Top stocks in focus: Tata Steel, Sun Pharma, IndiaMart IPO, Piramal Ent

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

Jun 24, 2019 02:06 IST India Infoline News Service

Stocks to watch
Tata Steel said that the Fitch affirms BB rating with a stable outlook.

Suzlon Energy has told its lenders that Canadian investor Brookfield is keen to acquire majority stake in it, which would help the cash-strapped renewable energy company settle its loans if the lenders were to give a waiver, as per ET report.

Tata Power is exploring the establishment of an infrastructure investment trust (InvIT) for its near 3 gigawatt (GW) renewable energy portfolio to deleverage its balance sheet by a fourth and raise growth equity from investors, as per media reports.

IndiaMart InterMesh IPO opens today at Rs970–973/share and closed on June 26

Jain Irrigation’s long term issuer default rating downgraded to ‘B-’ from ‘B+’, and has been placed on rating watch negative

NCLT approved the composite scheme of Arrangement between Aarti Industries Limited, Arti Surfactants Limited and Nascent Chemical Industries Limited and their respective shareholders.

Sun Pharma said that the U.S. FDA conducted a Pre-Approval Inspection of Sun Pharma’s Halol facility from June 3 to June 11 and issued a form 483 with four observations.

Piramal Enterprises says no proposal placed before the board for approval on raising funds from marquee investors.

Glenmark said that the USFDA issued a Complete Response Letter for Ryaltris and cites deficiencies in the Drug Master File for the drug. The company sees resolution in the next six to nine months.

UPL fixed July 3 as record date for issue of bonus shares.

Star Cement approved a proposal to buyback upto 68 lakh fully paid-up equity shares, at a price of Rs150 per share, for an aggregate consideration not exceeding Rs102cr.

National Company Law Tribunal approves the merger of Gruh Finance with Bandhan Bank.

Max India said that Radiant Life Care completes its acquisition of a 49.7% stake in Max Healthcare from Life Healthcare.

Sun TV Network appointed Mathipoorana Ramakrishnan as an Additional Director (Woman Independent Director) for a period of five years.

CG Power sold 13 acre of land to Evie Real Estate for Rs490cr.

CARE reaffirmed its rating on Future Enterprises commercial paper at A1+.

CARE revised Zen Technologies rating on long term/short term bank facilities to BBB with stable outlook/A3+, down from BBB- with stable outlook/A3.

NTPC said that the Fitch affirms rating at BBB- with a stable outlook.

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