Saturday 21 July 2018

MARKET NEWS CORNER


NEWS CORNER


1.     Jaiprakash Associates stocks in focus as Rakesh Jhunjhunwala raised his stake to 1.98 percent during the June quarter on a fully diluted basis.




2.     Cadila Healthcare seeks shareholder nod to offer securities upto Rs10,000cr via pvt placement/QIP/other mode.
3.     Poddar Housing and Development acquires 5,800 square metres land in Pune, with a saleable area of 1.4 lakh square feet.
4.     Reliance Communication says confident of resolving debt with lenders.
5.     IDBI Bank board seek government’s view on LIC’s proposal to buy 51% stake.
6.     HDFC Asset Management Company decided to open its initial public offering for subscription on July 25 and close on July 27. Price band is fixed at Rs1,095 to Rs1,100 per share.
7.     Allahabad Bank, Andhra Bank, Corporation Bank, PNB, IOB in focus as government may infuse Rs11,396cr in five state-owned banks.Kalpataru Power Transmission to seek shareholders' nod to raise up to Rs300cr.

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