A handful of stocks to watch on Thursday. Investors can consider the offer of buying 0.82 million standard cubic meters per day of gas by Reliance Industries Ltd. Produced at Sohagpur coal-bed methane block (west) in Madhya Pradesh, the gas is available at a minimum $6 cost at the present price of oil.
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Indiabulls Real Estate: The merger of NAM Estates Pvt Ltd and Embassy One Commercial Property Developments Pvt Ltd into Indiabulls Real Estate Ltd (IBREL) has been approved by the Competition Commission of India (CCI).
Prime Focus: Unhappy over the price of open offer by Prime Focus promoters, its shareholders that include Reliance Media Works Financial Services have moved the Securities Appellate Tribunal (SAT) to solve the dispute.
Affle India: Affle Holdings Pte Ltd sold 3 lakh shares worth over ₹161 crore under an open market transaction.
Nureca: The company is making its debut after getting a huge response on Wednesday. Nureca Limited was subscribed 39.93 times on the last day of subscription.
lndo Rama Synthetics (India) Ltd: The company directors are mulling over an expansion plan of ₹640 crore in the company and its wholly owned unit lndorama Yarns Pvt. Ltd. The plan is to add value by adding balancing equipment. Also, it wants to diversify business into either pet chips or specialty yarns.
Artefact Projects Ltd: The company allotted 2,00,000 equity shares of Rs10/- each to non-promoters at a price of ₹32/- per share. It includes a premium of ₹22 for each share.