Stocks in News
Motherson Sumi Systems: Moody's Investors Service revised the company's rating outlook to 'stable' from 'negative' while affirming the Ba1 corporate family rating to Motherson Sumi Systems. The improved outlook with the affirmed rating reflects the sustainability of earnings and de-leveraging witnessed in the last two quarters despite growth challenges due to the global pandemic, the company said in its BSE filing.
JSW Steel: The company's subsidiary JSW Steel Italy S.r.l has completed the acquisition of 30.73 percent equity share capital of GSI Lucchini S.p.A. In December 2020, a share purchase agreement had been executed between subsidiary JSW Steel Italy S.r.l. and Industrial Development Corporation, South Africa, for acquiring 30.73 percent share capital of GSI for 1 million euro.
5paisa Capital: The company approved fresh capital raise of Rs 250.87 crore through preferential issue of equity shares and warrants at Rs 500 per share to a set of marquee investors, promoters and the promoter group.
Shipping Corporation of India: Shipping Corporation of India (SCI) has appointed M/s Corporate Professionals Capital Private Limited as the consultant for undertaking demerger, hive off or transfer of SCI's non- core assets and "assets held for sale".
UPL: The Supreme Court of Queensland in Australia has dismissed a class action litigation against Advanta Seeds Pty Ltd, UPL's subsidiary in Australia. "This class action, funded by a UK-based litigation funder, alleged that seeds sold by Advanta in 2010/2011 to certain growers in Queensland and News South Wales region of Australia, were contaminated," the company said in its BSE filing.
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