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STOCKS IN FOCUS
Jammu & Kashmir (J&K) Bank is exploring possibilities to sell its entire five per cent stake in PNB MetLife India Insurance Company for about Rs 700 crore, people familiar with the development told Business Standard.
Billionaire investor Rakesh Jhunjhunwala and wife Rekha, have together sold about eight per cent stake in Praj Industries on Thursday.
Idea Cellular has opened a QIP issue through which it will offer equity shares worth Rs 3,000 crore.
Reliance Industries said its open offers to acquire a controlling stake in media group Network18 and its subsidiaries will begin on July 21.
LIC has lowered its stake in TVS Motor Company to over 3% by selling more than 2% shareholding over a period of around four years.
Wockhardt is recalling over 8,000 bottles of anti-hypertension drug Metoprolol Succinate extended-release tablets in the US market following failure of a dissolution test.
Videocon Telecom has tied up with Chinese equipment firm Huawei Technologies for rolling out 4G network in six out of its 7 service areas.
