Top 11 stocks in focus: Syndicate Bank, Coal India, Minda Industries
Check out the companies which will be in focus during trade today based on recent and latest news developments.
Minda Industries Ltd: The company has announced that the Board of Directors of the Company at its meeting held on June 28, 2016 has considered and approved Sub-division (stock split) of equity shares of the Company. One Equity Share of the Company, having a face value of Rs. 10 each will be divided into five Equity Shares of face value of Rs. 2 each.
Jammu & Kashmir Bank Ltd: The bank has announced that following Directors such as Dalip Kumar Kaul,Khaver Alam Jeelani, Vikrant Kuthiala have tendered their resignations from the Directorships of the Bank due to personal reasons with effect from June 29, 2016:
Syndicate Bank: ICRA has reaffirmed the [ICRA]AA+(hyb) (Pronounced ICRA double A plus hybrid) rating for the Rs.3,250.00 crore1 Basel III compliant Tier-II Bond Programmes of Syndicate Bank.
Dhanlaxmi Bank Ltd: The Board of Directors of the Company will be held on July 04, 2016, inter-alia to consider the proposal for raising further equity shares on preferential allotment basis and seek shareholders’ approval for the same.
L&T: With reference to the earlier announcements dated April 12, 2016 and June 28, 2016 in relation to the proposed Initial Public Offering of Equity Shares of the Company's Subsidiary, L&T Infotech, Larsen & Toubro Ltd has announced that the Price Band has been fixed between Rs. 705 to Rs. 710 per equity share. A discount of Rs. 10 per equity share will be offered to retail individual bidders.
Future Enterprises Ltd: The company has announced that the Committee of Directors of the Company at their meeting held on June 29, 2016, has considered, approved & allotted of 750,10.25% Secured Redeemable Non-Convertible Debentures ("NCDs") of Rs. 10 lakh each, aggregating to Rs. 75.00 crore, on private placement basis.
Axis Bank: The company announced the launch of 'Thought Factory' an innovation lab facility aimed at accelerating the development of innovative technology solutions for the banking sector.
GAIL India Ltd: The company has begun supplying gas to the India unit of the Wanfeng Group, according to reports.
Sree Sakthi Paper Mills Ltd: The company announced that in compliance of directions dated June 27, 2016 received from Kerala State Pollution Control Board, Environmental Surveillance Centre, Ernakulam- 683501 to stop the operation of the unit and to stop the discharge of effluenct into river, the Company has stopped production at the Kraft paper unit I & II at Edayar from June 28, 2016 evening.
LT Foods Ltd:The Company has incorporated a subsidiary named as "LT Foods International Limited" in United Kingdom for strengthening its presence in Europe.