STOCKS ON RADAR:
Bank of India: The Bank Board approved to increase in authorized capital from Rs 3000 crore to Rs 6000 crore Capital raising plan for issue of Equity Shares and Tier-I and Tier-II Capital Bonds to be raised at appropriate times in future.
Syndicate Bank: To mull raising Rs 500 crore via share issue to staff.
Ashok Leyland: The Auto Manufacturer Company increases stake in Ashley Aviation, acquired 27.25 per cent additional stake, raising its shareholding in the firm to 76.25 per cent.
Dena Bank-Bank Of Baroda-Vijaya Bank merger – The Union Cabinet on Wednesday gave its nod to the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB). The boards of the banks met to approve the swap ratios on Wednesday.
Dena Bank shareholders to get 110 Bank of Baroda shares for 1000 held.
Vijaya Bank shareholders to get 402 Bank of Baroda shares for 1,000 held.
HDFC: to consider issuance of NCDs worth Rs 45,000 crore on January 29.
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