Stocks that are likely to record significant movement on bourses today
Adani Ports: Adani International Container Terminal Private Limited (AICTPL), a 50:50 joint venture of Adani Ports & Special Economic Zone Limited and Terminal Investment Limited Holding SA, priced an offering of US$ 300 million, 3 per cent of senior secured notes due in 2031. The notes will be issued to institutional investors, who are permitted to invest in the notes under applicable laws. AICTPL intends to use the proceeds from the offering, upon receipt of requisite approvals, to repay all its existing senior indebtedness and to repay a portion of the subordinated shareholder loans availed by it, in accordance with applicable laws & regulations and as permitted by Reserve Bank of India including directions issued by it in respect to external commercial borrowings.
Sterlite Technologies: The company has made a number of key leadership appointments to expand its capabilities to offer end-to-end advanced solutions for digital networks, and drive its next phase of growth.
Borosil Renewables: The company approved the floor price for QIP at Rs 133.19 per equity share.
TCS: Star Alliance expands strategic partnership with TCS to deliver enhanced customer experiences.
Cigniti Technologies: Cigniti positioned as a ‘niche player’ in Gartner 2020 Magic Quadrant for Application Testing Services, Worldwide.
Kotak Mahindra Bank: RBI granted approval for the re-appointments of Uday Kotak as MD & CEO, Dipak Gupta as Joint MD, and Prakash Apte as Part-time Chairman for a period of 3 years, with effect from January 1, 2021.
CAMS: CAMS has incorporated a wholly-owned subsidiary with the name, CAMS Payment Services Private Limited.
JSW Steel: The board of directors of Periama Holdings, a wholly-owned indirect subsidiary of JSW Steel, have approved the issuance of US $250 million aggregate principal amount of its 5.95 per cent notes due in 2026, which are guaranteed by the company.
Tata Steel: Tata Steel has increased its aggregate indirect shareholding in Tata Steel Minerals Canada to 82 per cent after acquiring 4.32 per cent additional equity in TSMC.
DMart: Udaya Bhaskar Yarlagadda, Chief Operating Officer, Retail – West of the company has tendered his resignation due to personal commitments.
MBL Infra: The Learned Dispute Review Board comprising of 3 independent members has on December 14, 2020, unanimously recommended Rs 530.73 crore plus interest at 10 per cent per annum till the payment of the amount in favour of MBL Infrastructures Ltd for one of its completed projects of NHAI.
Vishnu Chemicals: The operations at Vizag Plant of the company have been restarted.