Stocks in spotlight today – Tata Steel reviewed its financing plan

ACC Limited will announce its first quarter results today, 21 April 2017, while HDFC Bank announces its fourth Quarter results.

Reliance Industries Limited (RIL) has unveiled the successful and flawless commissioning of the second and final phase of Para-Xylene consisting of PX Crystallizers trains, Trans-alkylation and Aromatic Extraction units at Jamnagar.

Tata Steel Limited has reviewed the performance, capital structure and financing plan of the company. The company approved issue of debt securities of up to Rs 9,000 crore in the form either of NCDs on private placement basis or foreign currency or rupee denominated bonds or a combination thereof in one or more tranches.

Indian Hotels Company has allotted 2,000 NCDs aggregating to Rs 200 crore on private placement basis.

Fortune Financial Services has announced to consider the approval for acquisition of equity shares of IRC Credit Management Services and INTL Risk Consultants Insurance Brokers by the company.


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