Stocks to watch Today : Reliance, Tata Steel ONGC in news today

Reliance Industries: Reliance Industries said that its subsidiary Reliance Petroleum Retail will acquire the polyester business of Shubhalakshmi Polyesters and Shubhalakshmi Polytex for Rs 1,592 crore. The acquisition, which will be done through sale on a bearish basis, is subject to the approval of the Competition Commission of India. [Disclaimer: Moneycontrol is part of Network18 Group. Network18 is controlled by the Independent Media Trust, of which Reliance Industries is the sole beneficiary.]

Oil and Natural Gas Corporation: The state-owned oil and gas company has signed six contracts for offshore Discovered Small Fields (DSF) under the DSF-III bidding round, including three in the Arabian Sea and Bay of Bengal- There are three areas. It also signed two contracts for areas under Special CBM Bid Round-2021 blocks in Jharkhand and Madhya Pradesh. The total investment commitment for the two CBM blocks is $5.94 million, while an investment of $1894.5 million is planned for development in the six DSF-III blocks.

Tata Steel: The company informed the exchanges that a meeting of the board of directors is scheduled for September 14 to consider issuance of unsecured non-convertible debentures on private placement basis.

Anupam Rasayan India: The company informed the exchanges that a fire incident took place at Unit-6 of the Sachin GIDC plant in Surat on September 10. Four people died and 20 were injured in the fire incident.

HG Infra Engineering: Assistant HG Ateli Narnaul Highway has received the completion certificate for the road project in Haryana. With this the project has been declared fit to enter commercial operation on March 11, 2022.

Ashapura Minechem: Albula Investment Fund sold 14.5 lakh shares of the company through open market transactions. These shares were sold at an average price of Rs 101.97 per share. The fund held 7.93 per cent stake or 72.57 lakh shares in the company as of June 2022.

Ujjivan Small Finance Bank: Small Finance Bank has issued non-convertible debentures worth Rs 75 crore. The last redemption date for NCDs will be April 26, 2028 and the coupon rate will be 11.95 percent.

Gujarat Industries Power: The company said the board of directors approved the award of an EPC contract worth Rs 244 crore to KEC International. The contract is for a sub-station 400/33 kV, 1200 MW Solar, Wind and Hybrid Renewable Energy Park in Gujarat for pooling of 2375 MW capacity.

JTL Infra: The company on September 13 asked the board of directors to consider allotment of equity shares by conversion of warrants issued on preferential basis to non-promoters and public category.

IRB InvIT Fund: IRB InvIT Fund is set to acquire Vadodara Kim Expressway HAM project in Gujarat from its sponsors IRB Infrastructure Developers at an enterprise value of Rs 1,297 crore and equity value of Rs 342 crore. The acquisition is expected to be completed by October 2022. Upon completion of the acquisition, InvIT's portfolio will have six operational and revenue-generating assets.