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Stocks In News

 

IOC

Raises Petrol Price by 10 Paise/Ltr for Friday, Ex-Delhi

Hikes Diesel Price by 9 Paise/Ltr for Friday, Ex-Delhi

VEDANTA

Vedanta sees golden opportunity to buy Deccan Gold Mines

Vedanta is negotiating to buy a 26% stake

ESSAR OIL

Ruias strike complex royalty deal with new owners of Essar Oil

Ruias would receive royalty as they continue to use the ‘Essar’ brand

The $12.9 billion deal which includes loan liability of Essar Oil is expected soon

Close to $3 billion would go towards normalising the working capital level

Rosneft would buy 49% stake in Essar Oil’s refinery, port and petrol pumps

2% would be held by Ruias

DHANLAXMI BANK

Financial Express Reports:

Bajaj Allianz Life Insurance has renewed its partnership the Corporate Agency agreement with the bank

Under the agreement, the bank will continue to sell products of Bajaj

PNB

Financial Express Reports:

It plans to raise Rs 3000 cr by follow on public offer, rights issue or QIP

The BoD will meet next month to consider the proposal

PNB

Financial Express Reports:

The Co is downsizing its retail chain of stores as a part of its restructuring process

The Co has shut 54 Madura stores and 1 Pantaloons store

ADITYA BIRLA FASHION

Financial Express Reports:

The Co is downsizing its retail chain of stores as a part of its restructuring process

The Co has shut 54 Madura stores and 1 Pantaloons store

RCOM

Financial Express Reports:

The Co has asked for time from the Mumbai NCLT

It hopes to convince China Development Bank to withdraw its objection to sale of its tower business

The Co also hopes to go ahead with the proposed merger with Aircel

L&T FINANCE HOLDINGS

L&T Finance Holdings is planning a stake sale in L&T MF

It is looking to list the co

The IPO will give L&T Finance an opportunity to monetize its investments

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