Today's Stock View – 11.12.2018
* 63 MOONS TECHNOLOGIES: The Enforcement Directorate has raised questions over the company renting out a farmhouse owned by Rahul Gandhi and Priyanka Gandi in 2013, when the Group was probed by the UPA government for its involvement in the 56-bln-rupee National Spot Exchange scam.
* AMTEK AUTO: Liberty House Group, the London-based industrial and metals company, has in an
application to the National Company Law Tribunal alleged misrepresentation of facts and other mistakes that have affected the valuation of the company, for which it had successfully bid.
* AVENUE SUPERMARTS: Has raised 1 bln rupees through commercial papers.
* CANARA BANK: The bank and VIJAYA BANK have received a notice from The All India Bank Officers Confederation that ot will hold a strike on Dec 21 for issues relating to the industry.
* COAL INDIA: Will bear a total outgo of 10 bln rupees this year on account of an additional outgo of 8 bln rupees for issuing the recent salary hike for executives, including a 2-bln-rupee arrear component, as it is effective from January 2017.
* COX & KINGS: Has received anti-trust approval for selling of subsidiary Holidaybreak's education business to UK-based Midlothian Capital Partners for an enterprise value of 43.9 bln rupees.
* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Said it will contest an attempt by Steer Engineering to block the transfer of technology that quickens the process of making malt beverages to HINDUSTAN UNILEVER as part of a planned merger.
* GMR INFRASTRUCTURE: Step-down subsidiary GMR Bajoli Holi Hydropower has signed an agreement for investment of about 2.26 bln rupees through compulsorily convertible debentures by TNB Topaz Energy SDN Bhd, a wholly-owned subsidiary of Tenaga Nasional Berhad, a utility company in Malaysia.
* HINDUSTAN AERONAUTICS: Has successfully tested its indigenously developed light utility helicopter to an altitude of six kilometres.
* HINDUSTAN UNILEVER: Unilever said it had used the buyback of the company's shares five years ago and the subsequent near threefold increase in share price of the Indian unit to 'secure' last week's GSK CONSUMER HEALTHCARE transaction.
* ICICI BANK: The committee of executive directors of the bank has approved a proposal to raise funds through issuance of Basel III-compliant tier-I bonds on private placement basis.
* JAYPEE INFRATECH: Jaypee group's homebuyers moved the Supreme Court seeking modification of its August order that remanded the insolvency case against the company to the National Company Law Tribunal's Allahabad bench to be started afresh.
* KANORIA CHEMICALS & INDUSTRIES: Has acquired an additional 10.55 mln shares in Ethiopia-based subsidiary Kanoria Africa Textiles PLC at 10 Birr (25.86 rupees) a share.
* KDDL: Has approved the acquisition of Switzerland-based Estima AG through its subsidiary Pylania SA and special purpose vehicle Kamla International Holdings SA for swiss franc 400,000 (29.29 mln rupees).
* LUPIN: Has received a tentative approval from the US Food and Drug Administration for apixaban tablets, a generic of Bristol-Myers Squibb Co's Eliquis tablets in 2.5 mg and 5 mg strengths.
* MERCK: Has appointed Amit Gupta as executive director (finance) and chief financial officer, effective Dec 10.
* RELIANCE COMMUNICATIONS: The Supreme Court has sought a reply from the Telecom Regulatory Authority of India on appeals by the company challenging the regulator's directive to the company to refund the unspent prepaid balance amount of its prepaid subscribers.
* STATE BANK OF INDIA: The board will meet on Wednesday to consider raising up to $1.25 bln through a public offer or a private placement of senior unsecured notes in US dollars or any other convertible currency during Jan-Mar.
* TITAGARH WAGONS: Has been awarded a contract worth 15.60 bln rupees from the Railway Board, Ministry of Railways, to manufacture and supply 5,058 wagons.
* VICEROY HOTELS: The Hyderabad bench of the National Company Law Tribunal has extended the deadline for the company's insolvency resolution process to evaluate some plans.
* VIDEOCON INDUSTRIES: The National Stock Exchange has imposed fines and issued notices to as many as 60 companies, including two IL&FS group firms, the company and UNITECH, for non-compliance with listing regulations.
* YES BANK: The promoters of the bank are still working on the consent agreement to make top-level appointments.
* ZENSAR TECHNOLOGIES: Has been selected by European Bank for Reconstruction and Development as partner for infrastructure and network services.
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