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Bharti Airtel, Kotak Bank, Coromandel International in spotlight
(08:23, 27 May 2020)

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Bharti-Airtel-shares-will-be-in-focus.-Bharti-Telecom-has-yesterday,-26-May-2020-sold-2.75%-stake-in-Bharti-Airtel-to-institutional-investors-through-an-accelerated-book-building-process-in-the-secondary-market.-The-total-sale-proceeds-of-over-₹-8433-crore-was-over-subscribed-multiple-times-with-healthy-mix-of-all-categories-of-investors,-long-only-and-hedge-fund-investors-across-geographies-in-India,-Asia,-Europe-and-the-United-States-of-America-(US),-Bharti-Telecom-said-in-a-statement.-

The-sale-proceeds-will-be-utilized-to-fully-repay-debt-at-Bharti-Telecom-which-was-raised-primarily-to-finance-the-acquisition-of-Bharti-Airtel-equity-shares-in-the-past.-With-Bharti-Telecom-becoming-a-zero-debt-company,-Bharti-Airtel's-credit-profile-will-also-be-augmented-as-it-will-stand-to-benefit-from-deleveraging-on-a-consolidated-basis-including-any-debt-of-promoter-holding-company.-Post-transaction,-Bharti-Group-and-Singtel-(the-promoter-group)-will-continue-to-own-a-majority-stake-in-Bharti-Airtel-at-56.23%.

Kotak-Mahindra-Bank-shares-will-be-in-focus.-The-Issuance-Committee-of-the-Board-has-amongst-others-passed-resolution-approving-the-opening-of-the-Qualified-institutions-placement-of-equity-shares-on-26-May-2020.-

Coromandel-International's-consolidated-net-profit-jumped-112.18%-to-₹-234.20-crore-on-8.84%-rise-in-total-income-to-₹-2,881.25-crore-in-Q4-March-2020-over-Q4-March-2019.

Deepak-Nitrite's-consolidated-net-profit-jumped-88.39%-to-₹-172.30-crore-on-4.04%-rise-in-total-income-to-₹-1,057.74-crore-in-Q4-March-2020-over-Q4-March-2019.

Kewal-Kiran-Clothing's-consolidated-net-profit-dropped-21.67%-to-₹-15.76-crore-on-6.93%-fall-in-total-income-to-₹-130.50-crore-in-Q4-March-2020-over-Q4-March-2019.

S-H-Kelkar-and-Company's-consolidated-net-profit-dropped-35.12%-to-₹-12.71-crore-on-2.6%-fall-in-total-income-to-₹-273.54-crore-in-Q4-March-2020-over-Q4-March-2019.

Hind-Rectifiers-said-the-company-has-now-resumed-full-manufacturing-operations-at-Dehradun-Plant-with-effect-from-25-May-2020-with-all-the-safety-guidelines/directives-issued-by-the-Central/State-Governments-and-local-administration-to-safeguard-the-employees,-labourers-and-all-other-stakeholders-to-prevent-the-spread-of-COVID-19.

Praj-Industries-said-that-in-view-of-current-situation-of-COVID-19-pandemic,-the-company's-board-has-decided-to-cancel-the-proposal-of-buy-back-of-shares.-

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Bharti-Airtel-shares-will-be-in-focus.-Bharti-Telecom-has-yesterday,-26-May-2020-sold-2.75%-stake-in-Bharti-Airtel-to-institutional-investors-through-an-accelerated-book-building-process-in-the-secondary-market.-The-total-sale-proceeds-of-over-₹-8433-crore-was-over-subscribed-multiple-times-with-healthy-mix-of-all-categories-of-investors,-long-only-and-hedge-fund-investors-across-geographies-in-India,-Asia,-Europe-and-the-United-States-of-America-(US),-Bharti-Telecom-said-in-a-statement.-

The-sale-proceeds-will-be-utilized-to-fully-repay-debt-at-Bharti-Telecom-which-was-raised-primarily-to-finance-the-acquisition-of-Bharti-Airtel-equity-shares-in-the-past.-With-Bharti-Telecom-becoming-a-zero-debt-company,-Bharti-Airtel's-credit-profile-will-also-be-augmented-as-it-will-stand-to-benefit-from-deleveraging-on-a-consolidated-basis-including-any-debt-of-promoter-holding-company.-Post-transaction,-Bharti-Group-and-Singtel-(the-promoter-group)-will-continue-to-own-a-majority-stake-in-Bharti-Airtel-at-56.23%.

Kotak-Mahindra-Bank-shares-will-be-in-focus.-The-Issuance-Committee-of-the-Board-has-amongst-others-passed-resolution-approving-the-opening-of-the-Qualified-institutions-placement-of-equity-shares-on-26-May-2020.-

Coromandel-International's-consolidated-net-profit-jumped-112.18%-to-₹-234.20-crore-on-8.84%-rise-in-total-income-to-₹-2,881.25-crore-in-Q4-March-2020-over-Q4-March-2019.

Deepak-Nitrite's-consolidated-net-profit-jumped-88.39%-to-₹-172.30-crore-on-4.04%-rise-in-total-income-to-₹-1,057.74-crore-in-Q4-March-2020-over-Q4-March-2019.

Kewal-Kiran-Clothing's-consolidated-net-profit-dropped-21.67%-to-₹-15.76-crore-on-6.93%-fall-in-total-income-to-₹-130.50-crore-in-Q4-March-2020-over-Q4-March-2019.

S-H-Kelkar-and-Company's-consolidated-net-profit-dropped-35.12%-to-₹-12.71-crore-on-2.6%-fall-in-total-income-to-₹-273.54-crore-in-Q4-March-2020-over-Q4-March-2019.

Hind-Rectifiers-said-the-company-has-now-resumed-full-manufacturing-operations-at-Dehradun-Plant-with-effect-from-25-May-2020-with-all-the-safety-guidelines/directives-issued-by-the-Central/State-Governments-and-local-administration-to-safeguard-the-employees,-labourers-and-all-other-stakeholders-to-prevent-the-spread-of-COVID-19.

Praj-Industries-said-that-in-view-of-current-situation-of-COVID-19-pandemic,-the-company's-board-has-decided-to-cancel-the-proposal-of-buy-back-of-shares.-

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