India stocks ended higher, helped by gains in energy and information technology companies, while shares of Adani pared losses after denying a media report that some overseas investors’ account were frozen. The S&P BSE Sensex reversed decline of as much as 1% to close 0.2% higher at 52,551.53 while the NSE Nifty 50 Index rose 0.1%, with both guages ending at a fresh record. Here are the stocks to watch in trade today:
JSW Ispat Special Products: Promoter AION Investments Private II Ltd to sell up to 9.94 crore shares, representing 21.18% of the total equity share capital through an offer for sale. The floor price of Rs 27 per share is at discount of 52.92% to Monday’s closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.
SBI Cards and Payment Services: Approved allotment of 5,000 unsecured NCDs of Rs 10 lakh each aggregating to Rs 500 crore on private placement basis. The coupon rate is fixed at 5.55% per annum for a period of 3 years.
Care Rating: Securies Appellate Tribunal has reduced the Rs 1 crore penalty imposed by SEBI in 2020 to Rs 10 lakh. SEBI after conducting adjudication proceedings in relation to credit ratings assigned to one of customers had a imposed a penalty on the company.
Clariant Chemicals (India): Clariant AG has agreed to sell its pigments business to Heubach Group and SK Capital Partners at an enterprise value of CHF 805 million to CHF 855 million on a cash and debt free basis. Clariant will reinvest to become a 20% shareholder alongside Heubach and SK Capital in the ultimate holding company. The sale is expected to be completed in the first half of 2022.
NHPC : Signed a MoU with Bihar State Hydro-Electric Power Corporation for execution of 130.1 MW Dagmara HE Project in the state on ownership basis. The state government will provide a grant of Rs 700 crore for the project.
Zuari Agro Chemicals: Resumed production at Ammonia and Urea Plants at Zuarinagar in Goa on June 13.
Can Fin Homes: National Housing Bank has imposed a penalty of Rs 29.13 lakh plus applicable GST at 18%. The company had accepted individual deposits aggregating to Rs 14.56 lakh from five small depositors for a period of less than 12 months, in contravention of para 4 of the HFCs (NHB) […]