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Stocks that made news today: Godrej, Bharti Airtel and more

With the GDP data for June quarter to be released today, here are the five stocks that made news today.

BT Online   New Delhi     Last Updated: August 31, 2015  | 15:37 IST
Stocks that made news today: Godrej, Bharti Airtel and more
Photo: Reuters

With the GDP data for June quarter to be released today, here are the five stocks that made news today:

 

  1. Novartis India: Novartis India on Friday said it has received FIPB approval to sell its OTC division to GlaxoSmithKline Consumer Pvt Ltd (GSK CPL) and will now proceed to complete the transaction. The Foreign Investment Promotion Board (FIPB) has approved the proposal made by GSK CPL to acquire the company's OTC division, Novartis India said in a BSE filing. Its shares rose 1.81 per cent to close at Rs 814 apiece on Monday.
  2. Godrej Consumer Products Ltd (GCPL): The Reserve Bank on Friday said foreign investors can buy up to 40 per cent of the paid-up capital in GCPL under the portfolio investment scheme (PIS). Foreign Institutional Investors (FIIs)/Registered Foreign Portfolio Investors (RFPIs) can now invest up to 40 per cent, revised from earlier 35 per cent, of the paid-up capital of Godrej Consumer Products Limited under PIS. The purchases could be made through primary market and stock exchanges, RBI added. Its shares rose 1.80 per cent to close at Rs 1329 apiece on Monday.
  3. Bharti Airtel: After increasing data tariffs for pre-paid customers in Delhi, Bharti Airtel has now hiked charges for their post-paid users by around 20 per cent in various circles including the national capital. A couple of months back, Bharti Airtel had raised pre-paid data tariffs for 2G and 3G services in Delhi by up to 47 per cent. Its shares fell 1.99 per cent to close at Rs 355.05 apiece on Monday.
  4. Astec Lifesciences: Promoters of agro-chemicals and drug intermediates Astec Lifesciences will sell 45.29 per cent stake in the company to Godrej Agrovet Ltd (GAVL) that could entail a consideration of Rs 167.41 crore. The board of directors of the company has approved execution of a share purchase agreement, whereby the promoters of the company have agreed to sell 45.29 per cent of the current paid-up equity shares of the company at a price of Rs 190 per share to Godrej Agrovet Ltd, Astec Lifesciences said in a BSE filing. Its shares rose 1.41 per cent to close at Rs 244.20 apiece on Monday.
  5. Sun Pharmaceutical Industries: Sun Pharma has initiated voluntary recall of multiple lots of Bupropion Hydrochloride Extended-release Tablets USP (SR), 200 mg, 60-count bottle, from the US market for failed dissolution specification. Its shares rose 0.46 per cent to close at Rs 889 apiece on Monday.

 

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