Movers & shakers: Stocks that may see significant action on Monday

Karan Dsij
/ Categories: Trending, Mindshare, DSIJ News
Movers & shakers: Stocks that may see significant action on Monday

Aditya Birla Fashion & Retail: The company has informed that it has acquired an additional stake of 7.69 per cent in Finesse and now, it holds 58.69 per cent stake in the latter.   

BL Kashyap & Sons: The company has secured new order of construction of civil, structure, and rough finishing work of AIPL Joy Gallery Project at Sector-66, Gurugram worth Rs 135 crore.  

Alkem Laboratories: USFDA had conducted an inspection of the company’s manufacturing facility located in St Louis, USA from June 14 to June 18, 2021. At the end of the inspection, the company received Form 483 with 2 observations.  

Trident: The company has scheduled a meeting online and it mentioned that it’s going to announce the biggest transformation in the history of Trident.  

Vakrangee: The company is now launching an all in one- ‘BharatEasy’ mobile super app-based business platform. The segregation of the business of the physical Vakrangee Kendra outlets and digital Vakrangee Kendras (online-based business) would enable focussed management to explore the potential business opportunities more effectively & efficiently. This would also set the platform for ‘value discovery’ of the digital business at a later stage with the ultimate objective of maximising shareholder returns.  

Centrum Capital: Centrum & BharatPe set to create a new-age bank.  

GMR Infrastructure: Delhi Airport successfully completed the issuance of non-convertible debentures (NCDs) for Rs 3,257 crore priced at an interest rate of 10.96 per cent p.a. and subscribed by FPIs. The proceeds from the NCDs will be utilised to refinance the outstanding debt of around USD 289 million due in FY22 and to partly finance the Phase 3A expansion.  

DCW Limited: The credit rating agency, India Ratings & Research has upgraded and assigned the ratings ‘BBB+’, indicating a ‘stable’ outlook for the company.  

Karnataka Bank: The bank has reported to Reserve Bank of India regarding frauds in the credit facilities extended to Reliance Home Finance and Reliance Commercial Finance. Both the accounts were classified as NPA and have been fully provided for.   

HDFC: The board of directors of the bank has approved the purchase of 3,55,67,724 equity shares of Rs 10 each, representing 4.99 per cent of the outstanding issued and paid-up share capital of HDFC ERGO General Insurance Company Limited from Housing Development Finance Corporation Limited (HDFC Limited), the promoter and related parties of the bank.  

Philips Carbon Black: The company has commissioned an 8 MW Power Plant at Mundra, in Gujarat.  

CEAT: CEAT has signed a share purchase agreement and shareholder’s agreement with TP Akkalkot Renewable Limited and Tata Power Company for subscribing to 26 per cent of total equity shares capital of TP Akkalkot, for a value not exceeding Rs 5 crore.   

KEI Industries: India Ratings & Research has assigned the ratings to the company's debt instruments as follows: Instrument type–long-term bank facilities (working capital)/term loans/debt instrument rating/outlook - IND AA-/stable as well as instrument type – short-term bank facilities (working capital)/commercial paper rating/outlook - IND A1+.  

NTPC: The board of directors of the company has, subject to the approval of the shareholders, approved enhancement of borrowing limit of the company from Rs 2,00,000 crore to Rs 2,25,000 crore.  

BHEL: CRISIL has downgraded the rating on the long-term bank facilities of the company from ‘CRISIL AA/negative’ to ‘CRISIL AA-/negative’.  

Indiabulls Housing Finance: The company has issued and allotted 78,850 at a conversion price of Rs 230.14 per share, pursuant to the receipt of notice for the conversion of foreign currency convertible bonds (FCCBs), for a principal value of USD 2,50,000. 

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