After snapping the three-day losing streak, the key benchmarks closed in the green on Friday, December 27, 2019, amid positive global cues. Fund infusion by the government in some state-run banks also boosted sentiment. Buying was widespread with banks making the biggest up moves. However, some stocks came in news after the market was closed for trading purposes and can impact the indices when they will reopen on Monday, December 30, 2019. Here is a list of five such stocks:

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Prince Pipe Listing: The polymer pipes and fittings manufacturer will make a debut on the exchanges today, December 30, 2019. The issue was sold in the price band of Rs177-178. The company had the plan to raise Rs500 through the IPO. It intended to raise Rs 250crore in fresh equity and sell Rs250 crore worth of existing equity shares. 

 

Reliance Capital: Insurance Regulatory and Development Authority of India has cancelled pledge enforcement of Reliance General Insurance Company Ltd's (RGICL), a 100% subsidiary of Reliance Capital Limited (RCAP), shares by Credit Suisse and Nippon India MF. IRDAI ruling has protected the interest of all lenders and debenture holders of RCAP. This will now help RCAP to monetise its stake in RGIC and to reduce its debt. The sale of RGICL's shares is expected to fetch Rs6,000 crore for RCAP lenders, which is almost 40 per cent of the total RCAP secured debt. Besides, the company has said payment of interest/principal obligations for non-convertible debentures (NCD) due on December 28, 2019, has been delayed.

 

Cadila Healthcare: The company has informed the exchanges and investors that reports about Cadila Healthcare Ltd's plans to sell two of its divisions are a speculative one. The company has no such plans.

 

Bharti Airtel: The telecom giant has raised the minimum monthly recharge for prepaid users to Rs45 from Rs35 with immediate effect from Sunday. This means that the prepaid users will have to recharge with a voucher of Rs45 or above in every 28 days to avail the services.

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Snowman Logistics/Adani Ports/ Gateway Distriparks: Adani Logistics, a wholly-owned subsidiary of Adani Ports and Special Economic Zone Limited (“APSEZ”), has signed definitive agreement to acquire 40.25% stake in Bengaluru-based Snowman Logistics from Gateway Distriparks Ltd for Rs296 crore. The deal was put through at Rs 44 per share. As part of the transaction, Adani Logistics will make a mandatory open offer as per the Substantial Acquisition of Shares and Takeover Guidelines, 2011 for a maximum 26% of the public shareholding in the Snowman Logistics.