You are here: Home » News-CM » Equities » Stock Alert
Business Standard

Nestle India to be watched on suspension of manufacturing

Capital Market 

Nestle India said that in view of the lockdown the operations in some of the locations (manufacturing, distribution centres/ warehouses, offices, suppliers) are scaled down or suspended. As the Company is in the manufacture and sale of food and beverage products, the company is in discussion with the authorities to continue operations in the factories/ distribution centres where the operations has been suspended.

Ircon International said the company has fixed 7 April 2020 as the record date, to ascertain the name of shareholders entitled for sub-division of equity shares of Rs 10 each into five (5) equity shares of face value of Rs 2 each.

Gujarat Alkalies and Chemicals informed that the company has decided to take complete safe shut-down of all its plants at Baroda and Dahej Complexes till 31 March 2020.

India Grid Trust (IndiGrid) announced the acquisition of another transmission asset, East North Interconnection Company Limited (ENICL), from Sterlite Power at a value of US $ 134 Mn. With this acquisition, IndiGrid's AUM will increase by 10% to US$ 1.6 Bn. IndiGrid's asset portfolio will increase to nine power transmission projects, with a total network of 20 power transmission lines spanning across more than 5,800 circuit kilometres across 13 Indian states.

Torrent Pharmaceuticals has informed that the secured redeemable non-convertible debentures (NCDs) of Rs 240 crore has been fully redeemed and repaid by the Company on 24 March 2020.

Rallis India has, effective 24 March 2020, commenced safe shutdown activities at its manufacturing operations located at Lote, Ankleshwar and Dahej. The duration of this shutdown is uncertain at this point in time and the resumption of operations at these locations will depend upon the directives issued by the respective Government authorities.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 25 2020. 08:16 IST