Stocks To Watch
Reliance Industries: TV18 Broadcast, Hathway Cable & Datacom and Den Networks will be merged into Network18 Media & Investments, according to an exchange filing.
Vodafone Idea: The company decided to pay to the Department of Telecom a portion of the dues calculated based on AGR aggregating to a sum of Rs 2,500 crores on Feb. 17 and a further Rs 1,000 crore before the end of the week.
Tata Teleservices and Tata Teleservices (Maharashtra) Ltd. made a payment of Rs 2,197 crore to the Department of Telecom towards license fees and spectrum usage charges.
JSW Energy has signed a share purchase agreement to acquire a 100 percent stake in GMR Kamalaganga Energy for an enterprise value of Rs 5,321 crore. The target company owns a 1,050-megawatt power plant in Odisha.
DHFL: At least 15 bidders submit expressions of interest for DHFL's businesses under IBC, people in the know told BloombergQuint on the condition of anonymity. KKR, Bain Capital, Welspun Group, Asset Reconstruction Company of India Ltd. and Oaktree Capital seek to purchase DHFL's entire loan book. Deutsche Bank, Edelweiss Group, Piramal Group, Baring Capital seek to buy partial loan book under IBC.
JSW Steel declared preferred bidder for three Odisha iron ore mines, whose combined iron ore resources stand at 1,092 million tonnes.
Finolex Industries said that due to force majeure declared by company’s major vinyl chloride monomer supplier during March 2020, the operations of the company with respect to its VCM to polyvinyl chloride route will be affected for 30 to 35 days. This would result in a shortage of PVC production of approximately 15,000 MT.
KPI Global Infra received a letter of intent for an order to execute a solar power project of 900 KW capacity from JPB Fibers.
NIIT Technologies has set March 12 as the record date for the share buyback.
Future Lifestyle Fashions to consider raising funds on Feb. 20.