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Stocks in News Today

March 17, 2022

Gufic Biosciences | The company has incorporated a wholly owned subsidiary firm – Gufic UK, to expand its pharmaceutical business in United Kingdom.

BEML | The board on March 22 will consider an interim dividend for FY22 on equity shares, if any. The record date for payment of interim dividend is fixed as March 30.

Yasho Industries | The specialty and fine chemicals maker has received board approval for a capital expenditure of Rs 350 crore in Phase 1 for its greenfield project at Pakhajan (Dahej), Gujarat. The company intends to manufacture lubricant additives and rubber chemicals with a total capacity of 15,500 MT per annum in phase 1 at this new facility.

Indiabulls Housing Finance |The board on March 22 will consider raising of funds via bonds, in one or more tranches, on private placement basis.

Coastal Corporation | The board on March 29 will consider a proposal to issue equity shares to the existing shareholders on rights basis.

Glaxosmithkline Pharmaceuticals | The company has completed the transaction for sale of its trademarks pertaining to ‘lodex’ and ‘Ostocalcium’ brands in India to GlaxoSmithKline Asia Private Limited.

OIL India | The firm said subsidiary Numaligarh Refinery will invest Rs 6,555 crore for implementation of petrochemical project at Numaligarh, Assam.

Mahindra & Mahindra: The company said it will increase its stake in Carnot Technologies Pvt Ltd to 52.69 per cent with an investment of around Rs 14 crore.

IOC: Indian Oil Corporation (IOC), the nation’s top oil firm, has bought as much as 3 million barrels of crude oil that Russia had offered at a steep discount to prevailing international rates, sources said.

JSW Energy: The company said JSW Renew Energy (Kar), JSW Renewable Energy (Dolvi), JSW Energy (Kutehr) and JSW Hydro Energy have become wholly-owned subsidiaries of JSW Neo Energy (JSWNEL).

Adani Power: The company said it has completed the acquisition of Essar Power’s 1,200 MW thermal power project in Mahan, Madhya Pradesh.

Reliance Capital: Reliance Capital said its chief executive officer Dhananjay Tiwari has resigned. The date of his cessation is March 15, 2022, the company said in a regulatory filing, without citing the reason for Tiwari’s resignation.