2020-09-16 06:20:52
Market News & Update
Piramal Enterprises: News reports that Blackstone Group & Partners Group Holding are the only two remaining bidders vying for a controlling stake in the company's glass unit - Piramal Glass. The company is seeking a valuation of $1 billion for the unit.
Indiabulls Housing Finance: Board approved allotment of 3.48 crore equity shares to qualified institutional buyers at an issue price of Rs 196.37 per share. Key allottees include HSBC, Tosca Group, Nomura, Think India Opportunities Master Fun, TIMF Holdings and Societe Generale.
SpiceJet: Continues to maintain market share of 16%. Restructuring aircraft leases and early return of aircraft, thereby having long-term savings impact on costs. Likely return of Boeing 737 Max to service by Q4FY21 to boost operations. The airline also stated that Boeing has offered more compensation than it has recognised.
Bharti Airtel: Partnered with Sterlite Technologies to build a modern optical fibre network for itself across 10 telecom circles.
Infosys: Selected by Essential Utilities - one of the largest publicly traded water, wastewater and natural gas providers in the U.S., as a strategic partner to drive its digital transformation.
InterGlobe Aviation: Civil Aviation Minister Hardeep Singh Puri stated that the company has modified engines in all of its 134 A320/321 aircrafts with Pratt and Whitney turbines.
Aurobindo Pharma: Announced a collaboration with the Council of Scientific and Industrial Research to develop vaccines against Covid-19. The company will undertake clinical development and commercialisation of the vaccines.
Hexaware Tech: Board has extended bid closing date for the company’s delisting to September 16.
IRB Infra: Arm has executed concession agreement with NHAI for an expressway project in Gujarat for a bid cost of Rs 1,724 crore.
Mangalore Chemicals and Fertilizers: Has shut down its DAP plant on September 15 for planned maintenance. Akshay Poddar has been appointed as the company’s chairman from September 29.
Som Distilleries and Breweries: ICRA downgraded graded long term-rating to ICRA BBB from ICRA BBB-, with the outlook remaining negative.
Lakshmi Vilas Bank: Mutual due diligence with Clix group and the bank is completed. On June 15, the Bank had signed preliminary, non-binding letter of intent with Clix Group in relation to the proposed amalgamation of Clix Group with the Bank.
406 views03:20
S
