue equity shares, optionally convertible redeemable preference shares, warrants on preferential basis
- Somany Ceramics: Issues commercial papers worth Rs 40 crore
- SMS Pharmaceuticals: Invests Rs 2.7 crore in VKT Pharma Pvt. The company now holds 41.08 percent stake in VKT Pharma
- Indian Bank: Fixes MCLR in the range of 8.15 percent to 8.9 percent depending on the maturity
- Datamatics Global Services: Wholly-owned subsidiary, Datamatics Global Services Inc. has incorporated a new entity named Datamatics Robotics Software Inc. in the U.S.
- RBL Bank: Opens IFSC banking unit at GIFT City.
- Gammon India: NCLT approves the Scheme of Arrangement between Gammon India Ltd. and Transrail Lighting Ltd. and their respective shareholders and creditors for transfer of the company's T&D undertaking.
- GE Power: Awarded a contract worth approximately Rs 237.6 crore by GE Power AG
Media Reports
- Oil Marketing Companies: HPCL, BPCL and IOC plan to review fuel rates daily (Economic Times)
- Jet Airways: Freezes pay hikes as fierce competition hurts (Economic Times)
- HUL: Aims to slash up to 15 percent jobs which includes exiting the spreads business (Economic Times)
- Coal India: Mulls acquiring coking coal mines in Australia (Financial Express)
- HPCL: Reworks fiscal pact for Rajasthan refinery. Work to begin soon (Financial Express)
- Grasim: Shareholders Approve Merger With Aditya Birla Nuvo (Bloomberg)
- Indiabulls Ventures: To consider share sale to foreign investors (Bloomberg)
- Shalimar Paints: To consider fund raising, including rights issue (Bloomberg)
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