Overnight Digest: Stocks to watch out on June 28
The stocks to watch out on June 28 include SpiceJet, SunPharma, BHEL, Prism Johnson and Max India
SpiceJet Ltd.: SpiceJet has introduced a direct daily flight connecting Mumbai and Hong-Kong.
Sun Pharmaceutical Industries Ltd.: The company enters into a license agreement with China Medical System Holdings to develop and commercialise Cyclosporine A 0.09% (CsA) eye drops used to treat dry eye disease and Tildrakizumab which is a biological product for treating psoriasis and psoriatic arthritis.
Bharat Heavy Electricals (BHEL): National Mineral Development Corporation (NMDC) issues a termination notice to the company as it has not been able to complete a Rs 1,395 crore contract awarded in 2011. The completion date of the work was February 28, 2014.
Prism Johnson: Board of Directors of the company at their meeting to be held on July 5, 2019 will consider raising funds through issue of Unsecured, Rated, Listed, Non-convertible Debentures, on private placement basis.
Max India: The company received approval for divestment of entire equity shareholding equivalent to 85.17 per cent of Pharmax's total issued and paid-up equity share capital in its material subsidiary viz. Pharmax Corporation (Pharmax) to Max Estates, a wholly-owned subsidiary of Max Ventures and Industries for an aggregate consideration of Rs. 61.2 crore.