Top stocks in focus: Reliance Industries, Varun Beverages, Cholamandalam Investment and Finance

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Sep 09, 2019 02:09 IST India Infoline News Service

Stocks In Focus
Reliance Industries and BP Plc aim to commence gas production from KG-D6 basin in April-June 2020. The bidding would be conducted on Oct. 10 to sign gas sale pact within 15 days from the closure of bidding process.

Canara Bank sought expression of interest from bidders to sell its entire stake of 30% in Can Fin Homes. Besides, the lender revised MCLR across various tenors with effect from Sept. 7.

IDBI Bank withdrew its nominee director in Suzlon Energy.

The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Patanjali for the debt-ridden Ruchi Soya.

Reliance Communications said that the 7th meeting of the Committee of Creditors of Reliance Communications is scheduled to be convened on September 9.

Kwality informed that Corporate Insolvency Resolution Process (CIRP) period for it has been extended by another 60 days till November 6.

Adani Enterprises incorporated Adani Lucknow International Airport on September 6.

Rating agencies ICRA and CRISIL have assinged "ICRA A1+" and "CRISIL A1+" on Cholamandalam Investment and Finance Company's commercial paper for Rs8,000cr.

Rane Holdings said ICRA has given "ICRA AA-", with "stable" outlook to its Rs5cr line of credit (LOC) and "ICRA A1+" to Rs10cr CP up to November 30.

Coffee Day Enterprises has announced the appointment of IDFC Securities as an advisor to identify strategic options and advise it on the refinancing of existing debt.

Varun Beverages has raised Rs899.99cr through qualified institutional placement (QIP).

J&K Bank stated that annual shareholders meeting has been postponed to Sept. 26.

NBCC has submitted its willingness to take over the responsibility of preparing a revised plan to take over incomplete assets to the Supreme Court. Next date of hearing for the proposed revised plan is Oct. 17.

ITD Cementation stated that it has stopped its tunnel boring machine operations temporarily for the construction of East-West Corridor of Kolkata Metro as water has entered tunnels while tunneling.

IL&FS Investment Management Services stated that finalisation of financial results have been delayed and company is not in a position to submit financial results for financial year 2018 and quarter ended June 2019.

DHFL defaulted in payment of non-convertible debentures interest worth Rs20.24cr.

Shilpa Medicare received two observations for formulation plant in Telangana by the USFDA. The company also said that there were no repeat observations or data integrity related observations.

Avenue Supermarts has issued commercial paper of Rs150cr.

Vivimed Labs enters definitive agreements for transfer and sale of its wholly owned subsidiary to Vivimed Specialty Chemicals UK.

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