Stocks in Focus on Sept 20: Adani Enterprises, CEAT, Crompton Greaves & More

By Malvika Gurung — Adani Enterprises (NS:): The flagship company of the ports-to-power conglomerate has raised Rs 100 crore by allotting 1,000 NCDs on a private placement basis.

Natco Pharma (NS:): The pharmaceutical company has received clearance from the Delhi High Court to launch the broadspectrum insecticide Chlorantraniliprole (CTPR) and its formulations for pest management across a wide range of crops.

CEAT (NS:): The tyre manufacturer’s Board of Directors has allotted NCDs amounting to Rs 150 crore on a private placement basis.

Reliance Industries (NS:), TV18 Broadcast (NS:): The statutory body Competition Commission of India (CCI) has approved the merger of Jio Cinema OTT with Viacom18 Media.

Ircon International (NS:): The state-owned railway company has bagged a work order of Rs 256 crore from Mahanadi Coalfields for the development of rail infrastructure for Ananta OCP of Jagannath Area at Talcher. The duration of the project would be for 15 months.

Crompton Greaves (NS:) Consumer Electricals, Butterfly Gandhimathi Appliances (NS:): Crompton Greaves Consumer Electricals will be selling a 6% stake in subsidiary Butterfly Gandhimathi Appliances, translating to about 10.72 lakh equity shares through an OFS at a face value of Rs 10 apiece.

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