Stock Market

Stocks to watch: L&T, IFCI, GAIL, Brigade, GNA Axles, IL&FS Engg

Here are stocks that will be in news on Monday: L&T
-Gets shareholder nod to appoint SN Subramanyan as deputy MD & president
-Gets shareholder nod to raise funds via bonds or qualified institutional placement (QIP) for up to Rs 3,600 crore
-Gets shareholder nod to issue non-convertible debentures (NCDs) of up to Rs 6,000 crore

Canara Bank
-To issue foreign currency bonds worth USD 500 million
-To raise additional equity of up to Rs 1,128 crore via rights issue

Rain Industries
-Commenced operations at waste heat recovery based power plant
-Power plant project completed at cost of Rs 70 crore

Oriental Bank of Commerce consortium
-Seek IndiGo & Go Air payments to Airbus
-Seeks pre-delivery payment by Go Air & IndiGo to be deposited to consortium
-Consortium has already attached Rs 196 crore of Kingfisher Airlines
-Go Air & IndiGo file objections to OBC’s interlocutory application

Yes Bank on QIP withdrawal
-Deferred QIP due to market conditions
-Company victim of market circumstances
-Confident that proposed QIP will be consummated sooner than later

Supreme Court
-Directs RBI, Finance Ministry, SEBI to probe IFCI ‘s MCX-SX stake buy
-Directs RBI, Finance Ministry, SEBI to probe IFCI’s exposure to Satyam

Essar Power
-Essar Power loses coal mine for failing to clear payment: ET
-Company has also been barred from bidding in coal block auctions for a year

Department of Telecom
-Release list of final bidders for auctions;
-All 7 telecom companies eligible

Other stocks and sectors that will be in news on Monday:
-Listing: GNA Axles
IL&FS Engineering gets shareholder nod to issue securities up to Rs 500 crore
JM Financial board approves allotment of 6.25 lakh equity shares worth Rs 79.2 crore
Tata Power ‘s plan to sell Indonesian arms hits valuation hurdle: BS
-Blackstone, DLF , RMZ could take REIT route soon: BS
Ujaas Energy seeks shareholder nod to offer securities of up to Rs 500 crore via foreign currency convertible bonds (FCCBs)
GAIL gets shareholder nod for private placement of securities
Brigade Enterprises incorporates Brigade Hotel Ventures & Augusta Club as subsidiaries
Indo Amines board to consider merging Classic Oil with company on October 4
Dena Bank issued Basel III compliant Tier 2 bonds worth Rs 400 crore on September 20
GOCL Corporation gets shareholder nod for issue of further capital
KNR Constructions board to consider sub-division of shares on September 30
Piramal Enterprises board to consider early redemption of NCDs on October 10
Kwality promoter Sanjay Dhingra creates pledge on 2.97 percent stake
Asian Oilfield Services board to consider options for raising funds including rights issue on September 28
Tamilnadu Steel Tubes gets shareholder nod to borrow up to Rs 25 crore (market capitalisation Rs 28 crore as of September 23)