Coal India: Four trade unions serve notice for a strike on November 26. The company to increase non-coking coal price by Rs 10 per tonne effective December 1.
Ingersoll-Rand India: Ingersoll-Rand Inc proposed to sell up to 14,25,798 equity shares in Ingersoll-Rand (India) via offer for sale on November 24-25.
Opto Circuits: The company reported a loss of Rs 4.67 crore in Q2FY21 against loss of Rs 1,270.8 crore, revenue fell to Rs 17.5 crore from Rs 39.5 crore YoY.
Exide Industries: The company further invested Rs 33.17 crore in its subsidiary (joint venture company) Exide Leclanche Energy and increased its shareholding to 80.15 percent.
HFCL: Promoter entity MN Ventures acquired 5 lakh equity shares in the company via open market transaction.
Wockhardt: Promoter entity Themisto Trustee Company Pvt Ltd released pledge on 14 lakh equity shares.
Muthoot Finance: Launches Gold Jewellery Insurance scheme in partnership with Bajaj Allianz General Insurance. This is designed to provide insurance coverage of gold jewellery articles for customers of the company at the time of closure of gold loan and release of gold ornaments.
GHCL: Exchanges have given a no-objection letter to the scheme of demerger of the company’s textile business into GHCL Textiles.
Ingersoll Rand India: Promoter Ingersoll Rand Inc. to sell up to 4.52% stake or 14.26 lakh shares through an Offer for Sale (OFS). The floor price of Rs 578.6 per share is a 12% discount to Monday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow. Promoter stake to come down to 75% post the stake sale, in-line with SEBI guidelines on minimum public shareholding pattern. The stake sale will fetch the promoters Rs 82.5 crore.
Coal India: Board approved to enhance the non-coking coal price by Rs 10 per ton for regulated and non-regulated sectors across the company towards contribution to the corpus of Coal Mines Provident Fund Scheme from December 1. Aside of this, Four trade unions have served a one-day strike notice to the company and its arms on November 26.
GMR Infra: GMR Kamalanga Energy, a stepdown subsidiary of the company is required to pay claims of Rs 1,005 crore to SEPCO Electric Power Construction Corporation towards project payments, prolongation costs, as confirmed by the arbitration tribunal. There is an existing provision of Rs 1092 crore in GKEL books towards any such liability, which covers the entire amount of this award and such liability, if any, is non-recourse to GIL and will have no impact on GIL's profitability.
Exide Industries: Increased stake in its arm Exide Leclanche Energy to 80.15% from 77.87% for Rs 33 crore.
Jubilant Industries: To transfer its liquor license and will not manufacture India Made Foreign Liquor hereon.
Trigyn Technologies: Extended its contract with the United Nations for the provision of I.T. staffing support service till December 2021.
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