Top 14 stocks in focus today: PNB, IDBI Bank, RCom
Punjab National Bank looks to raise over Rs1,324.21cr by diluting 6% holding in subsidiary firm PNB Housing Finance in an OFS that starts on Tuesday.
Telecom stocks in focus today as, Trai will issue recommendations on net neutrality on Tuesday, likely setting the stage for another war of words between providers of content, or apps, and mobile-phone operators.
IDBI Bank’s board approved the sale of 7.4 million shares or 1.5% stake in NSE.
Bharati Defence says NCLT has granted 90-day one-time extension for corporate insolvency resolution process.
Reliance Communications has entered into a binding Share Purchase Agreement with Pantel Technologies Pvt Limited and Veecon Media & Television Limited for sale of its subsidiary Reliance BIG TV Ltd, engaged in the business of DTH services across India.
Patel Engineering has successfully completed the assignment of transfer of actionable claims and asset with corresponding debts valuing Rs2,000cr from its books to its wholly owned subsidiary – Hitodi Infrastructure whose 51% equity has been taken over by an Eight Capital Group Entity.
TVS Electronics says shareholders approved the scheme of amalgamation between Prime property holdings and self.
HDIL seeks shareholders nod to issue two crore warrants to promoter.
Sobha is all set to develop a super luxury waterfront residential project here in co-ownership with Puravankara, as per media report.