1 min read.Updated: 27 Mar 2020, 08:22 AM ISTIshita Guha
Lupin has appointed Ramesh Swaminathan as chief financial officer and head of corporate affairs
NTPC has signed a share-purchase agreement with the Centre to acquire NEEPCO and THDCIL
Here is a list of top ten stocks that may be in focus on Friday:
Yes Bank: The private lender on Thursday said its board has approved raising funds amounting to ₹5,000 crore, in addition to ₹10,000 crore cleared in January, through issuance of securities. The board of the bank has also been reconstituted.
NTPC: The state-owned company on Thursday said it has signed a share-purchase agreement with the central government to acquire North Eastern Electric Power Corporation Ltd (NEEPCO) for ₹4,000 crore and THDC India Ltd (THDCIL) for ₹7,500 crore. The acquisition of both is subject to regulatory approvals.
Lupin: The pharma major on Thursday said it has appointed Ramesh Swaminathan as chief financial officer (CFO) and head of corporate affairs. Swaminathan will also join the board of the drug maker as executive director, according to a regulatory filing.
Piramal Enterprises: The Ajay Piramal-led company on Thursday said ratings agency CARE has assigned a rating of CARE AA with a stable outlook for the firm’s non-convertible debentures (NCDs) worth ₹1,000 crore.
ICICI Bank: The private lender on Thursday said it has inked a deal to acquire 9.9% stake, or 34.1 million equity shares, in non-bank Auxilo Finserve Pvt Ltd for ₹511 million.
PVR: The media and entertainment company on Thursday said its non-executive director Vishal Kashyap Mahadevia has resigned with immediate effect citing pre-occupancy and personal reasons.
Finolex Industries: The pipe manufacturing company on Thursday said it has suspended operations at all plants, offices and warehouses at various locations till 14 April as per the Centre’s order of a complete lockdown due to the coronavirus outbreak.
United Spirits: The liquor maker on Thursday said it has closed operations at all its offices and manufacturing units till 14 April to prevent the spread of coronavirus.
Arvind Fashions: The company on Thursday said its board has decided to defer raising of funds through rights issue as the government has imposed a lockdown to contain the spread of coronavirus. It did not specify a new date for fund raising.
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