Stocks in News
Rail Vikas Nigam: The company has entered into an Memorandum of Understanding with Tata Steel in connection with implementation of infrastructure projects either on nomination basis as a deposit work or through the special purpose vehicle (SPV) route subject to bankability of the SPV project, execution of definitive agreement and management approval.
Gokaldas Exports: The company launched its qualified institutional placement issue on October 4. The floor price has been fixed at Rs 194.58 per share.
Gufic Biosciences: The company has approved the proposal for increasing capital expenditure to the tune of Rs 200 crore out of which around Rs 180 crore is proposed to be utilized for setting up of the new manufacturing unit and balance Rs 20 crore for setting up the research & development facility, both in Indore, Madhya Pradesh.
Elpro International: MetLife International Holdings, LLC has entered into a share purchase agreement with IGE (India) and Elpro International to acquire their total combined shareholding of 15.27% in PNB MetLife India Insurance Company.
JSW Energy: The company has signed a contract with Senvion India, a leading manufacturer of wind turbines, for procurement of 591 MW of onshore wind turbines for the company's under-construction pipeline of renewable energy projects.
ICICI Lombard General Insurance: French insurance firm Axa S.A., to sell around 175 crore shares of ICICI Lombard via block deal on October 5.
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