NEW DELHI Here is a list of the top ten stocks that may appear in the news on Monday:
Dependency Industries: Reliance Retail Ventures Limited, the retail business of Mukesh Ambani’s Reliance Industries Ltd (RIL), has received ₹Rs 7.5 billion from tech investor Silver Lake, the company said in a stock presentation on Saturday.
Lakshmi Vilas Bank: The Reserve Bank of India (RBI) on Sunday approved the formation of a three-member board of directors to temporarily head the struggling Lakshmi Vilas Bank Ltd after shareholders voted for seven directors, including the managing director and director. executive S. Sundar.
Mindtree: The company’s co-founder, Krishnakumar Natarajan, and his family have sold more than 4.66 lakhs of company shares, reducing their joint stake to 2.01%. The transactions were carried out by Krishnakumar N, his wife Akila Krishnakumar and their son Siddarth in multiple tranches between September 15 and 23, Mindtree said in a regulatory filing on Saturday.
Vodafone idea: The telecom operator will upgrade its existing 3G clients in all markets to the 4G network in a phased manner to provide faster data speeds and services.
State Bank of India: The bank’s board of directors will consider a proposal to increase AT 1 bonds that comply with Basel III to the extent of ₹5,000 crore, according to a regulatory filing.
Dr. Reddy Labs: The Hyderabad-based company has launched dimethyl fumarate delayed-release capsules, which are used to treat multiple sclerosis (MS), in the US market. The company’s product is an equivalent therapeutic generic version of Biogen’s Tecfidera delayed-release capsules, the pharmaceutical company said in a statement.
Sun Pharma: The Mumbai-based pharmaceutical company is looking to expand its specialty business in different regions such as Greater China and Japan after having established a presence in the US market, the company said in its Annual Report for 2019-20.
JSW Energy: JSW Solar, a wholly owned subsidiary of JSW Energy Ltd, has secured 810 MW combined wind power projects in an auction conducted by state-run SECI. The Solar Power Corporation of India (SECI) had held an auction to establish 2,500 MW ISTS (Interstate Transmission System) projects under competitive bidding based on tariffs. The tender was floated in June.
Ceat: The tire manufacturer plans to lift up to ₹500 crore through non-convertible bonds (NCD). The company’s board of directors has approved the raising of funds up to ₹Rs 250 million through the issuance of guaranteed, listed, rated, taxable and redeemable NCDs on a private placement basis, in one or more tranches. In addition, the board also authorized the company’s finance and banking committee to approve another fundraiser of up to ₹250 crore.
Coffee day companies: Coffee Day Enterprises Ltd, in debt, said Thursday that it continues to explore and evaluate various opportunities amid reports that it is in talks with Tata Consumer Products Ltd (TCPL) to sell its vending machine business.
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