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Wednesday 30 September 2020

Stocks in the news

Indraprastha Gas: ICRA reaffirmed credit rating of IGL for Rs 4,000 crore at AAA and A1+. Outlook on the long term rating is stable.


Sumitomo Chemical India: Promoter entity Sumitomo Chemical Company to sell up to 1,64,83,654 equity shares in company on September 30 and October 1. Floor price for the sale is fixed at Rs 270 per share.


Garware Polyester: CARE reaffirmed long term credit rating at A and revised outlook from stable to positive.


Bandhan Bank: Company appointed Rahul Parikh as Chief Marketing & Digital Officer.


VA Tech Wabag: Company approved the allotment of 75 lakh equity shares at a price of Rs 160 per equity share aggregating to Rs 120 crore by way of preferential issue to Rekha Rakesh Jhunjhunwala (50 lakh shares), Basera Home Finance (15 lakh shares), and Sushma Anand Jain and Anand Jaikumar Jain (Joint Holding) (10 lakh shares).


Welspun Corp: Company received multiple orders of approximately 147 KMT valuing close to Rs 1,400 crore. With these orders, total order book stands at 755 KMT valued at approximately Rs 6,300 crore.

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