Today Stock News – 02.02.2018
* AURIONPRO SOLUTIONS: Has completed the sale of identity and access management business to KPMG LLP, US.
* CEAT: Plans to invest 35.1 bln rupees to set up a greenfield passenger tyre manufacturing plant by
2021-22 (Apr-Mar).
* CUMMINS INDIA: The board has decided to pay an interim dividend of 5 rupees per share.
* FORTIS HEALTHCARE: Societe Generale has sold 3.46 mln shares or 0.7% stake in the company at 135.01 rupees each through a bulk deal on the National Stock Exchange.
* GAMMON INFRASTRUCTURE PROJECTS: In consortium with a GAMMON INDIA subsidiary has received a letter of award from the National Highways Authority of India for a bid price of 5.77 bln rupees.
* GATEWAY DISTRIPARKS: Life Insurance Corp of India purchased 225,000 shares or 0.21% stake in the company in the open market on Wednesday.
* GRASIM INDUSTRIES: Has received rights to manage and operate viscose filament yarn business of Century Textiles and Industries.
* ICICI BANK: The bank will acquire 9.9% stake in Tapits Technology for 9.9 mln rupees. The board of the bank will meet next week to consider raising funds through long-term bonds and Basel IIIcompliant tier-I bonds.
* IIFL HOLDINGS: Board has approved splitting its operations across verticals--loans and mortgages, wealth and asset management, and capital markets--into three separate entities.
* INFO EDGE INDIA: Has approved selling 32,629 shares or 6.66% stake in Zomato Media for $50 mln to Ant Small and Micro Financial Services Group Co, part of China-based Alibaba group.
* JAIN IRRIGATION SYSTEMS: Societe Generale bought 3.1 mln shares or 0.6% stake in the company at 135.01 rupees per share in a bulk deal on the National Stock Exchange.
* LUPIN: Has received final approval from the US Food and Drug Administration for clobetasol
propionate cream, 0.05% strength. Has launched Clobetasol Propionate Lotion, 0.05%, a generic
version of Galderma Laboratories' Clobex lotion.
* ORIENT PAPER & INDUSTRIES: The board has decided to pay an interim dividend of 0.40 rupee per share.
* POWER GRID CORP OF INDIA: The board has decided to pay an interim dividend of 2.45 rupees per share.
* QUESS CORP: The company's board has approved the acquisition of Monster.com India and HCL
Computing Products for $7.5 mln and 300 mln rupees, respectively.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm's latest monthly plan, exclusively for its feature phone users, will increase its subscriber base in tier II cities and rural areas, ratings agency India Ratings said in a note. After proceedings that lasted almost a year, the Telecom Disputes Settlement and Appellate Tribunal has ruled that the company's subsidiary Reliance Jio Infocomm's 'welcome offer' and 'happy new year' offers did not violate rules.
* SML ISUZU: Has sold 938 vehicles in January, down 6.4% from 1,002 units sold a year ago.
* TVS MOTOR CO: Total sales for January rose 31% on year to 271,801 units.
* V-MART RETAIL: Bottom Billion Fund has bought 105,873 shares or 0.6% stake in the company at 1,515 rupees each through a bulk deal on BSE.
* ZEE MEDIA CORP: Will acquire the remaining 40% stake or 1.60 mln shares in Zee Akaash News for 490 mln rupees from its joint venture partner Sky B Bangla.
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* CEAT: Plans to invest 35.1 bln rupees to set up a greenfield passenger tyre manufacturing plant by
2021-22 (Apr-Mar).
* CUMMINS INDIA: The board has decided to pay an interim dividend of 5 rupees per share.
* FORTIS HEALTHCARE: Societe Generale has sold 3.46 mln shares or 0.7% stake in the company at 135.01 rupees each through a bulk deal on the National Stock Exchange.
* GAMMON INFRASTRUCTURE PROJECTS: In consortium with a GAMMON INDIA subsidiary has received a letter of award from the National Highways Authority of India for a bid price of 5.77 bln rupees.
* GATEWAY DISTRIPARKS: Life Insurance Corp of India purchased 225,000 shares or 0.21% stake in the company in the open market on Wednesday.
* GRASIM INDUSTRIES: Has received rights to manage and operate viscose filament yarn business of Century Textiles and Industries.
* ICICI BANK: The bank will acquire 9.9% stake in Tapits Technology for 9.9 mln rupees. The board of the bank will meet next week to consider raising funds through long-term bonds and Basel IIIcompliant tier-I bonds.
* IIFL HOLDINGS: Board has approved splitting its operations across verticals--loans and mortgages, wealth and asset management, and capital markets--into three separate entities.
* INFO EDGE INDIA: Has approved selling 32,629 shares or 6.66% stake in Zomato Media for $50 mln to Ant Small and Micro Financial Services Group Co, part of China-based Alibaba group.
* JAIN IRRIGATION SYSTEMS: Societe Generale bought 3.1 mln shares or 0.6% stake in the company at 135.01 rupees per share in a bulk deal on the National Stock Exchange.
* LUPIN: Has received final approval from the US Food and Drug Administration for clobetasol
propionate cream, 0.05% strength. Has launched Clobetasol Propionate Lotion, 0.05%, a generic
version of Galderma Laboratories' Clobex lotion.
* ORIENT PAPER & INDUSTRIES: The board has decided to pay an interim dividend of 0.40 rupee per share.
* POWER GRID CORP OF INDIA: The board has decided to pay an interim dividend of 2.45 rupees per share.
* QUESS CORP: The company's board has approved the acquisition of Monster.com India and HCL
Computing Products for $7.5 mln and 300 mln rupees, respectively.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm's latest monthly plan, exclusively for its feature phone users, will increase its subscriber base in tier II cities and rural areas, ratings agency India Ratings said in a note. After proceedings that lasted almost a year, the Telecom Disputes Settlement and Appellate Tribunal has ruled that the company's subsidiary Reliance Jio Infocomm's 'welcome offer' and 'happy new year' offers did not violate rules.
* SML ISUZU: Has sold 938 vehicles in January, down 6.4% from 1,002 units sold a year ago.
* TVS MOTOR CO: Total sales for January rose 31% on year to 271,801 units.
* V-MART RETAIL: Bottom Billion Fund has bought 105,873 shares or 0.6% stake in the company at 1,515 rupees each through a bulk deal on BSE.
* ZEE MEDIA CORP: Will acquire the remaining 40% stake or 1.60 mln shares in Zee Akaash News for 490 mln rupees from its joint venture partner Sky B Bangla.
