Stocks in news
Avanti Feeds Limited - Commencement of commercial production of the additional capacity of 1,75,000 MT of Shrimp feed at Shrimp feed plant Bandapuram, West Godavari District, Andhra Pradesh.
Board meeting of Balasore Alloy will be held on 30th March, 2018 for allotment of 1,30,00,000 Equity Shares of Rs. 5/- each at price of Rs. 21.50/- including premium of Rs. 16.50/- per Equity Shares in lieu of 1,30,00,000 Convertible Warrants to the Promoters on Preferential basis
Indoco Remedies has received 3 critical and 4 major observations for its Goa unit 1 from UK MHRA. Negative.
Dilip Buildcon incorporates new SPV to undertake six laning project in Andhra Pradesh
REC transfers transmission arm to PowerGrid
KEC International's Saudi Arabia JV becomes its subsidiary
RIL arm sells assets in Eagle Ford shale for USD 100 mn.
Wipro launches tech centre in Texas, to raise headcount to 2,000
Lupin has received US FDA nod for generic of Clobex Spray.
Ashok Leyland will be increasing vehicle prices by at least 2% from April
Tejas Networks gets expansion order of Rs 336 crore from BSNL for BharatNet.
GSK Consumer says parent is initiating a ‘strategic review’ of Horlicks, other products and 72.45% shareholding in the company.
Mercator raises Rs 100 crore via private placement of bonds to UTI. It is seeking to raise an additional Rs 100 crore via bond issuance.
Sical Logistics says JV has won contract from Damodar Valley Corporation for tubed Coal Mine.
Majesco gets deal from Tier 1 global insurer for billing software.
Fortis Healthcare’s hospital division will be hived off and merged with Manipal Hospitals apart from which it will sell a majority stake in its SRL Diagnostics unit to the same group. The transaction will lead to the listing of Manipal Hospitals as the largest hospital services provider in the country by revenue.
Hindustan Aeronautics Ltd to list today.
(Source: Nirmal Bang)