Stocks in the news
Rossari Biotech: Rossari Biotech approved issuance of 30,12,046 equity shares on a preferential basis, at a price of Rs 996 per equity share. The company raised nearly Rs 300 crore through preferential issue to SBI Mutual Fund, Ramesh Siyani, Arpit Kbandelwal, Malabar Select Fund, Malabar India Fund, Malabar Value Fund and India Acom Fund.
Rail Vikas Nigam: The Government of India will sell 20,85,02,010 equity shares of Rail Vikas Nigam or 10% of total paid up equity, via offer for sale route on March 24-25. In case of oversubscription, the government will sell additional 10,42,51,005 equity shares or 5% shareholding in the company.
India Glycols: India Ratings & Research has placed India Glycols' Long-term Issuer Ratings of 'A-' on Rating Watch Positive (RWP).
Vascon Engineers: Vascon Engineers has emerged as lowest bidder for 2 projects of Uttar Pradesh Public Works Department.
Laurus Labs: Rating agency CARE retained credit rating of the company's long-term banking facilities as 'AA-', but revised outlook to Positive from Stable.
Deepak Nitrite: ICRA has upgraded long-term rating from AA- to AA on bank facilities of Deepak Nitrite. The outlook on the long-term rating has been revised from Positive to Stable.