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Monday 12 April 2021

IN News

Stocks in News

Infosys: The IT services major will consider the proposal for the buyback of equity shares of the company on April 14, the firm announced in its BSE filing on April 11.


Solara Active Pharma Sciences: The board of directors of the company approved the amalgamation of Aurore Life Science, Empyrean Lifesciences and Hydra Active Pharma Sciences with itself. "The combination creates a pure play API company of scale with strong presence in regulated markets, emerging markets, a broad product portfolio, robust operations infrastructure, excellent R&D capabilities and clear synergies to further accelerate growth for the combined entity," Solara said in its BSE filing.


Barbeque Nation Hospitality: UTI Mutual Fund acquired 1.7752% equity stake in casual dining restaurant chain operator Barbeque Nation via open market operations on April 8, taking its total shareholding in the company to 5.0188%.


Castrol India: Castrol and Ki Mobility Solutions have entered into an exclusive supply arrangement in India wherein Castrol shall supply lubricant products to Ki Mobility's multi-brand workshops.


Balrampur Chini Mills: The company informed exchanges that rating agency ICRA has re-affirmed the credit ratings for both long-term and short-term as 'AA' and 'A1+', respectively. However, the outlook on the long-term rating has been revised from Stable to Positive, it said.


JSW Steel: State-owned Life Insurance Corporation of India held 4.80% equity stake (11,60,57,427 equity shares) in JSW Steel as of March 2021, increasing from 4.02% shareholding held by LIC itself in the name of LIC New Endowment Plus-Growth Fund at the end of December 2020.

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