STOCKS IN NEWS
HDFC QIP floor price set at Rs 1,824.63 apiece. Panel will consider QIP issue price on March 5.
Cipla partnered with Roche Pharma India to create greater access to key medicines.
DLF’s subsidiary emerged as the highest bidder for 11.76-acre Gurugram land at Rs 1,500 crore.
Kridhan Infra acquired 31.5% stake in Vijay Nirman.
Sadbhav Infrastructure Projects declared lowest bidder for Rs 1,047 crore NHAI order.
Larsen & Toubro to sell up to 2% stake, in L&T Infotech to achieve the minimum public shareholding.
Bharat Forge completes divestment of its shareholding in Alstom Bharat Forge Power to GE.
ABC India receives order of Rs 142cr from BHEL for Multimodal Transportation of Export Project Cargo.
Atlas Cycles manufacturing activity at Sonepat unit has been temporarily suspended may be closed after re-assessing the situation
Reliance Industries may shut down KG basin’s MA Field by Oct on falling output.
BPCL In talks to sell stake in Bina refinery. National oil firms of Oman, Kuwait, Abu Dhabi may buy upto 24% stake.
A consortium of Dalmia Bharat and Bain Piramal Resurgence Fund emerged the top bidder for Binani Cement, trumping UltraTech Cement, with a Rs 6,700-crore offer that will see banks getting all their money back, challenging the assertion that bankers will face losses in every bankruptcy resolution case.
Singaporean sovereign wealth fund GIC has agreed to invest around Rs 2,600 crore in real estate firm Prestige Estates' subsidiary Exora Business Park for a consideration of up to 40% stake.
(Source: Nirmal Bang report)