Free Stock Tips for Today (29th June)
The government is planning to expand the business of IGL. There is a plan to increase the business of Rs 4000 crore to Rs 30,000 crore. GST Council has decided to bring Natural Gas to the GST scope.
JSW Cement has bought 2.5 million shares at the price of 21.25.
A buyback of 43.2 lakh shares at a price of Rs 625 per share. 270 crores will be spent for the buyback. Through the tender, the promoter will participate in the buyback.
On issuing preferential share, the board meeting is going to be held on July 1, in which banks and debtors will be considered for issuing preferential shares. The company promoter will also issue preferential shares to non-promoters.
Jindal Drilling / Aban Offshore / Dolphin Offshore
Bids for oil and gas will be on July 1. After 7 years, bids for oil and gas will take place. The first phase auction is expected to end by December. These bids will take place under the new policy of the government.
The shareholder approval has been increased to increase the FII limit to 74% in the company.