Stocks in news: Stocks in news: SpiceJet, Shriram Finance, Suven Pharma, Mazagon Dock, Suzlon Energy

Equity markets concluded a three-week winning streak with a loss of over 1.5%, largely impacted by weak global cues. In today’s trade, shares of SpiceJet, Shriram Finance, Suven Pharma, Mazagon Dock, Suzlon Energy among others will be in focus due to various news developments.

Shriram Finance

Shriram Finance is planning to raise $1 billion (about Rs 8,300 crore) from overseas in the next 6 months to fund its business growth.

Suven Pharma
Suven Pharma received EIR from US FDA for Hyderabad-based manufacturing facility oa Arm Casper Pharma. The regulator categorized the inspection as Voluntary Action Indicated (VAI) and has deemed it as closed.

Granules
Granules India’s Gagillapur Facility completes US FDA inspection with six observations

Tata Power
Tata Power-led Odisha Discoms have awarded contracts worth Rs 11,481 crore to local contractors and suppliers.Godfrey Phillips
Bina Modi reappointed as MD of Godfrey Phillips with over 86% of shareholders (86.64%) voting in support of her reappointment.

Nazara Tech
Nazara Technologies has picked up a 48.42% stake in Paperboat for about Rs 300 crore.

SpiceJet
SpiceJet said it will convert dues of Carlyle Aviation into equity. Carlyle Aviation will purchase SpiceJet shares to settle a part of its dues worth Rs 137.68 million.

Mazagon Dock
Mazagon Dock has bagged orders worth Rs 1,486 crore from Oil & Natural Gas Corporation (ONGC).

RBM Infracon
RBM Infracon received orders worth Rs 3,498 crore including Rs 3,371 crore for crude and Rs 127 crore for gas at Nandej from Oil and Natural Gas Corporation.

JSW Energy
JSW Energy issued a corporate guarantee of up to Rs 450 crore to JSW Energy (Utkal) (JSWEL), a subsidiary of the company.

Suzlon Energy
Suzlon Energy acquired 51% of the equity share capital of Renom. With the said acquisition, Renom has now become a subsidiary of the company.

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