Stock in News

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Information about Stock in News

Published on July 16, 2018

Author: NSTT


Slide1: Stock in NEWS on 16 th July, 2018   Tata Motors: JLR under tremendous cost pressures due to increased taxes in UK and uncertain times in key global markets; Moodys downgrades credit rating – Negative   Dr Reddy: Indivior won preliminary injunction against generic rival Dr. Reddy’s for Suboxone – Negative for Dr Reddy as it is an opportunity loss; Company will have hold the product launch till final litigation outcome.   Aurobindo : Company to acquire Apotex International Inc.’s commercial operations and certain supporting infrastructure in five European countries (Poland, Czech Republic, Netherlands, Spain & Belgium) for € 74 million(~ Rs 592 crore) in an all cash transaction – Stock to remain in focus; No debt addition for the current deal; However overhang for near term is if Aurobindo acquire’s Mallinckrodt as it is stress on balance-sheet.   HDFC Ltd: SEBI has approved HDFC Asset Management Company’s much-awaited initial public offering (IPO). The likely size of the upcoming IPO by HDFC AMC will be Rs 3,000-3,500 crore. HDFC AMC is 60% owned by HDFC while Standard Life Investments holds the rest. Both will sell about 5% stake each in the IPO. – Positive

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