Union Bank of India, Can Fin Homes Ltd., Tata Steel Ltd., BSE Ltd. and Hindustan Unilever Ltd. are some of the stocks set to buzz on Wednesday.
Prime Securities and Enbee Trade & Finance are some of the stocks going ex-trade for dividend.
Here are the notable corporate announcements released after Wednesday's market hours:
Stocks In News
Union Bank of India: The company approved raising funds up to Rs 6,000 crore via debt and equity.
Timex Group: Promoter Timex Group Luxury Watches is set to exercise oversubscription option in the ongoing offer for sale.
Vodafone Idea: The telecom operator is said to seek $2.9 billion in loans to Bolster Network.
Tata Steel: The company acquired 179 crore shares aggregating to Rs 1,563 crore in T Steel Holdings.
Manappuram Finance: The company executed an agreement to issue warrants worth Rs 2,192 crore to BC Asia Investments XIV at Rs 236 per warrant. Each warrant carries the right to subscribe to 1 share.
BSE: SEBI imposed a penalty of Rs 25 lakh for violation of regulation. The penalty has no material impact on financial, operation or other activities.
Tata Steel: The company received show cause notice relating to irregular availing of input tax credit of Rs 890 crore during fiscal 2019.
Can Fin Homes: The company approved to raise up to Rs 10,000 crore via debt instruments including QIP and right issue.
PB Fintech: Co-founders Yashish Dahiya and Alok Bansal are set to sell 5.05 million shares or 1.1% stake at Rs 1,800 apiece, which is 2.2% discount to current market price. The transaction is valued at Rs 912 crore.
Hindustan Unilever: Magnum HoldCo is set to buy 61.9% stake of Kwality Walls India from Unilever.
Stocks Trading Ex-Date
Ex- Dividend: Prime Securities (Rs 1.5) and Enbee Trade & Finance (Re 0.01).
Ex-Rights Issue: Infibeam Avenues.
Shares To Exit Anchor Lock-In
The share of equity that is set to become eligible for trade as the lock-in period ends for pre-IPO anchor investors.
Ventive Hospitality (5%)
Carraro India (49%)
Sanathan Textiles (2%)
Mamta Machinery (50%)
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