Stocks that are likely to record significant movement on bourses today
Reliance Industries: Reliance Industries Limited completes the acquisition of equity shares of IMG- R. Accordingly, IMG-R has become a wholly-owned subsidiary of the company.
UPL: UPL has completed the pre-payment of US$410 million of 3.25 per cent senior notes due October 2021. The prepayment, which concluded on December 28, 2020, was done using the cash on its balance sheet. This prepayment is in line with its commitment to reduce the debt.
Indiabulls Housing Finance: The company has made timely payment of the interest/principal (as the case may be) in respect of secured redeemable non-convertible debentures (NCDs) issued by the company.
CEAT: India Ratings & Research (Ind- Ra), a rating agency has withdrawn the credit ratings, which were assigned to CEAT Specialty Tyres Limited (CSTL), the erstwhile wholly-owned subsidiary of CEAT Limited that got amalgamated with CEAT with effect from September 1, 2020. Since CSTL's bank facilities have been fully repaid by CEAT Limited consequent to the merger, Ind-Ra is no longer required to give analytical coverage to the ratings and thus, confirmed its withdrawal.
Jindal Steel: Indian Railways awards 'Regular Supplier' status to JSPL for 60 kg 880 grade (90 UTS) rails.
Jindal Stainless: Mega stainless-steel entity to take shape with the merger of Jindal Stainless (Hisar) into Jindal Stainless Limited. The shareholders of Jindal Stainless (Hisar) shall be issued equity shares of Jindal Stainless Limited in the ratio of 1: 1.95.
NDTV: The company will appeal urgently against an order dated December 29 by SEBI, imposing a penalty of Rs 5 crore on the company under Section 23E of Securities Contracts (Regulation) Act, 1956 for alleged non-disclosure of the loan agreements entered into in 2009- 2010 by the founders with Vishvapradhan Commercial Private Limited (VCPL).