Adani in talks with Simplex promoters for equity stake
The move is part of a stressed asset resolution plan that Simplex Infra management is working on.
Mentor Radhakishan Damani picks stake in disciple Jhunjhunwala’s top smallcap holding
With a 1.26 per cent stake, Damani was again among the key shareholders as of March 31.
Banks identify Simplex Infrastructures as NPA, resolution plans underway
United Bank of India (UBI), the leader of a consortium of 28 lenders, has identified Simplex Infra account as 'non-performing asset' (NPA) in the third quarter of FY20, people familiar with the matter said. Bank of India too marked Simplex Infra’s Rs 24.33 crore in working capital loan as NPA in February.
RK Damani, Rakesh Jhunjhunwala stocks that rallied up to 15% today
Data showed shares of Delta Corp and Avenue Supermarts climbed 5% each in today’s trade.
Stocks in the news: Max Financial, Vodafone Idea, Simplex Infra, Axis Bank and Power Grid
Global investors are in discussions with Tata Power to invest $500-600 million in its renewable energy platform.
Stocks in the news: Vodafone Idea, DMart, Network18 Media, DHFL, Simplex Infra and Godrej Properties
Bharti AIrtel raised Rs 2,500 crore by selling bonds, even as the telco paid a part of its telecom licence fee dues.
Stocks in the news: YES Bank, Simplex Infra, ITI, D-Mart, Sun Pharma and Hero MotoCorp
ITI withdrew its follow-on public offer citing "prevailing market conditions".
HDFC Mutual Fund marks down exposure to Simplex Infra
As per Amfi guidelines, after a downgrade below investment grade for a company in the infrastructure sector, a scheme should mark it down by 15%.
HDFC Credit Risk Debt Fund’s NAV falls after Simplex downgrade. Should you exit?
On December 11, CARE Ratings downgraded the ratings of NCDs issued by Simplex Infrastructure to D from BB+.
Share market update: BSE Smallcap index up; Indraprastha Medicals jumps 5%
The S&P BSE SmallCap index was trading 0.23 per cent up at 13412.92.
Share market update: 26 stocks hit 52-week lows on NSE
Domestic benchmark index NSE Nifty was trading 28.70 points up at 11,672.15.
Share market update: 24 stocks hit 52-week lows on NSE
Domestic benchmark index NSE Nifty closed 24.15 points up at 10,887.65 while the BSE Sensex was trading 55.07 points up at 36,118.88.
Suzlon Energy, Symphony among top gainers on BSE
The Nifty 50 index was trading 4.95 points down at 10,858.55.
Genpact & Simplex Infra Technopark to co-develop Imagine Tech Park in Kolkata
Imagine Tech Park will be a G+25, Grade 'A' modern and hi-tech commercial building suitable for IT/ITeS offices built across a sprawling 1.5 acres of land.
Stock pick of the week: What makes Simplex Infrastructure a good bet
Improving net profit and debt recovery, fattening order book, likely improvement in revenue and recent price correction has made it analysts’ pick of the week.
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