Coal India, Tata Consumer, GAIL (India), NTPC in focus

February 24,2021

Coal India informed that a meeting of board of directors of the company will be held on 5 March 2021, to consider and approve payment of 2nd interim dividend for 2020-21, if any.

Tata Consumer Products will replace GAIL (India) in the Nifty50 Index from 31 March 2021.

NTPC has executed Share Purchase Agreements with GAIL (India) on 23rd February, 2021, for purchase of GAIL's share (25.51%) in Ratnagiri Gas and Power (RGPPL) and sale of NTPC's share (14.82%) (on fully dilutive basis) in Konkan LNG (KLL). After transfer of shares as per the Share Purchase Agreements, NTPC will exit from KLL and NTPC's shareholding in RGPPL will become 86.49 %.

Sanofi India's board of directors approved a final dividend of Rs 125 per share and a special dividend of Rs 240 per share for the year ended 31 December 2020.

Mazagon Dock Shipbuilders has executed a Memorandum of Understanding with Mumbai Port Trust to further the economic growth of the region and the country under the Maritime India Summit 2021.

SBI Cards and Payment Services said the company has approved the allotment of 5,500 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Senior. Non-Convertible Debentures (NCDs) of the face value of Rs. 1.000,000 each, at par, under Series 23 aggregating to Rs. 550 crores on private placement basis.

United Spirits is initiating a strategic review of selected Popular brands, continuing the strategy towards long-term profitable growth through premiumising the company's portfolio. The strategic review is expected to be completed by the end of the 2021 calendar year.

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