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Stocks in the news: RateGain, Yes Bank, Tata Motors, IB Housing and Britannia

17 Dec , 2021   By : monika singh


Stocks in the news: RateGain, Yes Bank, Tata Motors, IB Housing and Britannia

Nifty futures on the Singapore Exchange traded 32.5 points, or 0.19 per cent lower at 17,295, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today's trade:

RateGain Travel Technologies: The software as a service (Saas) player will make their Dalal Street Debut on Friday. The company sold its shares in the range of Rs 405-425 between 7-9 December to raise Rs 1,335.74 crore via IPO. Ahead of the listing, the scrip was commanding a mild premium of Rs 425 in the grey market.


NTPC: The state run power player said it will raise Rs 1,175 crore on December 20, 2021 through issuance of unsecured non-convertible debentures (NCDs) on private placement basis. The proceeds will be utilized for funding of capital expenditure, refinancing of existing loans and other general corporate purposes.

Britannia

 Industries: The leading food company has revamped its largest selling biscuit brand Good Day and as part of that, revealed its new identity. Besides, Britannia is also expanding the product portfolio of its most-penetrated brand Good Day by adding three more variants in the premium segment.

Tata Motors: The homegrown auto major said its bus brand Starbus has crossed the 1 lakh units cumulative sales milestone. The Starbus platform is available in varied configurations to suit a host of applications like staff and school transportation. It is also available as an electric bus and has been successfully running in several cities across India.
Coal India: The state-owned miner said it has drawn up plans to boost coal stock at thermal power plants to over 45 million tonnes (MT) from its own sources by the end of the ongoing fiscal. Coal India Ltd (CIL) is aiming for the highest-ever closing stock at power plants, the PSU said.
Indiabulls Housing Finance: Sameer Gehlaut, promoter of the company sold a nearly 12 per cent stake in the firm through promoter companies to make it a fully professionally managed entity. "I have sold 11.9 per cent in the company with a view to make the company a fully professionally managed and run company, he said.
JSW Steel: The leading Indian steelmaker has declared a special rehabilitation and resettlement (R&R) compensation package for the would be affected people before going ahead with its plans to set up a Rs 55,000 crore steel plant in Odisha's Jagatsinghpur district.
Yes Bank: The private lender plans to raise funds through various instruments, including equity and bonds, and it will seek shareholders' approval in a meeting of the board of directors next week. The bank has, however, not specified how much money it intends to raise.
Zydus Wellness: The pharmaceutical firm said its antimalarial compound ‘ZY19489', which is currently under development with Medicines for Malaria Venture (MMV), has received 'orphan drug designation' from the US Food and Drug Administration.

Engineers India: 
The company inked Memorandum of Agreement (MoA) with Institute of Chemical Technology (ICT) for joint development of technology for large scale cultivation of algae and extraction of value-added products.

Syngene International: The integrated research, development and manufacturing services firm announced an extension of its multi-discipline research collaboration with Amgen Inc, one of the world's leading biotechnology companies, till 2026.
Persistent Systems: ATOSS, a Germany-based software provider for workforce management, has selected Persistent to transform its customer relationship management with the help of salesforce integrations.

Torrent Pharmaceutical: The drug maker said its manufacturing facility at Levittown, Pennsylvania in the US has successfully completed inspection by the USFDA.

CarTrade Tech: 
The multi-channel automotive platform said it plans to deploy up to Rs 750 crore to acquire and invest in companies in the automotive space. It is eyeing companies offering differentiated services and technology in the automotive segment which will help the group digitise the buying and selling journey of vehicles.
Redex Protech: The company has entered as partner in CVM Industrial Park LLP to undertake project of construct warehouses near Baroda with approximately project cost of Rs 100-125 crore.

Dhunseri

 Tea & Industries: The company entered into an Memorandum of Understanding for sale of 'SANTI TEA ESTATE', for Rs 6.01 crore, and entered into an Memorandum of Understanding with Warren Tea, for acquisiti ..



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