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1. CLSA reiterates outperform rating on Bharti Airtel citing the reduced AGR risk at Rs.62 per share.
2. Ruling of Supreme Court may turn positive for Reliance Jio’s market share in the long term as rivals might hike tariffs.
3. Macrotech Developers buys stakes in three warehousing companies from Ivanhoe Warehousing for ₹ 239.56 crore to bring increased rental income potential.
4. Nomura raises Vodafone Idea to ‘buy’, and points toward a conclusion of the overhang of AGR and 45% potential gains.
5. Power Grid Corporation has won the inter-state transmission project in Gujarat for evacuation of renewable energy on BOOT basis.
6. State Bank of India subscribed to $50 million Treasury Bills issued by the Maldives Government for an additional year.
7. SEBI has restrained Axis Capital from new assignments as a merchant banker or underwriter in the debt segment, requiring a response within 21 days.
8. The company has agreed to sell subsidiary IndoStar Home Finance to Witkopeend BV for Rs 1,750 crore pending due regulatory approvals.
9. SpiceJet’s share sale of $358 million garnered the interest of Tata Mutual Fund, Authum Investment, and Think Investments in terms of institutional backing.
10. IndoStar Capital Finance offloads subsidiary IndoStar Home Finance for Rs 1,750 crore to Witkopeend BV pending regulatory approvals.
11. SpiceJet $358 million share sale Spicejet had interest from Tata Mutual Fund, Authum Investment and Think Investments, in a strong institutional show of interest.
12. Mumbai: Rane Holdings has acquired the remaining 51% stake in Rane NSK Steering Systems and the acquired company would be renamed as Rane Steering Systems.
13. Radhakishan Damani sold 1 lakh shares, while Reliance Mutual Fund and Thrift Savings Plan purchased 85,000 and 83,970 shares, respectively.
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Source: Google
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Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.
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