2021-09-06 06:30:02
Stocks in News Today (6th September, 2021)
Reliance Industries: Subsidiary Reliance Strategic Business Ventures acquired 2,28,42,654 equity shares in Strand Life Sciences for Rs 393 crore.
Punjab National Bank: On September 10, the bank will consider raising capital through the issuance of Basel-III compliant additional Tier-1 Bonds and/or Tier-II bonds in one or more tranches.
Ashoka Buildcon: The company has received the letter of award from Adani Road Transport for the execution of civil and associated works on engineering, procurement & construction (EPC) for six- laning of the national corridor NH-19 from Pangarh to Palsit in West Bengal. The accepted EPC contract price is Rs 1,567.45 crore.
Dr Reddy's Laboratories: The company entered into a definitive agreement with Citius Pharmaceuticals to sell its rights to anti-cancer agent E7777 (denileukin diftitox).
Bank of India: LIC acquired an additional 3.87% stake in the bank via QIP, raising its shareholding to 7.05% from 3.17%.
GSS Infotech: Radhika Dubash acquired additional 1.11 lakh equity shares in GSS Infotech at Rs 74.88 a share on the NSE, the bulk deals data showed.
Engineers India: Chennai Petroleum Corporation has entrusted the execution of EPCM-1 with MPMC & EPCM-3 services for 9 MMTPA Cauvery Basin Refinery (CBR) project at Nagapattinam, Tamil Nadu to Engineers India. The order is valued at Rs 1,039 crore with a total project schedule of 42 months for mechanical completion.
HealthCare Global Enterprises: The company has acquired oncology hospital labs and clinical trials business from Strand Lifesciences.
ICICI Lombard: The company has received regulatory and other approvals from the Insurance Regulatory and Development Authority of India (IRDAI) for the demerger of the general insurance business of Bharti AXA General.
Rajshree Sugars & Chemicals: The company reported a loss of Rs 14.67 crore in Q1FY22 against a loss of Rs 14.88 crore in Q1FY20, revenue rose to Rs 105.26 crore from Rs 96.23 crore YoY.
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