Friday, 24 March 2017

Stocks In The News: Bharti, Yes Bank, NHPC, Majesco, IDBI, Reliance Comm, Ujaas Energy

Yes Bank QIP closes

-Subscribed over 2.5x

-QIP at Rs 1,500 per share

Bharti Airtel

-To acquire Tikona Digital Networks’ 4G business for Rs 1,600 crore

-Tikona 4G business buy to boost spectrum holding in Gujarat & Himachal Pradesh

-Post Tikona 4G buy, company to have 30 MHz in 2300 MHz band in 13 circles

Ballarpur Industries

-Ripples of US tariffs hurt Ballarpur Industries

-Losses of domestic paper makers have jumped 5 times in 12 months

Prestige Estates

-Board identifies 3 units to be apex entities: commercial, retail & hospitality

-Company to transfer assets, shares of units to 3 entities identified

-Group proposes to acquire remaining 50 percent stake in Sai Chakra Hotels

-Group proposes to acquire Prestige Falcon Retail Ventures from promoters

-Group proposes to acquire up to 49 percent in Dashanya Tech Park

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