KIOCL: Announces share buyback worth Rs 155.92 crore. To buyback 1.42 crore shares or 2.28% of the total equity. Buyback price of Rs 110 per share is a 19.3% discount to Monday's closing price. The record date for the buyback is set at October 30. The government holds 99% stake in the company.
Textile Stocks: Bloomberg News reports that the government has extended the anti-dumping duty on polyester yarn from China and Thailand until November 30.
Zensar Tech: To divest 100% stake in PSI Holding Group to Service Express for $10 million and an additional deferred amount of $5 million based on performance. On the disposal of PSI Holding Group, the company has estimated a loss between $11-13 million. The transaction is likely to be completed by December 18. This will mark the completion of the company’s non-core business, which formed 4% of the overall revenue in Q1FY21.
MRPL: Board approves acquisition of 125 crore shares of ONGC Mangalore Petrochemicals from ONGC at Rs 9.76 per share, for a total consideration of Rs 1,217 crore. The company's stake in OMPL will now rise to 100% from 51%.
Adani Transmission: Average System Availability at 99.9% from 99.78%. Transmission network length of 14,837 ckt kilometers. Target of 20,000 ckt kilometers by 2022. Low network addition due to Covid-19 disruption. Transformation capacity unchanged at 27,280 MW. Distribution losses for Adani Electricity Mumbai at 2.94% from 8.18%, due to billing basis of actual meter reading.
ONGC: Has issued NCDs worth Rs 1,140 crore on a private placement basis.
Ramco Systems: Has secured additional orders for its flagship digital solutions (ERP platform) from Jamna Auto.
BSE: Has tied up with the Government of Telangana and Global Linker to help MSME’s raise equity funds.
Hexaware Technologies: Trading in securities shall be suspended from November 2 due to voluntary delisting, as per SEBI guidelines. Shares will be delsited on November 9.
Nifty Earnings Today: Hindustan Unilever
Non-Nifty Earnings Today: L&T Infotech, Granules India, Indian Energy Exchange, Hindustan Zinc, Kajaria Ceramics, CCL Products, Mahindra CIE, Oriental Aromatics, CRISIL.
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