Stocks in the news: Adani Enterprises, Welspun Corp, KIMS, Ceat and Natco Pharma

: The flagship company of the Adani Group has raised Rs 100 crore by allotment of 1,000 non-convertible debentures of face value of Rs 10 lakh each on a private placement basis. The said MLD will be listed on the Wholesale Debt Market segment of BSE.

Welspun Corp: The metal player has acquired entire share capital of Nauyaan Shipyard, a company with objects, inter alia, of ship building, shippers, ship-owners, repairers, re-fitters, fabricators from a related party, at a fair value consideration of Rs 100,000 with an intention to make it a wholly owned subsidiary.

Natco Pharma: The drug maker said it has received a court order allowing it to launch insecticide Chlorantraniliprole (CTPR) and its formulations. The company has received an order from the Delhi High Court to launch the insecticide through a non-infringing process.


Krishna Institute of Medical Sciences: General Atlantic Singapore 12.10 lakh shares or 1.5 per cent stake of hospital chain KIMS at an average price of Rs 1,250 apiece for Rs 151.25 crore through an open market transaction. according to bulk deal data available with BSE.

Life Insurance picked up the shares at the same price.

Ceat: The tyre manufacturer said that the company’s board of directors has allotted non-convertible debentures (NCDs) on a private placement basis aggregating to Rs 150 crore.

IFCI: The state owned financial services firm said the board of directors will meet on September 27 to consider the preferential issue of equity shares to the Government of India. This is subject to the approval of shareholders and stock exchanges.


Hatsun Agro Product: The dairy products player has received approval from the board for its rights issue of up to Rs 400 crore.

TV18 Broadcast: Fair-trade regulator Competition Commission of India (CCI) approved the proposed merger of Jio Cinema OTT with Viacom18 Media, which is the the JV between the domectic broadcast and Paramount pictures.

: The railway firm has received a work order worth Rs 256 crore of detailed engineering and project management consultancy services for the development of rail infrastructure for Ananta OCP of Jagannath Area at Talcher, from Mahanadi Coalfields.

: The promoter of kitchen appliances maker,

, will sell 10.72 lakh equity shares or a 6 per cent stake in the subsidiary via offer for sale on September 20 and 21 for which the floor price has been set at Rs 1,370 apiece.

: The textile company said the board of directors on September 22 will consider a proposal of raising funds by issue of equity shares.

: The automobile firm and Evey Trans consortium has bagged orders for 123 electric buses worth Rs 185 crore from Thane Municipal Transport Undertaking in Maharashtra. Both Olectra Greentech and Evey Trans are part of the Hyderabad-based Megha Engineering and Infrastructures.

: The NBFC said the board of directors will consider raising funds by issuance of non-convertible debentures on a private placement basis on September 22.

: The BSE listed packaged edible items manufacturer has announced plans to set up a 1,000 Kilolitres Per Day (KLPD) grain based ethanol manufacturing facility in Dalpur village of Sabarkantha district of Gujarat.

Future Supply Chains: The debt ridden firm has dropped plans to sell assets of the company on account of the expected delay in obtaining other requisite approvals. Its board has passed a resolution “rescinding the proposal to proceed with sale/disposal of the Business Undertaking” in view of expected delay in obtaining other requisite approvals.

: Electrode paste maker Carbon Resources picked up a 5.03 per cent stake in tea planter in a fresh blow to

Group and sought to settle its debt with bankers. Carbon Resources wants to provide a resolution plan for the debt of the bulk tea producer with a Rs 1,245-crore offer.