Nirmal Bang's video: Stocks In News On 17th February 2021

Earnings Today Pasupati Spinning, Sanghvi Forging and Engineering, SR Industries, Uniply Decor and Uniply Industries Adani Ports The company earmarked Rs 10,000 crore to build a new gateway into Maharashtra, and acquired Dighi Ports for Rs 705 crore L&T Finance Holdings The company closed a rights issue of Rs 2,998.61 crore, which was oversubscribed by 15% TVS Srichakra Signed a Memorandum of Understanding with the Tamil Nadu government to facilitate the investment programme of Rs 1,000 crore Heritage Foods Heritage Novandie Foods, a 50:50 joint venture company between Heritage Foods and Novandie, France started commercial production Infosys The US subsidiary completed acquisition of automated new business and underwriting platform from STEP Solutions IndusInd Bank Promoter IndusInd International Holdings completed its capital raise through a rights issue which was oversubscribed IIHL has also decided to monetise some of the other mature, non-core investments, to support the redemption of the warrants The funds from this divestment and the rights issue will be remitted on or before February 18, as permitted by SEBI UltraTech Cement Finance Committee of the Board of Directors approves allotment of unconditional, unsubordinated and unsecured U.S. Dollar denominated notes worth $400 million or Rs 2,900 crore due on February 16, 2031 The notes will have a coupon rate of 2.8% per annum, payable semi-annually starting August 16, 2021 The notes will be listed on the Singapore Exchange Securities Trading Ltd Adani Ports & SEZ Has completed the acquisition of Dighi Port for Rs 705 crore and would invest over Rs 10,000 crore in developing it as an alternate gateway to JNPT This would enable the company to service customers in Maharashtra which includes the highly industrial areas in the Mumbai and Pune regions Ashok Leyland Has invested a total amount of Rs 18.66 crore constituting 26% of the paid-up share capital of Prathama Solarconnect Energy Bajaj Electricals ICRA has upgraded the rating of long-term Line of Credit from A- to A and the rating of short-term Line of Credit from A2+ to A1 Rating agency has upgraded the credit rating of Non-convertible debentures from A- to A Future Consumer Has defaulted on payment of principal of Rs 11.76 crore and interest of Rs 5.58 crore due on unlisted NCDs issued by the company The total financial indebtedness of the listed entity including short-term and long-term debt stands at Rs 526 cr ICICI Bank Has entered into an agreement to acquire 9.65% stake in Thillais Analytical Solutions - a fintech startup operating a neo-banking platform called Vanghee The stake will be purchased for a cash consideration of Rs 1.1 crore The lender will also invest a sum of Rs 4.93 crore in Tap Smart Data Information Services, post which, it will hold 5.4% stake in the fintech company Mahindra Lifespace Developers Has announced the inauguration of the Yanmar Group facility at ORIGINS, Chennai. ORIGINS, Chennai is an industrial park developed in a joint venture between a subsidiary of MLDL and Sumitomo Corporation of Japan With a built-up area of 23,708 sq. mts, the Yanmar Group facility has an annual production capacity of 80,000 engines and will cater to domestic and export Here are our social media handles. Request you to follow us and stay connected for more updates: LinkedIn: https://www.linkedin.com/company/nirmal-bang/ Facebook: https://www.facebook.com/nirmalbang/ Instagram: https://www.instagram.com/nirmalbanggroup/ Twitter: https://twitter.com/NirmalBang Visit our website on: https://www.nirmalbang.com/ View more videos on: https://www.nirmalbang.com/static/support-videos.aspx Disclaimers & Disclosure: https://www.nirmalbang.com/disclaimer.aspx https://www.nirmalbang.com/disclosure.aspx