Stocks in news:
- Board meetings:
JHS Svendgaard to consider issue of shares / warrants to promoters on preferential basis
Logix Micro on issue of shares for acquisition of majority interest in US co; issue of warrants on preferential basis to promoters
Vivimed Labs on issue of shares on preferential basis
- Sintex Industries board approves:
FCCB / GDR / ADR / QIP issue up to $300 m
Issue of 1.32 cr warrants to promoters on preferential basis
- MSCI Changes from today
ADDITIONS: Cairn India, DLF, GMR Infrastructure,HCL Technologies, NTPC, RNRL, Sterlite Industries, United Spirits
DELETIONS: Ashok Leyland, Asian Paints, Bharat Forge, Glaxosmithkline Pharma, HPCL, Nestle India, Videocon Industries
- Reliance Energy
To raise Rs 8000 cr via pref issue to ADAG, offer at 5% premium at Rs 1812/sh
Current eq capital is 22.6 cr shares; increases to 26.9 cr shares
New shares to be issued: 4.3 cr shares, Dilution of 19.02%
Promoters shareholding to increase from 35.89% to 46.13%
- Indian ADRs:
Sterlite up 10%, VSNL up 13% and MTNL up 7.5%
- ADAG eyes PT Berau Coal, one of the largest thermal coal firms in Indonesia - BS
- IFCI set to offer 20% stake to IFC before stake sale - ET
- Bajaj Auto Nov
Two-wheeler Sales At 2.11 Lk Vs 2.14 Lk Units (YoY)
Total Sales At 2.35 Lk Vs 2.43 Lk Units (YoY)
- Maruti Nov
Total Sales At 69,699 Vs 55,033 Vehicles (YoY)
Passenger Cars Sales At 64,885 Vs 52,333 Vehicles (YoY)
Exports At 4,483 Vs 2,459 Vehicles (YoY)
- TVS Motor Nov
Motorcycle Sales At 57,113 Vs 68,874 Units
Two-wheeler Sales At 1.12 Lakh Units
- IFCI
4 Bidders Complete Due Diligence For 26% Stake In Co
Sterlite Ind & Morgan Stanley Complete Due Diligence
WL Ross, GS Cap Partners, StanChart Bank & HDFC Complete Due Diligence
Cargill Fin Svcs Corp & Texas Pacific Grp Complete Due Diligence
Shinsei Bank, PNB & JC Flowers & Co Complete Due Diligence
4 Bidders Pull Out Of Race For 26% Stake: 2 In Phase I, 2 In Phase II
Last Date For Financial Bids Fixed As Dec 14, 2007
LIC, GIC To Convert Part Of Their Debt (As 0% Debentures) Into Equity
Equity Conversion To Maintain LIC & GIC Stake In IFCI At Current Levels
- ICICI Ventures to invest Rs 550 cr in MCX valuing the Co at USD 1.2 bn - TOI
- Govt plans to divest 10% stake in Rashtriya Ispat Nigam - ET
- SAIL doubles expansion plans to Rs 53000 cr, examining options for equity dilution, alliance with Acrelor Mittal on cards - BS
- Glodyne Tech eyes acquisition in US in the range of USD 20-25 mn - BS
- Balmer Lawrie-Van Leer delisting offer at a floor price of Rs 46/sh
- Shree Pacetronix open offer at Rs 49/sh
- Pfizer wins US court ruling that prevents Ranbaxy to launch generic version of Caduet till 2010
- Marksans Pharma eyes UK based OTC co - TOI
- Hindalco looking for copper assets in Zambia - BL/BS
- Videocon buys 2000 acres in West Bengal for steel project - BS
- Polaris - Data Inc row: US firm gets USD 0.6m to settle lawsuit - BS
- Mallyas foreign jaunt may stal- FE
Govt says required 5-yr domestic experience cannot be transferred
Air deccan is scheduled to become eligible to fly abroad in June 08
- Reliance Ent picks up 50% stake in ND studios for Rs 150 cr - ET
- Shyam Telelink
FIPB allows Russian telecom co Sistema to hike stake in Shyam Telelink to 74%
Alert: Sistema Currently Owns 10% Stake In Shyam Telelink
- Still in NSE F&O curb:
Adlabs Films
- New Listing:
Anil Products; base price Rs 60; circuit filter 20%
- RBI allows FIIs to buy further shares of Deccan Chronicle as their holding falls below 24% limit
- RBI says
To Put Another Draft On Bank Holding Co Norm
Received Lots Of Reponses On Bank Holding Cos
To Examine Legal Aspects Of Feedback On Bk Holding Co Norms
- Rel Comm says
Bharti illegally captured spectrum in excess of 6.2 mhx by misleading DoT
Bharti has deprived govt. of thousands of crores of revenues by hoarding valuable spectrum
Excess spectrum of bharti and other operators aggregate 50 mhz across circles far beyond its needs
- Bharti says
Would Not Like To Respond To This Attempt To Spread Wrong Information
All We Want Is Fair & Judicious Approach To Manage Spectrum Issue
It's Time For Detractors To Accept That Others Have Equal Opportunity
- Exclusive
Rahul, Shishir Bajaj Trying To Work 'Best Out Of Court Soln Possible': Sources
Rahul Bajaj Says 'Past Experience Bitter': Sources
Rahul Bajaj Says May Have To Go Back To CLB: Sources
- Anand Mahindra Says
Will Not Comment On Bidding For Jaguar-Land Rover
Will Neither Confirm Nor Deny Making Presentations In London
- Bhagwati Banquets board approves:
Allotment of 75.63 lakh convertible warrants to promoters & strategic investors at Rs 82
Increasing FII investment limit up to 49%
GDR / ADR / FCCB / QIP / Private Equity / preferential allotment up to Rs 200 cr
- Power Grid board approves investment of Rs 1630 cr in various projects
- Bank of Rajasthan board meet on Dec 7 to consider issue of shares & warrants on preferential basis to various Investors
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