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Here’s an inventory of shares which may be in information on Tuesday:
Bajaj Finance: Consumer durables financier Bajaj Finance Ltd could contemplate further accelerated provisioning for covid-19 within the first quarter of FY21 to additional strengthen its stability sheet. In the March quarter of FY20, Bajaj Finance had put aside ₹900 crore as provisions for covid-19, main to a 19.4%% year-on-year (y-o-y) decline in consolidated internet revenue at ₹948.1 crore.
Bandhan Bank: The lender’s loans and superior for the June quarter stood at ₹74,325 crore, up 18% year-on-year, whereas complete deposits elevated 35% to ₹60,602 crore.
Shriram Transport: Commercial autos financier Shriram Transport Finance Co Ltd (STFC) on Monday mentioned that it has mounted a value of ₹570 per share for its proposed rights concern, by means of which the lender plans to elevate up to ₹1,500 crore. The rights concern share value is a 18% low cost to STFC’s closing value of ₹697.5 apiece on Monday, on the BSE.
HUL: In an interim reduction to Hindustan Unilever (HUL), which just lately dropped the phrase ‘Fair’ from its pores and skin cream for males and renamed it ‘Glow & Handsome’, the Bombay High Court on Monday mentioned FMCG agency Emami, that has its personal ‘Glow and Handsome’ cream, shall give HUL seven days prior discover earlier than initiating authorized proceedings on logos.
Godrej Consumer: FMCG agency Godrej Consumer Product Ltd (GCPL) expects a “mid-single-digit, volume-driven sales growth” within the April-June quarter of FY21, when the lockdown was enforced to deal with the unfold of the coronavirus pandemic. The Godrej group agency has witnessed a “strong recovery” from mid-May and June throughout many of the markets, the place it operates.
PVR: The firm’s ₹300 crore rights concern will open from 17 July to 31 July. The rights concern value has been mounted at ₹ 784 per fairness share whereas the entitlement ratio is 7 absolutely paid-up fairness shares for each 94 fairness share held by eligible shareholders as on the report date i.e. 10 July.
Punjab National Bank: State-owned Punjab National Bank (PNB) mentioned its board will contemplate a proposal to elevate capital by means of a mixture of each fairness and debt on July 9. Besides, the board will clear opening stability sheet of the amalgamated financial institution as on April 1, which is put up amalgamation of Oriental Bank of Commerce and United Bank of India into PNB, the financial institution mentioned in a regulatory submitting.
Max Financial Services: IDBI Trusteeship Services Limited has launched 12.5 lakh pledged shares of Max Financial Services (MFSL). “12,50,000 shares of MFSL were released by the Trustee to the promoter group on the instructions of the lender on account of release event in terms of the loan agreement, resulting in reduction in the number of pledged shares,” MFSL mentioned within the regulatory submitting.
Petronet LNG: The nation’s largest liquefied pure gasoline infrastructure firm will arrange 1,350 LNG meting out stations throughout main nationwide highways to broaden its enterprise, after the federal government final month allowed advertising and distribution of LNG by any entity.
Greaves Cotton: Ampere Vehicles, the electrical automobile arm of Greaves Cotton, has acquired 74% stake in Noida-based electrical three-wheeler producer Bestway Agencies Pvt. Ltd. (BAPL) for an upfront money consideration of ₹7 crore.
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