Stocks in the news

Vikas EcoTech: Albula Investment Fund reduced its shareholding in the company to 0.98% from 8.3% earlier via market sale.

InterGlobe Aviation: IndiGo market share in December was unchanged at 53.9% compared to November 2020, while passenger load factor in December stood at 71.5% against 74.0% in November.

SpiceJet: The company's market share in December 2020 stood at 13.0% against 13.2% in November 2020, while passenger load factor increased to 78.0% from 77.7% in same periods.

Banking Stocks: RBI said the bank loan growth hit 9-month high of 6.7% for the week ended January 1. As per RBI Data, bank credit growth was last at 6.8% in April 2020.

Vedanta: The voluntary open offer for acquisition of over 37.17 crore shares will open on March 4 and close on March 18, 2021.

Wipro: Fiat Chrysler Automobiles partnered with Wipro to establish its first Global Digital Hub in India.

HDFC Bank: Chief Credit Officer Jimmy Tata sold 1,400 equity shares of the bank. Audit committee concluded that this was an inadvertent trade without intent to violate the bank's share dealing code or SEBI regulations. Imposed a penalty of Rs 10.2 lakh on Tata for violation of bank's PIT regulations.

Metropolis Healthcare: To acquire 100% equity in Dr. Ganesan's Hitech Diagnostic Centre in a cash and stock deal. The cash consideration will be Rs 511 crore and the company will issue up to 4.95 lakh equity shares on a preferential basis to the promoters of the company. The cash consideration will be funded through internal accruals and debt worth up to Rs 300 crore. Acquisition to allow metropolis to increase its B2C business in focus cities of Chennai and Bengaluru. Metropolis will get access to 31 laboratories and 68 collection centers of Hitech. The acquisition is likely to be completed within three months.

Dr Reddy's Laboratories: Gets approval from the Drug Control General of India to conduct phase 3 clinical trial for the Sputnik V vaccine in India. This will be conducted on 1,500 subjects as part of the randomised, double-blind, parallel-group, placebo-controlled study in India.

Wipro: Has been chosen as the strategic technology services partner by Fiat Chrysler Automobiles. To establish its first Global Digital Hub in Hyderabad. To source and build a talent pool of over 1,000 skilled consultants and technologists for the digital hub.

Piramal Enterprises: Piramal Group has won the bidding for DHFL. The group received 93.5% votes, while Oaktree Capital received 45% votes. Creditors representing 6.5% of the voting process abstained from casting a vote. A resolution plan needs minimum 66% vote to get approval from the committee of creditors, according to people in the know.

SAIL: Retail portion of the OFS was subscribed 5.22 times on Friday. Investors bid for nearly 12.5 crore shares as compared to the 5.16 crore shares on offer.

JBM Auto: Received orders to supply 700 JBM 'CITYLIFE' fully AC BS-VI CNG low-floor buses from the Delhi Transport Corporation. Orders will be executed in the coming months. Size of the order is undisclosed.

CESC: Board approves proposal to acquire 23.18% stake in Noida Power Company Ltd., an associate company. This will be done for a cash consideration of Rs 325 per share of NPCL and the transaction is expected to be completed within a month. Post this, CESC's indirect holding will rise to 72.73%. This is in line with the company's rationale to reorient and reorganise the company's power distribution business.

Glenmark Pharmaceuticals: Has redeemed U.S. $10,000,000 in aggregate principal amount of its 2021 Notes, representing approximately 5% of the aggregate principal amount of the 2021 Notes at the time of initial listing. Further, no amount is outstanding in connection with the 2021 Notes.

Page Industries: A meeting of the Board of Directors of the company is scheduled on February 10 to consider declaration of a second Interim dividend for the Financial Year 2020-21. The Record Date for the purpose of payment of the dividend, if any will be February 19, 2021.

Sundaram Finance: A meeting of the Board of Directors is scheduled on January 20 to consider an interim dividend for the Financial Year 2020-21 and fixing the Record Date for the same.

Indian Energy Exchange: A meeting of Board of Directors is scheduled on January 21 to consider declaration of interim dividend for the Financial Year 2020-21. The record date for the purpose of determining the entitlement of the shareholders for the interim dividend, if any will be January 30, 2021.

Shankara Building Products: As part of the operations rationalisation program, the company has decided to shut retail stores at Rourkela, two of them in Bengaluru and one in Hyderabad. Not finding substantial scale-up opportunities in the medium-term was cited as the rationale behind the closure. Net store count post this will be 97.