Wednesday, 20 December 2017

Top stocks in focus today: Tata Steel, HDFC, IndusInd Bank, Edelweiss, Welspun Enterprises

Tata Steel to expand Kalinganagar capacity by 5m tons per annum to 8 MTPA. The project will cost Rs23,500cr.

HDFC to raise up to Rs13,000cr by issuing a mix of instruments. Up to Rs8,500cr will be used to subscribe to the preferential allotment of HDFC Bank.

CCI has approved the scheme of amalgamation between IndusInd Bank and Bharat Financial Inclusion. The scheme remains subject to the receipt of approval from the RBI and regulatory approval including approvals of the stock exchanges, SEBI, the National Company Law Tribunal and respective shareholders.

Edelweiss to acquire Religare's retail securities business.

TTML said that it could not meet its loan obligations and has sought a waiver of its payment dues from its lenders. TTML, the listed arm of telecom firm Tata Teleservices said that its lenders are considering the waiver.

The promoter of cash strapped MBL Infrastructure is eligible to bid for its assets, the Kolkata bench of the National Company Law Tribunal has ruled, clearing confusion over the position of non-defaulting promoters in saving their companies.

Welspun Enterprises will not invest in Welspun Financial. Instead the amount earmarked for NBFC venture will be used for further growth in infrastructure space.

Info Edge has invested through its wholly-owned subsidiary about Rs12.50cr in International Educational Gateway.

Coal India to introduce evacuations facility charges at 50/ tonne for dispatch of coal.

Indorama Ventures announces amalgamation of its 4 JV cos in India & IVL Dhunseri Petro to be the surviving entity.

Max Ventures gets shareholder nod for cancellation of area purchase agreement with Piveta Estates & Boulevard.

Amara Raja to invests Rs700cr in battery unit in Andhra Pradesh.

GMR Infrastructure consortium with Megawide Construction Corp is awarded order for Clark Airport in Philippines on engineering, procurement and construction basis.

Emami Infra holders to consider absorbing Zandu Realty on Jan 20.

Garden Silk Mills says promoters to pledge 51% of the total paid up equity in favour of IDBI Trusteeship. has received Rs12.81cr from promoter and managing director.

AU Small Finance Bank signed agreement with Sahaj E-village for providing banking and financial services.


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