Stocks in the news: Adani Ports, JSW Steel, Piramal Ent, BEML, RITES, Prince Pipes, RCap, PSP Projects, Inox Wind

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Adani Ports: Adani Logistics, a subsidiary of Adani Ports and SEZ, announced on Friday it had signed an agreement to acquire a 40.25 per cent stake in Snowman Logistics from Gateway Distriparks for Rs 296 crore.

JSW Steel: On Friday said its Netherlands-based subsidiary will offload 39 per cent stake in joint venture firm Geo Steel LLC for $23.08 million.

Piramal Enterprises: On Saturday the company?s board has approved raising up to Rs 2,750 crore by issuing bonds on private placement basis. The company said the money can be raised in one or more tranches from time to time.

BEML: Signed MoU with IRCON International

RITES: Declares interim dividend of 60% amounting to Rs 26 per share

Prince Pipes: Prince Pipes and Fittings, whose IPO was opened for subscription between December 18 and December 21, is slated to list its shares on the stock exchanges on Monday(December 30).

Reliance Capital: Reliance Capital on Sunday said the Insurance Regulatory and Development Authority of India has cancelled pledge enforcement of Reliance General Insurance Company Ltd’s (RGICL) shares by Credit Suisse and Nippon India MF.

Inox Wind: Signs termsheet for EPC contract of 250 MW from Continuum Power Trading

Source: Business Standard, Moneycontrol and Other Published Sources

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