Stocks in the news: HP Adhesives, RIL, Aster DM, Lupin, IDBI Bank and RBL Bank

HP Adhesives: The adhesive and sealant company will make its Dalal Street debut on Monday. The company raised Rs 125.96 crore via its primary offering between December 15-17 as the company sold its share in the range of Rs 262-274 apiece.


Reliance Industries: Oncology-focussed managed healthcare platform Karkinos Healthcare has received an undisclosed amount of investment from Reliance Digital Health, a statement said. The start-up, backed by Ratan Tata personally and the Tata Group.

RBL Bank: The private lender’s Vishawvir Ahuja has stepped down as MD & CEO of the bank, and the bank has appointed Rajeev Ahuja as as the interim Managing Director and Chief Executive Officer of the bank with immediate effect.

Lupin: The drug firm said it has received approval from the US health regulator to market Sevelamer Carbonate for Oral Suspension, used in the control of serum phosphorus with chronic kidney disease (CKD) on dialysis.

Canara Bank: The state owner lender said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees. The bank has successfully raised Basel-III compliant tier-II series I bonds.

Adani Transmission: The Adani Group firm has received the Letter of Intent (LoI) for the acquisition of a renewable energy evacuation system under Khavda-Bhuj Transmission Ltd, with an estimated capex of more than Rs 1,200 crore.

VST Tillers Tractors: The country’s largest manufacturer of power tillers meeting nearly two-thirds of demand, is expecting to close this fiscal with a record topline of Rs 1,000 crore on better sales of its cash-cow tillers and rising demand for its compact tractors.

Aster DM Healthcare: The Dubai-based hospital chain is among the largest private sector healthcare chains in the Gulf region as well as in the country, is increasing its focus on India with a target of netting half of the revenue from here over the next five years and plans to hive off its GCC operations into a separate entity, the chairman has said.

GMR Infrastructure: The infra major said it has signed shareholders agreement with Indonesia’s Angkasa Pura II for the development of Medan Airport on December 23. GMR Airports, a part of the GMR group, had in November won the bid for this high growth potential brownfield airport, through a closely contested international competitive bid process.

IDBI Bank: For the strategic sale of IDBI Bank, the government is gearing up to soon invite Expression of Interest from the interested entities to acquire the LIC-controlled lender. In May, the Cabinet had given in-principle approval to IDBI Bank’s strategic disinvestment along with transfer of management control.

IRCON International: The railway player announced incorporation of a wholly-owned arm named ‘Ircon Ludhiana Rupnagar Highway Limited’ as a special purpose vehicle (SPV) for construction of a national highway project in Punjab.

Kabra ExtrusionTechnik: The The board of industrial machinery player has approved a proposal to raise up to Rs 301 crore for the expansion of its future technologies brand Battrixx, the company said.

Aditya Birla Money: The financial services has allotted 16 lakh non-convertible preference shares to its promoter

for Rs 80 crore, the company said.


Visagar Polytex: The company approved raising of funds of Rs 49.75 crore through Rights Issue of equity shares up to 29.27 crore in the ratio of 1:1.

Realty: The smallcap real estate player has seen an upgrade for its long term rating. CARE has upgraded the credit rating of the long-term banks facilities to ‘BBB; Stable’ from ‘BBB-; Stable.


Banas Finance: The microcap diversified commercial services company has approved raising of funds up to Rs 49.80 crore through Rights issue.