Stocks in news: IRCON, IDFC First Bank, Adani Ports, Network18, Paytm
IRCON
The union government has proposed to sell 8% equity in IRCON International through an offer for sale (OFS), which opens today.
Network18
With a view to consolidate the television and digital news businesses, Network18 Group has proposed the merger of TV18 Broadcast Ltd with Network18 Media & Investments Ltd through a share swap deal.
IDFC First Bank
Global private equity firm Warburg Pincus is looking to sell $100 million worth of stake in IDFC First Bank through block deals on Thursday, according to news reports.
Adani Ports
The Board of Adani Ports will meet on December 12 to consider a fundraising proposal through issuance of non-convertible debentures and non-cumulative redeemable preference shares.
RITES
RITES has signed a memorandum of understanding (MoU) with Meghalaya Industrial Development Corporation Ltd (MIDC) to develop multi-modal logistics projects in Meghalaya.
Brigade Enterprises
The company has entered into a joint development agreement with the land owner to develop a premium ‘A Grade’ office space at Sankey Road in the Central Business District (CBD) of Bengaluru
Dr Reddy’s
Coya Therapeutics Inc and Dr Reddy’s Laboratories enter into an exclusive collaboration for development and commercialization of COYA 302, an investigational combination therapy for treatment of Amyotrophic Lateral Sclerosis (ALS).
Bharat Electronics
Bharat Electronics received an order of Rs 580 crore from Indian Army for AMC of radars.
Paytm
Paytm announced that it will expand credit distribution business to enhance focus on higher ticket loans for consumers and merchants in partnership with banks and NBFCs.
Airtel
Warburg Pincus to raise $211 million in Bharti Airtel block, ET Now reported.
