Sterling & Wilson Solar in spotlight on debut

Shares of Sterling & Wilson Solar will debut on the bourses today, 20 August 2019. The initial public offer (IPO) of Sterling & Wilson Solar received bids for 1.89 crore shares, as per the National Stock Exchange of India (NSE) website data. The issue was subscribed 0.85 times. The issue opened for subscription on 6 August 2019 and closed on 8 August 2019. The price band for the issue was Rs 775 to Rs 780 per share.

Tata Motors said that long term rating of the company has been downgraded to CARE AA- / Negative from CARE AA/Stable due to weak performance of JLR. The announcement was made after market hours yesterday, 19 August 2019.

Nestle India announced the launch of the world's no. 1 cocoa-malt beverage - MILO in India. MILO has a rich legacy, having nourished young champions around the world for more than 85 years by providing nutritious energy and the inspiration to grow with sports. The announcement was made after market hours yesterday, 19 August 2019.

Mangalore Refinery & Petrochemicals said that the company has structured shutdown of the Phase-III process units of the refinery as a precautionary measure to access the condition of the facilities in the vicinity and for immediate stabilisation. The refinery has been affected by a minor landslide as an aftermath of the intensified monsoon in Dakshina Kannada District. The announcement was made after market hours yesterday, 19 August 2019.

LT Foods said that the company's board of directors, with an intent to consolidate its International Business, has approved transfer of investments (shares) in LT Foods International, Limited, U.K, (wholly owned subsidiary of the company) to LT Overseas North Americas Inc., USA, another wholly owned subsidiary of the company at fair value as determined by an independent merchant bank. The announcement was made after market hours yesterday, 19 August 2019.

HFCL has bagged purchase order worth Rs 2467 crore from Bharat Sanchar Nigam for Defence Communication Network (Project funded by Department of Telecom, Government of India). The announcement was made after market hours yesterday, 19 August 2019.

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