Stocks in News Today Punjab National Bank: The government has | Neeraj Joshi

Stocks in News Today

Punjab National Bank: The government has extended the term of office of Shri Sanjay Kumar, Executive Director of the bank, for a period beyond September 19, 2021, and also extended CH.S.S. Mallikarjuna Rao, Managing Director & Chief Executive Officer of the bank for a period beyond September 18, 2021.

Nazara Technologies: The company to make strategic investment for the proposed acquisition of 100% stake in OpenPlay Technologies from its existing shareholders i.e. Sreeram Reddy Vanga and Unnati Management Consultants LLP, for Rs 186.41 crore, in one or more tranches.

SRF: Gujarat Pollution Control Board (GPCB) has issued a revocation order under Air (Prevention and Control of Pollution) Act, 1981 for resumption of operations in P2 and the two other allied plants with immediate effect.

Bal Pharma: Promoter Micro Labs acquired entire stake in the company from investor Jitendra Tejraj Lunia. Promoter bought 3,00,900 equity shares at Rs 92.74 per share. Jitendra Tejraj Lunia exited the company by selling entire shareholding at Rs 92.73 per share on the NSE, the bulk deals data showed.

INOX Leisure: The company commenced the commercial operations of a Multiplex Cinema Theatre taken on Lease basis, located at Jaipur, Rajasthan, which has 3 screens and 585 seats. It is now present in 69 cities with 154 Multiplexes, 651 screens and a total seating capacity of 1,48,021 seats across India.

Tinplate Company of India: The company approved an expansion plan, investing in putting up an additional capacity of 3,00,000 tonne per annum at Jamshedpur. The project is expected to be completed in about 3 years.

Vivo Bio Tech: The company entered into a long term supply contract for various products & services with Biological E, one of the largest vaccine manufacturers, of India, as a preferred vendor. The value of the contract is estimated to be a in the range of Rs 20 crore to 30 crore per year, for each of the next three years.

GOCL Corporation: The company has entered into an agreement with Squarespace Infra City for sale of 44.25 acres land at Kukatpally, Hyderabad, for Rs 451.79 crore. The transaction is expected to be completed in 3-6 months. The remaining land of about 32.09 acres will continue under the Joint Development Agreement with Hinduja Estates (HEPL) for development based on approvals.