Jet Airways, Lanco Infratech, Videocon & ICICI Sec among top stocks to track today
ICICI Securities: ICICI Prudential Mutual Fund has sold a portion of the ICICI Securities stake it bought to allegedly bail out the group company’s initial public offering, ET reported citing sources.
Lanco Infratech: The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Lanco InfratechNSE -7.14 %, after the infrastructure firm’s committee of creditors rejected a revised resolution plan from Thriveni Earthmovers.
JBF Industries: The company's board has approved a debt restructuring plan for its subsidiary JBF Petrochemicals. KKR Jupiter Advisors has agreed to buy out a 100 percent stake in JBF Petrochemicals.
Adani Power: According to news reports, The company is nearing a deal to acquire a 1,370-megawatt thermal power plant backed by GMR Infrastructure. Adani Power will take over about Rs 3,800 crore of loans out of a total of Rs 5,800 crore that GMR Chhattisgarh Energy owes, the report added.
Colgate-PalmoliveNSE -1.02 % India: The FMCG major on Monday said its board has appointed Mukul Deoras as chairman of the company with effect from September 1, 2018. He replaces Vinod Nambiar.
SAIL: The company is considering locations in three states of Gujarat, Andhra Pradesh and Maharashtra to set up Rs 5,000 crore auto grade steel plant in joint venture with ArcelorMittal.
Oriental Bank of Commerce: The bank's board will consider QIP on August 30 to raise Rs 1,000 crore.
Power companies: The Allahabad High Court declined to give private power companies any interim relief on the RBI circular that tightened bad loan norms on Monday, the deadline for finalizing resolution plans for the stressed assets. The court suggested the government could use a special dispensation that has never been used before to give directions to the central bank, said an ET report.
NESCO: BMC has decided to allow NESCO to hold events, exhibitions at the premises, according to an ETNOW report.
