Ranjan Pai Of Manipal Health On Revised Fortis Deal

Ranjan Pai Of Manipal Health On Revised Fortis Deal 📌 Earlier liabilities will be going back to the earlier promoters 📌 Current structure is nearly 50:50 dilution from minority 📌 shareholders point of view 📌 SRL will be listed when it gets merged 📌 Revised offer details after investors’ feedback 📌 Too early to say whether …

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Punjab National Bank Falls On Rating Downgrade

Gold Silver Reports (GSR) – Punjab National Bank Falls On Rating Downgrade – Shares of the Delhi-based government-owned bank fell as much as 3.7 percent, most in two weeks to Rs 101.30 after Fitch Ratings downgraded the viability rating of Punjab National bank to ‘BB-’ from ‘BB’. The rating agency said …

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HFCL Rises On Winning Advance purchase Order From BSNL

HFCL Rises On Winning Advance purchase Order From BSNL Shares of the Delhi-based telecom equipment maker rose as much as 5.9 percent to Rs 28.65 after it bagged order worth Rs 579 crore from Bharat Sanchar Nigam Limited (BSNL) for building 2G GSM base service set network in Assam.

Kwality Up After Block Deal

Kwality Up After Block Deal Shares of the Delhi-based dairy products maker rose as much as 3 percent to Rs 58.40 after 15.2 lakh shares changed hands in a block deal. Buyers and sellers were not immediately known

Phoenix Mills Gains After CPPIB Pumps In Rs 938 Crore

Phoenix Mills Gains After CPPIB Pumps In Rs 938 Crore

Shares of the Mumbai-based real estate developer rose as much as 4 percent to Rs 597.85 after Canada Pension Plan Investment Board (CPPIB) invested Rs 938 crore for acquiring additional 19 percent stake in Island Star Mall Developers Private Limited (ISMDPL).                          

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Stocks To Watch: Fortis Healthcare, IDBI Bank, IFCI, Infosys, VRL Logistics

Gold Silver Reports (GSR) – Stocks To Watch: Fortis Healthcare, IDBI Bank, IFCI, Infosys, VRL Logistics — Asian stocks fluctuated at the open amid a lack of fresh impetus after an apparent easing of trade tensions between the U.S. and China triggered a buoyant session Tuesday for global equities and a renewed vigor in favor of risk appetite.                   

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Welspun Corp Rises On Order Win

Welspun Corp Rises On Order Win Shares of the Gujarat-based pipe maker rose as much as 4.2 percent to Rs 148.10 after it won order for supply of 4.17 lakh million tonnes of large diameter pipes for a water project in MENA, the company said in an exchange filing.    …

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Gravita India Gains On Commencing Production From Chittoor Plant

Gravita India Gains On Commencing Production From Chittoor Plant Shares of the Rajasthan-based lead products maker rose as much as 3.37 percent to Rs 177.90 after it started commercial production of PPCP granules from its plant situated at Chittoor in Andhra Pradesh.