Daily Stock News Today – 21.12.2017

Daily Stock News Today – 21.12.2017

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* ASHIANA HOUSING: SBI Mutual Fund has bought 1.7% stake or 1.78 mln shares of the company at 165.79 rupees a share through a bulk deal on the National Stock Exchange.

* BHARAT PETROLEUM CORP: The company would prefer integration with GAIL (INDIA), Petroleum Minister Dharmendra Pradhan has said, adding that the refiner has also expressed interest OIL INDIA as the second option.

* CANARA BANK: The board of the bank will meet on Tuesday to consider raising capital through a qualified institutional placement. Has decided to sell 1% stake or 400,000 shares in the National Securities Depository.

* CENTRUM CAPITAL: Waaree Energies has raised 1 bln rupees from the company's arm Centrum Financial Services.

* COAL INDIA: Is pursuing opportunities for acquiring coking coal mines abroad even as very few such assets have come up for sale in the last one-and-a-half years, Coal Minister Piyush Goyal said. The board has cleared the decks for signing of fuel supply agreements with 10 power producers that participated in the coal linkage auctions held in September.

* DALMIA BHARAT: Is set to acquire Murli Industries that has been referred to the bankruptcy code and will infuse close to 4 bln rupees to revive it.

* DHANUKA REALTY: The company on Monday completed the acquisition of its arm Dhanuka Affordable Housing.

* GAIL (INDIA): Has held discussions with Cheniere Energy and Dominion Cove Point LNG LP--from whom the company has contracted 5.8 mtpa liquefied natural gas--to renegotiate prices under the contracts, Petroleum Minister Dharmendra Pradhan said.

* GENERAL INSURANCE CORP OF INDIA: Has received approval from Lloyd's franchise board to create and manage a Lloyd's syndicate, in partnership with London-based Ironshore's Pembroke Managing Agency.

* HOUSING DEVELOPMENT FINANCE CORP: The board has approved the sale of 6.3% stake in Computer Age Management Services to Great Terrain Investment for 2.1 bln rupees.

* INTERGLOBE AVIATION: Directorate General of Civil Aviation has issued a show-cause notice to the company's lowcost carrier IndiGo seeking an explanation on the incident of airline staff manhandling a passenger at the airport.

* IVRCL: Will sell its entire stake in two subsidiaries Salem Tollways and Kumarapalyam Tollways for enterprise value of 7.3 bln rupees to Cube Highways and Infrastructure.

* JSW STEEL: Has launched JSW Everglow, a colour-coated steel product that aims to provide roofing and wall solutions.

* KILPEST INDIA: Has received an order worth 13.90 mln rupees from Gujarat Medical Services Corp for insecticides.

* KRIDHAN INFRA: The company's qualified institutional placement opened, and the floor price for the issue has been set at 102.82 rupees a share.

* MARICO: Cut prices of products such as deodorants and hair tonics by 12-22% in November.

* NOCIL: The board has approved an in-principle proposal for capital expenditure of 1.68 bln rupees for phase-II expansion of its production facilities for rubber chemicals.

* PIDILITE INDUSTRIES: The company's board will meet on Tuesday to consider a proposal to buy back its fully paidup equity shares.

* REPRO INDIA: Promoter Sonam Rishabh Parekh bought 112,000 shares or 0.97% stake in the company through open market on Monday.

* SIMPLEX INFRASTRUCTURES: Mumbai Metropolitan Development Authority has appointed the company to construct the viaduct and stations from DN Nagar to Bandra Kurla Complex on the Metro-2B corridor.

* SITI NETWORKS: Swiss Finance Corp (Mauritius) has sold 1.44% stake or 12.56 mln shares of the company at 26.10 rupees a share through a bulk deal on the BSE.

* SRIKALAHASTHI PIPES: The company's qualified institutional placement has opened on Wednesday with the floor price set at 379.33 rupees per share.

* STEEL AUTHORITY OF INDIA: Has flagged off from Kolkata port the first consignment of 1,000 tn of SAIL-TMT reinforcement bars for the Indo-Bangla Maitree Super Thermal Power Project.

* SQS INDIA BFSI: Assystem Services, earlier known as Weilchensee 884 VV GmbH, has issued an open offer to buy 26% stake or 2.8 mln shares in the company at 475.27 rupees per share.

* TATA CONSULTANCY SERVICES: The company's division, TCS iON, has entered into an agreement with Cambridge Assessment English to offer Cambridge's computer-based business English certificate courses in India.

* TATA METALIKS: Shareholders of the company have approved entering into related-party transaction with TATA STEEL for up to 3 bln rupees in 2017-18 (Apr-Mar).

* UNITED BANK OF INDIA: The Reserve Bank of India has initiated prompt corrective action against the bank, on account of high net non-performing assets, low leverage ratio and a need to raise capital.

* URJA GLOBAL: Board has approved the issue of 26.54 mln compulsorily convertible preference shares to MK Star Development SDN BHD by way of preferential allotment, to raise up to 2.7 bln rupees.

* VARUN BEVERAGES: The board has approved a proposal to enter into a binding agreement with PepsiCo India to acquire the franchisee rights and manufacturing facilities for the latter's products in Chattisgarh.

* VIMAL OIL & FOODS: Has been admitted by the National Company Law Tribunal on Tuesday, for initiation of corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.

* ZEE LEARN: Swiss Finance Corp (Mauritius) has sold 7.9% stake or 25.59 mln shares of the company at 43.65 rupees a share through a bulk deal on the BSE.