DLF said a panel constituted by its board has approved a proposal to raise up to Rs 1,000 crore.
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RIL, IOC, BPCL and HPCL: Shares of refiner Reliance Industries and oil marketing companies BPCL, IOC and HPCL will be in focus, as oil prices fell by the most since 1991 after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak.
YES Bank, SBI: State Bank of India (SBI) announced it will pick up a 49 per cent stake in Yes Bank for Rs 2,450 crore and clarified that all the deposits and liabilities of the reconstructed bank will continue in the “same manner”. The bank has set a maximum investment limit of Rs 10,000 crore for the lender, its Chairman Rajnish Kumar said on Saturday.
Indiabulls Housing Finance: The housing finance company said Yes Bank owes Rs 662 crore in the form of bonds to the company and it has no term loans outstanding from the lender.
IndusInd Bank: Private sector lender IndusInd Bank announced a deferment of its plans to raise funds using additional tier-1 instrument.
SAIL: State-owned Steel Authority of India Ltd (SAIL) is in talks with the Indian Railways for an order to supply about 15.5 lakh tonnes of rail in the next financial year, a company official said.
DLF: Realty major DLF said a panel constituted by its board has approved a proposal to raise up to Rs 1,000 crore through issue of non-convertible debentures.
RCom: Resolution professional of Reliance Communications has approached the National Company Law Tribunal with a resolution plan approved by the creditors of the telecom firm under the insolvency and bankruptcy code, according to a regulatory filing.
BPCL: In the country’s biggest ever privatisation drive, the government invited bids for sale of its entire 52.98 per cent stake in India’s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL).
Tata Steel: The Tata Group company, which has been sourcing consumables from China, has started placing orders for materials in alternative markets in the wake of coronavirus outbreak in the neighbouring country, a top official said.
Cox & Kings: Yes Bank was the biggest lender to loan defaulter travel firm Cox & Kings with total claims of over Rs 2,285 crore, according to a list of financial creditors prepared by the resolution professional of the debt-ridden firm.
Mukta Arts: Mumbai-based film production company Mukta Arts, which runs multiplex chain under the brand name ‘Mukta A2 Cinemas’, plans to add around 25 screens by 2021 taking its total count to around 100 screens, according to a top company official.
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