Auto stocks will be watched after September sales

Maruti Suzuki India said its total sales rose 9.3% to 1.63 lakh units in September 2017 over September 2016. The announcement was made on Sunday, 1 October 2017.

Tata Motors said its sales performance for September 2017 were at 53,965 units resulting in 25% growth over September 2016 for the domestic passenger and commercial vehicle business. The announcement was made on Sunday, 1 October 2017.

Bajaj Auto said its total sales rose 14% to 4.28 lakh units in September 2017 over September 2016. The announcement was made on Monday, 2 October 2017.

Eicher Motors said its total Royal Enfield sales rose 22% to 70,431 units in September 2017 over September 2016. The announcement was made on Sunday, 1 October 2017.

Hindustan Unilever (HUL) said it signed an agreement for divestment of its 50% shareholding in Kimberly-Clark Lever (KCL) in favour of Kimberly-Clark Corporation (KCC), USA. This decision is in line with the company's objective to focus on its core business. Accordingly, KCL shall cease to be a joint venture of the company. The company shall work with KCC to ensure a smooth transition for the business. The announcement was made after market hours on Friday, 29 September 2017.

Power Grid Corporation of India said it entered into a term loan agreement for Rs 3270 crore with ICICI Bank on 29 September 2017 for the purpose of funding of capital expenditure for expansion, renovation and setting of various on-going and new transmission projects in Powergrid and in identified special purpose vehicles (SPVs) of Powergrid. The announcement was made after market hours on Friday, 29 September 2017.

Phoenix Mills said it acquired further 6.07% stake in Offbeat Developers (ODPL) for Rs 34 crore. Subsequently, the shareholding of the company in ODPL has increased from 93.93% to 100% and ODPL has become a wholly-owned subsidiary of the company. The announcement was made after market hours on Friday, 29 September 2017.

Jindal Poly Films said that its Netherlands unit completed acquisition of Apeldoorn Flexible Packaging Holding for 86.90 million euros. The announcement was made after market hours on Friday, 29 September 2017.

Punjab Chemicals said it sold its Argentina unit through its subsidiaries. The announcement was made after market hours on Friday, 29 September 2017.

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