Stocks in the news: Sun Pharma, Chalet Hotels, Jubilant Foodworks, Strides Pharma, CMI, Tides …

Here are stocks that are on the news today:

IDBI Bank: RBI has designated IDBI Bank as a private bank for regulatory purposes effective January 21, 2019, after the Life Insurance Corporation of India acquired 51 percent of the Bank's total paid-up share capital.

Tidewater oil (India): The Board declared a 2nd interim dividend of 1700 percent (85 Rs) per common share for the year 2018-19.

Tech Mahindra: The Board approved the proposal to acquire a 100% interest in K-Vision Co through its wholly owned subsidiary Mahindra Engineering Services (Europe). The enterprise value of the deal is $ 1.5 million.

The Supreme Court of Delhi has suspended the order of the National Anti-Profiting Authority (NAA) against this case Jubilant Foodwork and the criminal case, in which an amount of 20 rupees will be deposited in the Central Consumer Welfare Fund, within four weeks from the date of the order.

Categorized RBI IDBI Bank As a private bank for regulatory purposes, effective January 21, 2019, after the Life Insurance Corporation of India acquired 51% of the Bank's total paid-in share capital.

The NCLT approved the merger of Explosoft Tech Solutions AXISCADES engineering technologies

Emami: SAT issued an order in which it accepted the appeal and overturned the order of the SEBI Adjudicating Officer, who imposed a fine of Rs 8 lakh on R S Agarwal, the company's chairman.

LGB ForgeRamakrishnan resigned as CFO of the company.

CMI: The company was added in the third quarter to the end of December 2018 as a supplier with a few well-known companies (Power Grid projects, Airport Authority of India, Mazgaon Dock Shipbuilders, Jawahar Lal Nehru Port Trust).

Ranjeet Mechatronics: Company Received is a project for the delivery, installation, testing and commissioning of various fire fighting equipment and items, as well as the work on the Gas Flooding and Fire Fighting System for the Airport Authority of India (AAI). The project value is 11.56 Rs.

Kapashi commercials: The Board of Directors recommended a bonus issue of equity shares in the proportion of three shares of Rs 10 each for two shares of Rs 10 each held by the shareholders.

Infosys receives the approval of the shareholders to repurchase shares and reappoint Kiran Shaw as an independent director

RIL – Brookfield sponsored the India Infrastructure Trust (InvIT) to acquire the East-West pipeline for Rs 13,000

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of the Independent Media Trust, Network18 Media & Investments Ltd. controlled.

PNB – ICRA has improved the outlook for ICRA AA- on bonds on a stable basis

Mahindra & Mahindra Financial Services NCDs worth Rs 13 crore

Corporate banking revised MCLR rates w.e.f. March, 15

Future retail – CARE has rated the rating for NCD as CARE AA-, outlook stable and confirmed CARE AA- for long-term bank facilities

Future supply chain solutions – CARE confirmed the CARE AA rating for long-term facilities (on a fund basis), CARE A1 + for short-term bank facilities and CARE AA- for long-term bank facilities – the long-term loan

Essel Propack: The Company has withdrawn commercial paper maturing on March 14, 2019 at Rs 35 crore.

Coal India: The Board agreed to pay the 2nd interim dividend for the financial year 2018-19 at Rs5.85 per share, nominal value of Rs 10.

Ujjivan financial services: The Board of Directors declared an interim dividend of 85 pa per share at Rs 10 each.

Essel Propack: The board appointed Ramesh Gupta as additional director.

IDBI Bank: ICRA confirms rating of Upper Tier II and perpetual bonds at BBB +; whereas the outlook for these instruments has been removed by 'Rating Watch with evolving effects' and given a 'negative' outlook.

Strides Pharma Science: Bajaj Finance reduces shareholding in companies by 3.49 percent to 1.74 percent – CNBC-TV18.

Jubilant Foodworks: Promoter Jubilant Consumer Private Limited sold committed shares amounting to 39.59 lakh (representing 3 percent of total paid-in equity).

Poly-Medicine: The Company Acquired 100% Acquisition by Acquiring the remaining 18% Interest in Plan 1 Health s.r.l. completed.

Trinity League India: The Company has approved the signing of a Memorandum of Understanding with the Russian-based limited liability company "2050.Digital" for the use of logistical support and technological solutions for the verification of insurance claims in the agricultural sector.

Jindal Stainless: Abhyuday Jindal acquired 70,000 shares in the company.

Ujjivan financial services: The Board of Directors declared an interim dividend of 85 pa per share at Rs 10 each.

HUL: Unilever announced the appointment of Sanjiv Mehta, chairman and CEO of the company, known as president of Unilever, South Asia, and member of the Unilever Leadership Executive (ULE).

GTPL Hathway: The promoter has made a promise on 5.62 lakh shares.

Chalet Hotels: Promoter Capstan Trading LLP has made a promise on 29.95 lakh stocks, Raghukool Estate Development LLP on 33.95 lakh stocks, Touchstone Properties & Hotels Pvt Ltd on 1.44 crore stocks.

Sun Pharma: Promoter Shanghvi Finance Pvt Ltd has made a pledge of 41 lakh shares.

Ramkrishna forgings: The promoter Riddhi Portfolio Pvt Ltd has released a pledge of 30,000 shares.

Bulk Deals on March 14th


Jubilant Foodworks: The Kotak Mahindra Mutual Fund acquired 8.00.000 shares of the company for Rs.11212.4 per share and Prudential ICICI Asset Management Company 8.20.000 shares for the same price, while Jubilant Consumer Private Limited sold 39.59.071 shares for the same price.

R M drip & sprinkle: Braja Gopal Pal bought 38,000 shares of the company for Rs 52.27 per share.

Ruchi Soya Industries: Soyumm Marketing Pvt Ltd sold 20,000,000 shares of the company at a price of Rs.7.93 per share.

The Byke HospitalityThe Grandeur Peak Emerging Markets Opportunities Fund sold 6.05 million shares of the company for Rs 34.1 per share.


Laurus Labs: FIL Capital Management (Mauritius) Limited sold 61.18.806 shares of the company at Rs 351.15 per share while Amansa Holdings Private Limited bought 33.00.000 shares of the company at Rs 351 per share.

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Analyst or board meeting / briefings

James Warren Tea: The Board meeting is scheduled for March 22 to review the proposal to repurchase shares.

Adani transmission: The Board meeting is scheduled for March 20 to review the repurchase of non-convertible debt securities (NCDs).

Mahindra Habitat: April 22 board meeting to review the Company's audited financial results for the fourth quarter and fiscal year ending March, 2019.

Gujarat Pipavav harbor: The Company has an investor / analyst meeting with the Tata Mutual Fund on March 15.

Ugro capital: The company's management will attend the Valorem Analyst Conference 2019, organized by Valorem Advisors on March 15 in Mumbai.

escortsCompany officials will be meeting analysts / investors / AMC on the 15th, 16th, 18th, 19th, 20th, 26th and 26th of March.

Eris Lifesciences: Company executives will interact with Antique Stock Broking Limited and its invited guests on March 15.

Igarashi Motors India: The Company Will Attend the Fifth Annual India Auto Conference 2019, Organized by Axis Capital on March 15.

Dr. Lal Path LabsCompany representatives will be in contact with Westbridge Capital on March 15 and Gurugram on March 18 with RBC Investment Management Asia.

CCL Products: Meetings with the company's institutional investors, as arranged by Antique Stock Broking, are scheduled to take place between March 15 and 19 in Hong Kong and Singapore.

OCL iron and steel: The Board meeting is scheduled for March 19 to review the issuance of shares and convertible / non-convertible securities or other equity-linked securities, as well as secured / unsecured loans.