Stocks in the news: YES Bank, LVB, CG Power, Religare Enterprises and DLF

Independent director Supriya Prakash Sen has resigned from LVB board.

Religare Enterprises has agreed to sell its entire stake in NBFC arm Religare Finvest.
NEW DELHI: Nifty futures on the Singapore Exchange were trading 18.50 points, or 0.16 per cent, lower at 11,337, indicating a negative start for Dalal Street. Here are a few stocks which may buzz the most in today’s session:

YES Bank: The bank on Wednesday said the crash in its stock price on Tuesday was primarily on account of “forced sale” of 10 crore equity shares, which comprised 3.92 per cent of the bank's equity share capital.

Lakshmi Vilas Bank (LVB): Independent director Supriya Prakash Sen has resigned from its board on personal grounds.


CG Power & Industrial Solutions: The company board has initiated the process to remove the Gautam Thapar-led Avantha Holdings, now owning an insignificant stake, as the company’s promoter in the wake of its alleged role in financial irregularities at the power-equipment maker.

Religare Enterprises: The company has agreed to sell its entire stake in NBFC arm Religare Finvest to asset management company TCG Advisory Services for Rs 330 crore, the financial services company has said in a stock exchange filing.

DLF: The developer has settled the entire Rs 8,700 crore dues to DLF Cyber City Developers, its joint venture with Singapore-based GIC, by transferring various completed commercial properties and land parcels as well as cash payment.
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DHFL: Lenders to bankrupt mortgage firm Dewan Housing Finance Limited ( DHFL) may have to take up to 30% haircut on their loans even as the company had in its resolution plan promised a full payout of its debt over 10-20 years.

Indraprastha Gas:
The company has cut prices of CNG by Rs 1.90 per kg in Delhi and Rs 2.15 per kg in Noida, Greater Noida and Ghaziabad,

SBI, Bank of Baroda: The two banks have limited cash withdrawals by customers using micro-ATMs of other banks to just four times a month in what could cause transactions via the Aadhaar-enabled Payment System route to fall,

Mawana Sugars: The company said it will engage experts and merchant bankers to explore business reorganisation so as to attract domestic and global investors.

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GAIL: The state-owned firm and its affiliates have set a target to provide 11.44 lakh piped cooking gas connections in the current fiscal as they chase what now looks like a highly improbable target of connecting one crore households with environment-friendly fuel by next year.

Raymond: The company is aiming to have a retail network of around 2,000 stores across all its brands in the domestic market by 2021, as the fabric and fashion retailer expands in smaller towns, a top company official said.

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OTHERS

Bharat 22 ETF: The government will launch the fourth installment of Bharat-22 Exchange Traded Fund (ETF) on Thursday, which is expected to help the exchequer garner up to Rs 8,000 crore from investors.

IRCTC IPO: The initial public offer (IPO) by state-run IRCTC will conclude on Thursday. The issue has been subscribed 3.25 times so far.

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