Eveready Industries: Price Waterhouse & Co Chartered Accountants LLP has quit as Eveready Industries’ auditor, saying it has been unable to obtain sufficient audit evidence of inter-company deposits and its recovery. In its place, Singhi & Co Chartered Accountants has been appointed.
Bank of Baroda:
The state-run lender has bought DHFL loans worth Rs 3,000 crore against its exposure to the non-bank lender, according to a news
report by Mint.
Reliance Nippon Life Asset Management Company (RNAM) has granted additional time to Reliance Home Finance (RHFL) to fulfill its principal payment obligations, after the latter was only able to make the interest payment on Friday. Some of the company’s non-convertible debentures (NCDs) were maturing on the day.
Godrej Properties: Godrej Properties on Saturday said it has raised Rs 2,100 crore by issuing equity shares to qualified institutional buyers (QIBs).
DHFL: Lenders of troubled NBFC DHFL are scheduled to meet on Monday, seeking a solution for the Rs 90,000 crore debt that is owed to them.
Auto companies: Shares of automakers will remain in focus as they are scheduled to release June sales data starting today.
Oil and gas companies: Oil prices rose in the morning trade after reports said Russia and Saudi Arabia have agreed to extend a deal to keep oil production low. The two-day OPEC+ meet starts today.
Kalpataru Power Transmission on Friday said it has secured new orders worth Rs 975 crore.
The company has received board nod to acquire Korba West Power, GMR Chhattisgarh.