STOCKS ON RADAR:
Dilip Buildcon: CRISIL downgraded rating for long term bank facilities from CRISIL A+/Stable to CRISIL A/Stable. Short term reaffirmed at CRISIL A1
Subsidiary DBL Anandapuram Anakapalli Highways Private Limited received the financial closure from the National Highways Authority of India for six laning of Anandapurdm-PenduthiAnakapalli section of NH-5 (new NH-16) in Andhra Pradesh under Bahratmala Pariyojana on Hybrid Annuity Mode.
Yes Bank: Board finalized on its yesterday meet names of potential candidates for the position of MD & CEO and will submit an application to the Reserve Bank of India on January 10, seeking approval for the appointment of the new MD & CEO.
NRB Industrial Bearings: Board approved the allotment of 50,00,000 cumulative, redeemable, non-convertible preference shares of Rs 10 each aggregating to Rs 5 crore on private placement basis to Devesh Singh Sahney, Chairman, Managing Director and Promoter of the company.
Ashok Leyland: Company bags orders for 2580 buses from state transports, buses to be delivered before March 2019.
Company acquired additional 5,00,010 shares (constituting 12.50 percent in the paid-up share capital of Ashley Aviation Limited. Consequent to the said acquisition, the company’s shareholding in Ashley Aviation Limited stands increased to 88.75 percent.
Bajaj Finance: The company issued 14950 secured redeemable non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 1495 crore.
Tata Steel BSL: Board approved (a) issuance of non-convertible redeemable preference shares an amount upto Rs 12,000 crore and/or (b) Issuance of non-cumulative optionally convertible redeemable preference of up to Rs 12,000 crore on a private placement basis to Tata Steel.
Results Today: TCS, Bandhan Bank, Goa Carbon, Flexituff Ventures International are going to declare their Q3 2019 results today.
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