Stock Corner
1.
NBCC dropped
over 1.5% after media reports indicated that a contempt plea was filed against
it in the Delhi HC. The Navratna had allegedly violated an undertaking it
signed on June 25, wherein it had assured the court that it won’t fell any more
trees until July 4. Consequently, on June 26, activist Vimlendu Jha claimed that
trees were still being cut.
2.
Exide
Industries entered into a JV with Leclanche SA to build lithium-ion batteries.
3.
GMR Infra
declared as selected bidder for development of a commercial port located at one
of Vizag’s strategic nodes. Port will have initial capacity of 16 MT.
4.
Voltas
clarified that it is not aware on media report on Tata Sons selling stake..
5.
Fortis
Healthcare reported net loss at Rs932cr in the March quarter on account of a
Rs833.50cr exceptional loss due to write-off of goodwill, inter-corporate
deposit and advances.
6.
K Cement to
raise upto Rs 700 crore, The board of directors of the company in their board
meeting held decided to offer, issue and allot equity shares through domestic
and/or international offerings representing equity shares etc.
7.
Adani Ports
has signed share purchase agreement (SPA) between Larsen and Toubro, Marine
Infrastructure Developer, L8T Shipbuilding and Adani Kattupalli Port to acquire
97% stake of Marine Infrastructure Developer.
Missed call
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