Stocks in the news

TCS: The company said the date of opening of the share buyback is December 18 and the date of closing is January 1.

Eveready Industries: The company has denied reports of Dabur promoters buying a controlling stake in it.

Cerebra Integrated Technologies: The company has been assigned a rating of ‘CRISIL BB+/Stable/CRISIL A4+'.

Federal-Mogul Goetze (India): IEH FMGI Holdings LLC, promoter of the company has informed about the offer for sale up to 1,15,43,531 shares of the face value of Rs 10 each of the company on December 10.

Varroc Engineering arm VarrocCorp Holding BV acquired balance 30 percent stake of VARROC- ELBA ELECTRONICS SRL held by ELBA SA, Romania for consideration of €1.05M

M&M: The company subscribed shares of Sampo Rosenlew Oy, Finland, increase voting rights from 74.97 percent to up to 79.13 percent.

Jai Corp: The company to redeem 6,00,000 non-cumulative, non-participating redeemable preference shares on December 11, 2020.

IRCTC: Government intends to sell 20% stake in the company through an Offer for Sale. The initial sale will be of 15% stake or 2.4 crore shares with a greenshoe option of another 5% stake or 80 lakh shares. Floor price of Rs 1,367 per share is a 15% discount to Wednesday's closing price. The OFS for non-retail investors opens on December 10 while for retail investors it opens on December 11.

Mahindra & Mahindra: The company has said that its automotive division will be affected by the global supply shortage of micro-processors (Semiconductors) used in Electronic Control Units, supplied by Bosch. The company anticipates a reduction in production and sales volume of itself and its subsidiary MVML in the fourth quarter of FY21. The estimation of likely reduction in production / sales is not ascertainable at this stage. Tractor operations and manufacturing of three-wheelers remains unaffected due to this shortage.

TCS: Share buyback opens on December 18 and will close on January 1, 2021. The company on October had announced plans to buyback shares worth Rs 16,000 crore at Rs 3,000 per share. The proposal was given approval by the company's shareholders in November.

Maruti Suzuki India: To increase prices across models in January 2021. The company said that it has become imperative to pass on some of the impact of the rise in cost of the company's vehicles which was adversely impacted due to rise in various input costs.

ICICI Securities: OFS for non-retail investors gets demand of 4.4 times the shares of offer. Bids were received at an indicative price of Rs 459.34 per share, as per Bloomberg. OFS for retail investors opens today.

Federal-Mogul Goetze: The company's promoter plans to sell 1.15 crore shares or nearly 21% of the total equity through the OFS. The floor price of 335 rupees per share is a 4% discount to Wednesday's closing price. This OFS too opens for non-retail investors on December 10 and for retail investors on December 11. The promoter needs to bring down his stake to 75% by January 2021. As per the latest shareholding pattern, the promoter holds 96.8% stake in the company.

Varroc Engineering: VarrocCorp Holding B.V., a wholly-owned subsidiary of the company, has acquired the remaining 30% stake or 60,000 equity shares of Varroc-Elba Electronics held by the other JV Partner, Elba SA, Romania for an aggregate consideration of €1.05 million. After the acquisition, Varroc Elba has become a ‘wholly-owned subsidiary’ of VarrocCorp Holding and in turn a ‘step-down subsidiary’ of the company.

Glenmark Pharmaceuticals: Has redeemed $18,25,00,000 in aggregate principal amount of its 2021 Notes, representing approximately 91.25% of the aggregate principal amount of the 2021 Notes at the time of initial listing. As on the date of this announcement, $1,75,00,000 in aggregate principal amount of the 2021 Notes remain outstanding

Paisalo Digital: Antara India Evergreen Fund has acquired 5.08 lakh shares of the company on December 7. The total shareholding of the fund stands at 15.04 lakh shares i.e. 5.91%.