Daily Stock News Today – 06.09.2017
* BAJAJ FINANCE: Has set the floor price for its qualified institutional placement of securities at 1,771.90 rupees per share.
* BHARAT FINANCIAL INCLUSION: Foreign institutional investors and foreign portfolio investors need prior approval from the Reserve Bank of India for further purchase of equity shares of the company, the central bank said.
* COAL INDIA: Has drawn up an emergency plan to regulate coal movement to thenon-power sector for pushing additional coal to the thermal power plants.
* HCL TECHNOLOGIES: Has acquired 100% stake in Scotland-based ETL Factory for 7 mln pound sterling (around 582.7 mln rupees).
* INDIA TOURISM DEVELOPMENT CORP: Has executed a pact to transfer Hotel Jaipur Ashok to the Rajasthan government at a negotiated price of 140 mln rupees.
* INTERGLOBE AVIATION: The company-run IndiGo airline may consider investing in JET AIRWAYS INDIA as it fails to acquire a stake in Air India.
* JUST DIAL: Three funds owned by Sequoia Capital have sold 5.2% stake in the company through bulk deals on the National Stock Exchange.
* LIC HOUSING FINANCE: Plans to raise a total of 17 bln rupees through issue of two bonds.
* LML: Has suspended operations at its plants and laid off a part of its workforce after the company's proposal to raise 100 mln rupees was rejected by a committee of creditors, the two-wheeler and three-wheeler maker said in a filing to exchanges.
* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Has raised 3.5 bln rupees through the issuance of secured, redeemable non-convertible debentures, which will mature on Sep 4, 2020.
* MERCATOR: Has won a maintenance dredging contract worth 388.8 mln rupees from the Director General Naval Project, Visakhapatnam.
* MERCK: German parent company, Merck KGaA, is looking at partial or complete sale of its global consumer health business.
* NLC INDIA: With the government successfully raising about 91 bln rupees by selling a stake in NTPC through an offer for sale, it is now looking at selling a 15% stake in the company.
* PHOENIX MILLS: Has acquired 4.98% stake in subsidiary Offbeat Developers from Eder River for 279 mln rupees. - Has acquired 1.81% stake in associate company Classic Mall Development Co from Hasel River for 249.2 mln rupees.
- Has cumulatively acquired 12.96% stake in subsidiary Vamona Development Co from Crest Ventures and Werra River for 1.1 bln rupees.
* RELIANCE COMMUNICATIONS: Subsidiary, Global Cloud Xchange, has renewed its agreement with logistics services provider HAVI.
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* BHARAT FINANCIAL INCLUSION: Foreign institutional investors and foreign portfolio investors need prior approval from the Reserve Bank of India for further purchase of equity shares of the company, the central bank said.
* COAL INDIA: Has drawn up an emergency plan to regulate coal movement to thenon-power sector for pushing additional coal to the thermal power plants.
* HCL TECHNOLOGIES: Has acquired 100% stake in Scotland-based ETL Factory for 7 mln pound sterling (around 582.7 mln rupees).
* INDIA TOURISM DEVELOPMENT CORP: Has executed a pact to transfer Hotel Jaipur Ashok to the Rajasthan government at a negotiated price of 140 mln rupees.
* INTERGLOBE AVIATION: The company-run IndiGo airline may consider investing in JET AIRWAYS INDIA as it fails to acquire a stake in Air India.
* JUST DIAL: Three funds owned by Sequoia Capital have sold 5.2% stake in the company through bulk deals on the National Stock Exchange.
* LIC HOUSING FINANCE: Plans to raise a total of 17 bln rupees through issue of two bonds.
* LML: Has suspended operations at its plants and laid off a part of its workforce after the company's proposal to raise 100 mln rupees was rejected by a committee of creditors, the two-wheeler and three-wheeler maker said in a filing to exchanges.
* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Has raised 3.5 bln rupees through the issuance of secured, redeemable non-convertible debentures, which will mature on Sep 4, 2020.
* MERCATOR: Has won a maintenance dredging contract worth 388.8 mln rupees from the Director General Naval Project, Visakhapatnam.
* MERCK: German parent company, Merck KGaA, is looking at partial or complete sale of its global consumer health business.
* NLC INDIA: With the government successfully raising about 91 bln rupees by selling a stake in NTPC through an offer for sale, it is now looking at selling a 15% stake in the company.
* PHOENIX MILLS: Has acquired 4.98% stake in subsidiary Offbeat Developers from Eder River for 279 mln rupees. - Has acquired 1.81% stake in associate company Classic Mall Development Co from Hasel River for 249.2 mln rupees.
- Has cumulatively acquired 12.96% stake in subsidiary Vamona Development Co from Crest Ventures and Werra River for 1.1 bln rupees.
* RELIANCE COMMUNICATIONS: Subsidiary, Global Cloud Xchange, has renewed its agreement with logistics services provider HAVI.
