Top 15 stocks in focus today: HDFC, Biocon, Airtel, Laurus Labs
HDFC to dilute stake in asset management unit via IPO. To hold 50.01% stake in the AMC business post stake dilution. Standard Life to hold 24.99%.
Bharti Airtel and Vodafone India are keen to acquire some spectrum from RCom to add to their airwave holdings in key markets, people familiar with the matter said. The Anil Ambani-owned telco’s lenders are selling the spectrum to try and recover part of their Rs45,000cr dues.
Dr Reddy’s Laboratories said a German regulatory authority has allowed the company’s Visakhapatnam-based plant to restart production for the EU market.
Shilpa Medicare says NCLT approves scheme of merger of Navya Biologicals with self.
Laurus Labs receives maiden tentative approval from USFDA for Tenofovir Disoproxil Fumarate tablets.
Mirza International receives MCA approval for scheme of merger between Hi-Life Fabricators and self.
MCX completes first settlement cycle in options contract on gold futures.
Mahindra & Mahindra Financial Services opened QIP on November 30, to raise up to Rs1,056cr at a floor price of Rs439.63.
Yes Bank says Moody’s assigns Baa3 rating to its $1 billion MTN program.
LT Foods to strengthen presence in European market. Plans to invest $20 million for overall branding and expansion.
Reliance Naval says IFCL has filed an insolvency petition against Reliance Naval and Engineering Ltd at National Company Law Tribunal (NCLT) Ahmedabad.
Bank of Baroda says LIC has cut its stake in the state-run bank by 2.05% points to 5.194% from 7.249% earlier, the lender said in a regulatory filing.
Allahabad Bank has set a medium term target to sell its 30% stake at Universal Sompo General InsuranceCompany as the government is insisting sale of non-core assets.
Hatsun Agro Product plans to raise funds by way of a rights issue. The Board will consider the proposal on December 6.
Mirza International announced that the Regional Director, Ministry of Corporate Affairs, Nothern Region has approved the Scheme of Arrangement between Hi-Life Fabricators with Mirza International.
Shoppers Stop announced that the company and other sellers have transferred their entire equity shareholdings held in Hypercity Retail (India) to Future Retail and will receive a part of the cash consideration and share consideration consisting of 4,756,823 equity shares of Rs2 each of Future Retail.