2021-09-03 06:12:02
Stocks To Watch
• Reliance Industries Ltd: Reliance Retail Ventures has acquired sole control of Just Dial. Just Dial on September 1 allotted 2.12 crore equity shares at a price of Rs 1,022.25 per equity share to Reliance Retail, representing 25.35% of Just Dial’s paid-up share capital. Move follows acquisition of 1.31 crore shares, representing 15.63% of Just Dial shares on July 20. Reliance Retail now holds 40.98% in Just Dial.
• Granules India: The company has received licence from Defence Research & Development Organisation, Ministry of Defence, to manufacture and market 2-Deoxy-D-Glucose. Developed by DRDO, 2-DG has been granted permission by Drug Controller General of India for emergency use as adjunct therapy in moderate to severe Covid-19 patients.
• IRB Infrastructure Developers: The company has emerged as a preferred bidder for the construction of six lanes of 20.060 kms, Pondavakkam to Kannigaipair stretch, on the upcoming Chittoor – Thachur Highway in Tamil Nadu at the cost outlay of Rs 909 crore. The company bid Rs 844.14 crore for the highway project. The construction is expected to be completed in 730 days.
• RailTel Corporation of India: The company has received a contract from Directorate of Information Technology, Indian Air Force for implementation of secure OPS Network for value of Rs 299.95 crore. The work is expected to be completed over a period of 12 months.
• Jammu & Kashmir Bank: Approved raising of equity share capital up to Rs 1000 crore in one or more tranches by way of rights issue/peferential allotment/private placement/QIP or any other approved mode. The bank also approved raising up to Rs 1000 crore via bonds.
• OnMobile Global: A branch of the company in Panama has been dissolved effective August 31.
• Rossari Biotech: The company has completed the acquisition of the first tranche of 76% of the total equity share capital (on a fully diluted basis) of Tristar Intermediates on September 1.
• Hindustan Aeronautics: Board to consider sub-division of equity shares on Sept. 21.
• Jain Irrigation: Board meeting on Sept. 7 to consider fund raising plan
• MT Educare (MTEL): Defaults on repayment of interest and principal
• AGMs: PNB Housing Finance (3 p.m.); Macrotech Developers (3:30 p.m.); AlA Engineering (10 a.m.); Multi Commodity Exchange (11:30 a.m.); Edelweiss Financial Services (4 p.m.); Strides Pharma (12:30 p.m.); Kalyani Steels (11 a.m.); Electrosteel Castings (1:30 a.m.); Indo Count Industries (12:30 p.m.)
162 viewsVinay, 03:12