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Top Stocks to be Focused for 16 Dec 2016

Top Stocks to be Focused for 16 Dec 2016

Claris Lifesciences: In one of the biggest deals involving a domestic pharma major, US-based Baxter International Inc on Thursday entered into a definitive agreement to acquire Claris Injectables, a wholly owned subsidiary of Claris Lifesciences, for approximately $625 million (Rs 4,237 crore).

Axis Bank: In the wake of disclosure of transgressions in its network, including a case in Noida which came to light on Thursday, private sector lender Axis Bank said it has so far suspended 50 accounts and 24 employees for suspicious activities.

Jammu & Kashmir Bank: The state-owned bank on Thursday posted a net loss of Rs 602.40 crore for the second quarter ended September 30. However, the bank had posted a net profit of Rs 195.62 crore ..

Dilip Buildcon: The company on Thursday said that it has bagged a road project in Andhra Pradesh worth Rs 260 crore.

IL&FS Transportation: The company on Thursday informed bourses that it has decided to acquire all the equity investments held by Elsamex SA & its group companies in their Indian subsidiaries.

Idea Cellular: Telenor is said to have held talks with Idea Cellular for a cash-less sale of its India unit, which would entail the country’s No. 3 mobile phone company taking over all the liabilities of the Norwegian telecom operator’s local business.

Karnataka Bank: The bank’s rights issue of one share for every two shares at Rs 70 apiece has ended with a subscription of over 185 per cent.

Maruti Suzuki: Maruti Suzuki is looking to expand its product offerings at the NEXA chain of premium dealerships, which will sell a third product, the Ignis, starting next month.

Confidence Petroleum India: The company on Thursday informed bourses that a meeting of the board of directors will be held on December 19 to consider the proposal of buyback of equity shares of the company.

Phoenix Mills: The Phoenix Mills said its shareholding in Alliance Spaces Private Limited has risen to 36.76 per cent following a 3.75 per cent stake purchase from K2A Hospitality Limited.

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