Share in News | Reliance, RVNL, Bandhan Bank, VI, & others in NEWS Today

Share in News  Reliance, RVNL, Bandhan Bank, VI, & others in NEWS Today

In this post we are going to talk about from which angle you should keep an eye on the stock on 9th January 2023 Share In News List: Bharat Forge, RVNL, Vodafone Idea, Suzlon Energy, Reliance, Sigachi Industries, JG Chemicals, Aditya Birla Fashion and Retail, Reliance Jio, IDBI Bank, Sah Polymer, Ashoka Buildcon, Keystone Realtors Limited, Rustomjee Group, NFL, Bandhan Bank, Jaiprakash Associates, Jindal Steel and Power Limited, JSPL.

Bharat Forge

General Atomics Aeronautical Systems, a US-based company, and Bharat Forge, an Indian company, have announced a partnership to manufacture main landing gear components, subassemblies, and assemblies for remotely piloted aircraft in India. This partnership aims to boost manufacturing in the country.


The Gujarat Metro Rail Corporation (GMRC) has awarded a project worth ₹ 166 crore to Rail Vikas Nigam Ltd (RVNL), a state-owned company, on Thursday. The project is expected to be completed within 22 months.

Vodafone Idea

Vodafone Idea (Vi) has contacted several lenders, including the State Bank of India, Punjab National Bank, HDFC Bank, and IDFC First, to secure loans totaling more than ₹ 7,000 crore. According to three sources familiar with the matter, the majority of these loans will be used to pay off a portion of Vi’s outstanding debts to Indus Towers.

Suzlon Energy

Vinod R Tanti has been approved by Suzlon Energy’s shareholders to serve as Managing Director, with Girish R Tanti being appointed as Executive Director and Pranav T Tanti as Director.

Reliance (Lotus Chocolates)

Reliance Consumer Products Ltd (RCPL) and Reliance Retail Ventures Ltd (RRVL) intend to acquire an additional 26% stake in Lotus Chocolate through an open offer.

RCPL and RRVL have offered to purchase 33.38 lakh shares of Lotus Chocolate from the open market at a fixed price of ₹115.50 per share. The total cost of the offer, which runs from February 21 to March 6, will be ₹38.56 crore if fully accepted.

Sigachi Industries

Sigachi Industries is seeking to raise funds from promoters and other investors through the issuance of equity or convertible warrants on a preferential basis.

Shares of Sigachi Industries increased 11% in Friday’s trading due to the company’s plans to raise funds through the issuance of equity shares or convertible warrants.

JG Chemicals

JG Chemicals, India’s leading zinc oxide manufacturer in terms of both production and revenue, has submitted initial documents to the Securities and Exchange Board of India (Sebi) to fund their company through an initial public offering (IPO).

According to the draft red herring prospectus (DRHP), the IPO consists of a fresh issue of equity shares worth up to ₹ 202.50 crore and an offer-for-sale (OFS) of 57 lakh (5.7 million) equity shares by the company’s existing promoter group shareholders.

Aditya Birla Fashion and Retail

Aditya Birla Fashion and Retail Ltd (ABFRL) plans to issue bonds on a private placement basis to raise ₹ 500 crore.

The company has proposed to raise funds by issuing 5,000 listed, unsecured, rated, redeemable non-convertible debentures (NCDs) of a face value of ₹ 10 lakh each, for a total of ₹ 500 crore on a private placement basis on or after January 13, 2023,” the Aditya Birla group firm said in a regulatory filing.

Reliance Jio

Reliance Jio, the leading telecom operator, has announced that it will roll out its 5G services across India by December 2023. In addition, the company has launched its True 5G services in four more cities: Gwalior, Jabalpur, Ludhiana, and Siliguri. As a result, Jio’s True 5G services are now available in 72 Indian cities.


The govt and LIC’s sale of their strategic stake in IDBI Bank will proceed to the 2nd stage. Multiple expressions of interest have been received, according to the DIPAM Secretary. Both the government and LIC aim to divest a combined 60.72% stake in the Mumbai-based bank.

Sah Polymer

The Sah Polymers Ltd initial public offering (IPO) received 17.46 times the number of bids as the total public issue worth ₹66.30 crore during the four-day subscription period from December 30, 2022 to January 4, 2023. The retail portion of the IPO was subscribed 39.78 times during this period. The IPO allotment date is tentatively scheduled for January 9, 2023.

Ashoka Buildcon 

Ashoka Buildcon Limited has announced that it submitted a bid to Dakshinanchal Vidyut Vitran Nigam Limited for several projects.

The company will be responsible for the development and improvement of distribution infrastructure in the Aligarh-2 Zone (which includes the electricity distribution circles of Etah and Kasganj in the districts of Etah and Kasganj) in the state of Uttar Pradesh. This will be done through the use of GPS survey, design, supply, installation, GIS mapping, testing, and commissioning of loss reduction measures on a turnkey basis under the revamped distribution sector scheme (RDSS).

Rustomjee Group

Mumbai-based real estate firm Keystone Realtors Limited (part of the Rustomjee Group) has been chosen to redevelop a plot of land measuring approximately 16,896.40 square meters in Chembur, Mumbai, Maharashtra. The plot is currently home to the Basant Park Co-operative Housing Society Limited.


The company recorded a total sale of 49.71 lakh metric tons (MT) of fertilizers during this period, surpassing its target for the fiscal year. This growth can be attributed to the increased demand for fertilizers due to good monsoon and increased acreage under cultivation.

NFL‘s urea sales also recorded a growth of 21% during this period, with a total sale of 32.68 lakh MT. The company’s DAP and complex fertilizers also recorded a growth of 43% and 29%, respectively.

Jaiprakash Associates

Jaiprakash Associates, a flagship company of the Jaypee Group, has defaulted on loans totaling ₹ 4,059 crore, including both the principal and interest.

Jaiprakash Associates Ltd (JAL) stated in a regulatory filing that the company defaulted on the repayment of ₹ 1,713 crore in principal and ₹ 2,346 crore in interest on December 31.

Bandhan Bank

Bandhan Bank, based in Kolkata, reached the milestone of more than ₹1 lakh crore in both deposits and loans & advances during Q3 of the fiscal year 2023. The bank experienced double-digit growth in both total advances and deposits compared to the previous year. However, CASA deposits saw a decrease during the quarter. The bank released its provisional data for Q3 of fiscal year 2023 on Saturday.


Jindal Steel and Power Limited (JSPL) will invest ₹ 1,500 crore to operate the recently acquired Monnet Power Project, its managing director Bimlendra Jha said.

The money will be invested in the next 12 to 18 months.

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