Dewan Housing Finance (DHFL): The firm is alleged to have offered about Rs 5,000-7,000 crore of its loans to the State Bank of India, a transaction that ought to assist restore investor confidence in NBFCs that are at the moment battling tight liquidity situations.
PNB Housing, PNB: US non-public fairness investor The Carlyle Group and staterun Punjab National Bank have scrapped their deliberate stake sale in housing finance unit PNB Housing Finance Ltd as bidders seem like going again on their proposal following halving of valuation of the mortgage lender in current months, stated individuals conversant in the developments.
Zee Entertainment: After two months of robust negotiations, Subhash Chandra-promoted Zee Entertainment Enterprises (ZEE) and Mukesh Ambani’s Reliance Jio have smoked the peace pipe and signed settlement on the industrial phrases the place ZEE will begin sharing its content material library in addition to 37 stay TV channels with fast impact. The firm shall be out with its quarterly numbers on Wednesday.
Garden Reach Shipbuilders & Engineers: The firm is slated to get listed on the BSE and the NSE on Wednesday. Earlier, the preliminary public supply (IPO) of the firm was subscribed 1.02 instances The Rs 345-crore IPO acquired bids for two,97,58,920 shares towards the complete subject measurement of two,92,10,760, knowledge out there with the NSE confirmed.
State Bank of India (SBI): The lender will improve its portfolio buy of loans from non-banking finance firms (NBFCs) this yr, because it appears to supply much-needed liquidity to the funds-starved sector, and concurrently fulfil its priority-sector obligations.
Bandhan Bank, Indiabulls Ventures: Uttam Galva Steels, Zee Entertainment, Bandhan Bank and Indiabulls Ventures are 4 BSE-listed corporations which is able to announce their quarterly outcomes on Wednesday.
Bank of Baroda: Bank of Baroda’s (BoB) loans to debt laden infrastructure agency IL&FS are performing as of now, stated PS Jayakumar, managing director and chief govt officer of the financial institution with out divulging particulars of the extent of publicity to IL&FS.
Tata, Adani Power: Relief is in sight for Rs 50,000 crore mega imported coalbased initiatives of Tata Power, Adani Power and Essar Power with an skilled committee recommending that gasoline value must be handed on to shoppers prospectively and that the firms ought to have the possibility to increase energy buy contracts by 10 years.
NLC India: The firm board accredited the proposal to buyback of 14,19,31,818 fairness shares at a price Rs 88, for an mixture consideration not exceeding Rs 1,248 crore.
Dr Reddy’s Labs: The firm has launched Colesevelam HCI Tablets, USP, a therapeutic equal generic model of WELCHOL (colesevelam HCI) tablets in the US . The model and generic had US gross sales of roughly $471 million MAT for the most up-to-date twelve months.
S Group shares: The Serious Fraud Investigation Office (SFIO) has zeroed in on 5 group corporations of Infrastructure Leasing & Financial Services (IL&FS) for culpable fund diversion and mismanagement. These are IL&FS Transportation Networks Ltd, IL&FS Financial Services, IL&FS Energy Development, IL&FS Tamil Nadu Power and IL&FS Engineering and Construction.
Forthcoming board conferences