Stocks in the news
Ircon International: The offer for sale of Ircon will open during March 3-4, the government will divest 10% equity stake in company with an additional 6% as green shoe option.
Reliance Industries, Bharti Airtel, Vodafone Idea: Reliance Jio acquires 488.35 MHz of spectrum for Rs 57,122.65 crore, Bharti Airtel 355.45 MHz at Rs 18,698.75 crore, and Vodafone Idea with 11.80 MHz for Rs 1,993.40 crore, Telecom Secretary Anshul Prakash said.
Jaiprakash Power Ventures: The company has approved disinvestment of 74% shareholding in the Jaypee Powergrid (A Joint Venture Company of Powergrid Corporation of India and the company).
Ruchi Soya Industries: Promoter Patanjali Ayurved Ltd created a pledge on 48.17% stake.
Engineers India: Indian Oil Corporation has awarded the project for execution of consultancy for overall project management and EPCM Services (Phase II) for capacity expansion of Panipat refinery from 15 MMTPA to 25 MMTPA (P-25 Project) to Engineers India. The total awarded order value is around Rs 600 crore with a total project schedule of 40 months for mechanical completion.
Motherson Sumi Systems: CRISIL reaffirmed long term credit rating as AA+ and revised outlook from Negative to Stable.
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