The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, dropped 0.6 percent at 8,903.
Your Thursday morning briefing.https://t.co/IcSkQ3eMoC pic.twitter.com/MkpjkkjKAN
Here are the stocks to watch out for in today's session:
Kotak Mahindra Bank
- Uday Kotak sells 27.6 million shares or 1.5 percent of his stake to Canadian pension fund manager Caisse de Depot et Placement du Quebec (CDPQ)
- Sale done at Rs 817 per share
- Sale reduces Kotak's stake in the bank to 32.1 percent, closer to the RBI's directive of reducing stake to 30 percent before the end of June
Also Read: Banking Tycoon Cuts Kotak Stake Through Sale to Canada Funds
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Dr Reddy's Labs
- U.S. FDA completes inspection of the formulation manufacturing facility in Duvvuda, Visakhapatnam
- Issues Form 483 with 13 observations.
Welspun Enterprises
- Completes sale of company's investments in Welspun Energy
- Sold 15.49 percent in the paid-up equity share capital of Welspun Energy Pvt. Ltd. at a consideration of Rs 285.8 crore
- Further consideration depends upon occurrence of certain future events.
Shree Renuka Sugar
- Approves allotment of 1.64 crore equity shares of face value of Re 1 each at a price of Rs 16.56 per equity share aggregating to Rs 27.21 crore to one of the JLF lenders Standard Chartered Bank
- Allotment done upon conversion of loans
- Paid-up share capital of the company increases from Rs 92.88 crore to Rs 94.52 crore
Yes Bank is catching up with private peers on valuations. https://t.co/y8ieXWjqXH pic.twitter.com/RrTQGBtLZ3
- Bombay Burmah: To consider proposal for issue of secured, listed, redeemable, Non-Convertible Debentures up to Rs 150 crore on a private placement basis.
- Bharat Financial Inclusion: Clarifies on reports of merger with IndusInd Bank, calling it speculative in nature, adding that it keeps exploring various options from time to time
- Omkar Speciality Chemicals: Promoters release 15.2 lakh pledged shares, representing 7.43 percent of the total capital.
- Reliance Capital: To raise Rs 25 crore via NCDs
- Indiabulls Housing Finance: Allots secured, redeemable, Non-Convertible debentures worth Rs 495 crore on a private placement basis.
- Aditya Birla Nuvo: Unsecured lenders to meet on April 10, 2017 with respect to the scheme of arrangement between AB Nuvo, Grasim Industries and Aditya Birla Financial Services
- Tamil Nadu Newsprint And Papers: Stops production in Paper Machine II in the Karur unit from March 7, 2017.
- Fortis Healthcare: VEMF-A buys 2.7 million equity shares for Rs 178.5
- Geometric: Reliance Mutual Fund bought 6.5 lakh equity shares for Rs 261.5
Consumer groups voice concerns over ‘perverse' bank cash transaction charges, reports @alexandermats https://t.co/Jm0pWlpWaa pic.twitter.com/woJUJhXPc2
Media Reports
- IndusInd Bank: In advanced talks to take over Bharat Financial Inclusion in all stock transaction, valuing the latter at around Rs 12,000 crore. (Business Standard)
- Eros International: Withdraws bond issue. (Business Standard)
- HDFC: To raise Rs 2,000 crore via debentures. (PTI)
- Maruti Suzuki India: To go for four new product launches in 2017-18. (Financial Express)
- United Spirits: Pins hopes on brand relaunches will help it regain market share. (Mint)
- ITC: Not looking to generate shareholder returns from the healthcare venture. (Mint)
- Dish TV: CCI seeks TRAI's view on merger between Dish TV and Videocon D2H. (Mint)
After Tamil Nadu, PepsiCo and Coca-Cola now face ban in Keralahttps://t.co/UpBL8JMakZ
IPO Corner
- Avenue Supermarts IPO oversubscribed 1.36 times on Day 1
- Music Broadcast IPO oversubscribed 39.45 times on last day
Qatar Air plans to establish Indian carrier with 100 planes, reports @AEROisme.https://t.co/xhZQPbaPSl pic.twitter.com/x5afMfaECm
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