STOCKS NEW TODAY – 31.08.2016
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* AEGIS LOGISTICS: Infrastructure India Holdings Fund LLC sold 4 mln shares, or 1.2% stake, in the company at 126.26 rupees per share, in a bulk deal on BSE.
* BAJAJ FINANCE: Has received approval of shareholders for sub-division of shares and bonus share issue.
* COAL INDIA: Submitted an application to the National Institute of Mines (Instituto Nacional de Minas) of Government of Mozambique to surrender prospecting licences awarded to its wholly-owned subsidiary Coal India Africana Limitada since mining would be "technically not feasible" in the licence areas.
* DIVIS LABORATORIES: Will invest 5 bln rupees to set up a new facility at Kakinada in Andhra Pradesh.
* DLF: Has shortlisted bidders for the ongoing stake sale in its rental arm, DLF Cyber City Developers. The company expects to receive binding, updated bids in the form of shareholder agreement once the shortlisted bidders complete due diligence.
* INFOSYS: Is looking to become a strategic partner for about a quarter of its roughly 1,000 clients in the next 4-6 quarters and is also building new digital sales teams and using technology to improve its effectiveness, as it looks to touch $20 bln in revenue by 2020.
* GMR INFRASTRUCTURE: Arm GMR Airport will pay the co 36.9% of the topline during the concession period for managing the greenfield airport in Mopa, Goa.
* GRASIM: Will seek shareholders' nod to raise up to 20 bln rupees through private placement basis. The Aditya Birla Group firm will present the proposal to its shareholders at the annual general meeting scheduled next month.
* HT MEDIA: Franklin Templeton Mutual Fund, via Franklin Templeton Prima Plus Fund, bought 4.15 mln shares or 1.78% stake in the company at 80 rupees per share, through a bulk deal on the National Stock Exchange.
* KOTAK MAHINDRA BANK: Canada Pension Plan Investment Board has received the Reserve Bank of India's approval to acquire 5-10% stake in the bank.
* MAHINDRA & MAHINDRA: The company is working on a new business strategy for two-wheelers as the segment has not yielded desired results.
* MANAPPURAM FINANCE: Will consider the proposal of raising 2 bln rupees through issuance of nonconvertible debentures on Sep 8.
* MARICO: Raised prices of its Parachute and Saffola products in the range of 3.5-8.0% in July, despite a fall in raw material costs.
* MARUTI SUZUKI INDIA: The company's Gujarat plant will take at least 8-12 months to ramp up to its full capacity of 250,000 vehicles per year.
* NTPC: Its 800 MW Koldam Hydro Project in Himachal Pradesh on the river Satluj achieved a plant load factor of 107.27% in July.
* PHOENIX MILLS: Is looking to sell stakes in a clutch of projects housed in a special purpose vehicle to a private equity major. The company is in talks with several private equity companies to divest a minority stake in Island Star.
* RELIANCE COMMUNICATIONS: Is evaluating options regarding spectrum in the 700-MHz band, which will be auctioned for the first time in India. Has introduced high definition app-to-app calling at 39 rupees for 300 minutes of calls.
* RELIANCE INDUSTRIES: Chairman Mukesh Ambani is likely to disclose future plans for Reliance Jio Infocomm at the company's annual general meeting on Thursday.
* SHRIRAM TRANSPORT FINANCE CO: Has raised 200 mln rupees through the issuance of nonconvertible bonds maturing in five years at 8.45% coupon.
* STATE BANK OF INDIA: On the trade unions' opposition to the proposed merger of associate banks with itself, Finance Minister Arun Jaitely said the unions will have to realign their view.
* STEEL AUTHORITY OF INDIA: The green panel has given environmental clearance to the 54.19-blnrupee expansion and modernisation project of its Rourkela plant in Odisha. Union Steel Minister Chaudhary Birender Singh met top ArcelorMittal officials to discuss the proposed $1 bln automotive steel joint venture between ArcelorMittal and the company.
* SUN PHARMACEUTICALS: Has shed nearly a quarter of its permanent workforce in the financial year 2015-16 (Apr-Mar).
* TATA CONSULTANCY SERVICES: Has developed a digital solution to provide critical analytics for GE Power's gas turbine manufacturing plant.
* TECH MAHINDRA: Is planning to hive off employment jobs marketplace Saral Rozgar into a separate firm. It is also scouting for strategic investors to either partially invest, or acquire the entire stake in the firm.
* ULTRATECH CEMENT: The Reserve Bank of India notified that foreign portfolio investors can now invest up to 30% of the paid up capital in the company.
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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* BAJAJ FINANCE: Has received approval of shareholders for sub-division of shares and bonus share issue.
* COAL INDIA: Submitted an application to the National Institute of Mines (Instituto Nacional de Minas) of Government of Mozambique to surrender prospecting licences awarded to its wholly-owned subsidiary Coal India Africana Limitada since mining would be "technically not feasible" in the licence areas.
* DIVIS LABORATORIES: Will invest 5 bln rupees to set up a new facility at Kakinada in Andhra Pradesh.
* DLF: Has shortlisted bidders for the ongoing stake sale in its rental arm, DLF Cyber City Developers. The company expects to receive binding, updated bids in the form of shareholder agreement once the shortlisted bidders complete due diligence.
* INFOSYS: Is looking to become a strategic partner for about a quarter of its roughly 1,000 clients in the next 4-6 quarters and is also building new digital sales teams and using technology to improve its effectiveness, as it looks to touch $20 bln in revenue by 2020.
* GMR INFRASTRUCTURE: Arm GMR Airport will pay the co 36.9% of the topline during the concession period for managing the greenfield airport in Mopa, Goa.
* GRASIM: Will seek shareholders' nod to raise up to 20 bln rupees through private placement basis. The Aditya Birla Group firm will present the proposal to its shareholders at the annual general meeting scheduled next month.
* HT MEDIA: Franklin Templeton Mutual Fund, via Franklin Templeton Prima Plus Fund, bought 4.15 mln shares or 1.78% stake in the company at 80 rupees per share, through a bulk deal on the National Stock Exchange.
* KOTAK MAHINDRA BANK: Canada Pension Plan Investment Board has received the Reserve Bank of India's approval to acquire 5-10% stake in the bank.
* MAHINDRA & MAHINDRA: The company is working on a new business strategy for two-wheelers as the segment has not yielded desired results.
* MANAPPURAM FINANCE: Will consider the proposal of raising 2 bln rupees through issuance of nonconvertible debentures on Sep 8.
* MARICO: Raised prices of its Parachute and Saffola products in the range of 3.5-8.0% in July, despite a fall in raw material costs.
* MARUTI SUZUKI INDIA: The company's Gujarat plant will take at least 8-12 months to ramp up to its full capacity of 250,000 vehicles per year.
* NTPC: Its 800 MW Koldam Hydro Project in Himachal Pradesh on the river Satluj achieved a plant load factor of 107.27% in July.
* PHOENIX MILLS: Is looking to sell stakes in a clutch of projects housed in a special purpose vehicle to a private equity major. The company is in talks with several private equity companies to divest a minority stake in Island Star.
* RELIANCE COMMUNICATIONS: Is evaluating options regarding spectrum in the 700-MHz band, which will be auctioned for the first time in India. Has introduced high definition app-to-app calling at 39 rupees for 300 minutes of calls.
* RELIANCE INDUSTRIES: Chairman Mukesh Ambani is likely to disclose future plans for Reliance Jio Infocomm at the company's annual general meeting on Thursday.
* SHRIRAM TRANSPORT FINANCE CO: Has raised 200 mln rupees through the issuance of nonconvertible bonds maturing in five years at 8.45% coupon.
* STATE BANK OF INDIA: On the trade unions' opposition to the proposed merger of associate banks with itself, Finance Minister Arun Jaitely said the unions will have to realign their view.
* STEEL AUTHORITY OF INDIA: The green panel has given environmental clearance to the 54.19-blnrupee expansion and modernisation project of its Rourkela plant in Odisha. Union Steel Minister Chaudhary Birender Singh met top ArcelorMittal officials to discuss the proposed $1 bln automotive steel joint venture between ArcelorMittal and the company.
* SUN PHARMACEUTICALS: Has shed nearly a quarter of its permanent workforce in the financial year 2015-16 (Apr-Mar).
* TATA CONSULTANCY SERVICES: Has developed a digital solution to provide critical analytics for GE Power's gas turbine manufacturing plant.
* TECH MAHINDRA: Is planning to hive off employment jobs marketplace Saral Rozgar into a separate firm. It is also scouting for strategic investors to either partially invest, or acquire the entire stake in the firm.
* ULTRATECH CEMENT: The Reserve Bank of India notified that foreign portfolio investors can now invest up to 30% of the paid up capital in the company.
