#ROSSARI : BOLA THA NA ROSSARI DEGA PAISA KMA KE...
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Rossari Biotech is reportedly in advanced negotiations to buy a specialty chemicals company for Rs. 100 to 125 cr. Add before the news is out.
Stocks in News
Panacea Biotec: The company reported consolidated loss at Rs 54.14 crore in Q4FY21 against Rs 68.39 crore in Q4FY20, revenue rose to Rs 168.27 crore from Rs 125.36 crore YoY.
Muthoot Finance: The company reported higher consolidated profit at Rs 1,023.76 crore in Q4FY21 against Rs 835.77 crore in Q4FY20, total revenue increased to Rs 3,104.5 crore from Rs 2,630.5 crore YoY.
Solar Industries India: FMR LLC and Fidelity International acquired 39,465 equity shares in Solar Industries via open market transaction on May 31, raising stake in the company to 5.02% from 4.98% earlier.
Rossari Biotech: Rossari will acquire Unitop Chemicals, a leading supplier of surfactants, emulsifiers and specialty chemicals, for Rs 421 crore.
Persistent Systems: The company to expand its relationship with IBM to help fuel open hybrid cloud adoption, core IT modernization and digital transformation for customers across the enterprise.
Tata Power Company: Subsidiary Tata Power Solar received EPC orders for Rs 686 crore from NTPC to set up solar PV projects.
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2nd June (Thursday)
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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.
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💥Buy Rossari Biotech only abv 871... cmp 863 for investment ....tgt 882, 890,901,936 plus in 9-12 months as this counter suffered a lot in the recent downfall. Now sharp recovery is expected in this counter💥
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, ......read more