28th Aug, Opening Bell

Market opened positively in line with SGX Nifty.
Today's closing will decide whether its a bounce back or will continue it's next leap.

🎯 News & Impact 🎯

🎯 DLF :
GIC to acquire 33.3 percent stake in DLF rental arm for Rs 8900 crore.
Positive for the stock.

🎯 Reliance :
Reliance Industries and its partner BP plc of the UK plan to use a floating production system at high-sea in the Bay of Bengal to bring to production the deepest gas discovery in the flagging KG-D6 block.

🎯 Inox Wind :
Inox Group and Acme Group which bade the country’s lowest solar and wind tariffs respectively this year now plan to exit the projects.

🎯 Future Enterprises :
Future Enterprises approves the OFS of shares of its subsidiary co, Future Supply Chain Solutions and participation of the company upto 5 % of paid up capital of FSCSL.

🎯 Capital First :
Company has raised Rs.200 crore by issue of NCD's on private placement basis.

🎯 Bank of Baroda : 
BoB has snapped up its first marquee client from the private equity space, Kohlberg Kravis Roberts & Co's India unit, with a line of credit for Rs 2,000 crore.

🎯 CESC :
The demerger of Sanjeev Goenka-owned CESC into four businesses -power, generation, retail and others -would lead to value unlocking, especially of its power and generation businesses, and strong cash generation, which will be used to diversify into unrelated business.

🎯 Meghmani Organics : 
Company has incorporated a wholly owned subsidiary namely, Meghmani Agrochemicals on August 23, 2017.

🎯 Lumax Auto :
Company has signed a JV Agreement with Francisco Albero S.A.U., Spain to manufacture and supply Oxygen Censors to the Indian automotive industry.

🎯 Rubfila International :
Company successfully commissions the expanded capacity of sixth line for manufacturing Heat Resistant Latex Rubber Thread.

🎯 REC :
Company enters into MOU Maharashtra State Power Generation Co. for extending financial assistance to the tune of 13,000 crore.

🎯 Essar Shipping :
Company withdraws intimation of conversion of FCCB's into equity shares.

🎯 IL&FS :
Company plans Rs.6000 crore bond issue to refinance debt.
Positive for the stock.

🎯 Kotakbank :
CPPIB to call off JV with Kotak group for stressed assets in India.
Negative for the stock.

🎯 Dhampur Sugar :
CARE Ratings has revised and upgraded the Credit Rating from Care BBB (Triple B Plus)' with Stable Outlook to Care A-.
Positive for the stock.

🎯 Suzlon :
CARE upgrades Long Term Rating of Suzlon Global Services to A.

🎯 Emco :
A media report suggested that Asia-focused investment firm SSG Capital Management is interested in acquiring a stake in transformer maker Emco.

Edited by Sharp.
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