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Friday 12 March 2021

In News

Stocks in the news


Prestige Estates Projects: The company has completed phase 1 of proposed transaction with Blackstone Group. Phase 1 of the transaction included sale of twelve assets/undertakings comprising completed retail, office and hotel assets. The enterprise value forming part of phase 1 is approximately Rs 7,467 crore out of the total enterprise value of approximately Rs 9,160 crore. Phase 2 of the transaction is expected to get completed by the end of next quarter.


IDBI Bank: The bank has been taken out of Prompt Corrective Action (PCA) framework by the RBI. The bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.


Pricol: ICRA revised rating on company's long term - fund based and term loan to BBB from BB+, with a Stable outlook.


NBCC India: The company received contracts for construction of cooling tower (NDCT) CT-1, 3 and 5 for Yadadri Thermal Power Station, (5x800 MW) owned by Telangana State Power Generation Corporation.


JSW Steel: The crude steel production in February 2021 declined to 13.06 lakh tonnes from 13.20 lakh tonnes in same month last year. The average capacity utilisation was 93 percent during February 2021.


AstraZeneca Pharma India: The company has received import and market permission in form CT-20 (subsequent new drug approval) from the Drugs Controller General of India for Osimertinib 40mg/80mg film coated tablets (TagrissoTM). The receipt of this permission paves way for the launch of Osimertinib 40mg/80mg film coated tablets into a new disease area in India.

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