Major Stock in Focus:
Allahabad Bank is expected to set 9.34% as the coupon on its issue of Basel-III compliant tier-I bonds.
Au Small Finance Bank: The RBI has allowed SBI MF to acquire up to 10% stake in AU Small Finance Bank through its different schemes.
Britannia Industries Ltd will invest 15 billion rupees over the next 3 years in rising production of its flagship products.
Indian Oil Corporation is to sell bonds worth 7 billion rupees to part-finance the construction of its upcoming natural gas workstation at Ennore in Chennai, as per sources.
Reliance Communications: The TRAI has asked the Reliance Communications and its subsidiary Reliance Telecom to facilitate porting out requests of its customers, and generate a universal product code for each of them.
Reliance Industries Limited will raise 50 billion rupees through the 4th tranche of NCDS on a private placement basis.
Reliance Capital has raised 5 billion rupees through NCDS maturing in 5, 5, and 6 years, at a coupon of 8.75%.
Sintex Industries has allotted 4.4 million shares to foreign currency convertible bond holders after they have exercised their conversion rights.
Torrent Pharmaceuticals will acquire the branded business of Unichem Laboratories in India and Nepal for 36 billion rupees on a slump sale basis.
VRL Logistics Ltd has approved buy-back of 9,00,000 shares, which represents 7.65% of the total paid-up share capital, at Rs. 460 apiece.