Stocks in news:

• Indiabulls Real Estate
  100% subsidiary Sophia Power raises Rs 1580 cr via 37.5% stake sale at Rs 66.67/sh to LNM, Farallon Cap
  IBREL invests Rs 395 cr at Rs 10/sh in Sophia Power for 62.5% stake
  IBREL has also invested Rs 197.5 cr in 100% subsidiary Indiabulls Power
  Contemplating merging Sophia Power and Indiabulls Power
  IBREL to hold 71.4% stake in merged entity
  Alert: Based on stake sale, merged entity valued at Rs 5,524 cr (Over $1 bn!!!)
• GSS America IPO closes today; subscribed 0.99 times till now
• Steel Cos
  Agree To Cut Pdt Prices By Rs 500/t On Hot-rolled Coil
  Agree To Cut Pdt Prices By Rs 1,000/t on TMT Bars, Rounds
  Steel Minister Proposes Excise Duty On Steel Be Halved To 8%
• Naveen Jindal says if raw material prices go further than steel producers will be compelled to hike prices
• L&T Infotech looking at $100 m plus acquisition in mfg vertical
• L&T Infotech IPO put on hold - ET
• Bhilwara Energy may go for private placement to finance expansion
• Pfizer To Launch Patented Anti-Smoking Drug Chantix In India Soon: Sources
• Ex-event:
  RPG Life; base price Rs 45.60
  Nicholas Piramal; base price Rs 279
• Jubliant Energy, part of Jubliant group discovers oil, gas in cauvery basin - HT
• NYSE to pick 5% in MCX - ET
• DoT plans to hike spectrum fees - ET
• Mastek to buy US based STG for $ 30m - ET
• R Com in talks with Capgemini- Reports, ADAG strongly denies any such move
• Tatas find an ally in Orient-Express battle, DE Shaw that holds 5% stake questions hotels corporate governance
• Lanco plans wind turbine facility in Mangalore, commercial launch slated for Sept 2008 - Mint