Jul 05, 2013 10:17 AM IST | Source: CNBC-TV18

Stocks in news: Polaris, Mangalore Chem, Firstsource, USL

Kalindee Rail | Advanta India | Strides Arcolab | Polaris | Adani Enterprises | Jet Airways | BGR Energy | Gammon India | Deepak Fertilisers | Mangalore Chemicals | Firstsource Solutions | Pioneer Distilleries and United Spirits are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Hindustan Unilever (HUL) open offer closes yesterday (CMP at Rs 601)
-32 crore shares tendered at Rs 600/share
-Uniliver hikes stake by 14.8 percent to 67.28 percent
-Uniliver to spend Rs 19202 crore/USD 3.19 billion for stake hike
Diageo completes acquisition of 14.98 percent stake in United Spirits (USL)
Diageo says:
-To hold 25.02 percent stake in USL post acquisition
-Acquires stake from United Breweries Holdings (UBHL), Kingfisher Invest, Palmer Investment, UB Sports
-Yet to acquire 2.38 percent stake from USL Benefit Trust
-Certain lenders refuse to release USL Benefit Trust shares
-Mallya to continue as non-executive director and chairman
-To provide USD 135 million loan facility to Mallya's company Watson

Pioneer Distilleries tender offer (CMP Rs 65, market cap Rs 85 crore)
-Diageo to publish details on mandatory tender offer for Pioneer Distilleries
-Diageo to acquire remaining 18.42 percent of Pioneers outstanding share capital
-Pioneer shareholders entitled to receive Rs 60/share

Firstsource Solutions (stock up 20 percent yesterday)
-Rakesh Jhunjhunwala buys 2.5 crore shares (3.8 percent stake) at Rs 10/share
-OHM Enterprise buys 32 lakh shares (0.5 percent stake) at Rs 10/share
-Aranda Investment Mauritius sells 2 crore shares
-ICICI Bank sells 1.3 crore shares stake at Rs 10/share

BGR Energy (CMP Rs 127)
-Promoter to sell 21.75 lakh shares (3 percent stake) of company via offer for sale (OFS) today
-Floor price for OFS at Rs 118/share (7 percent discount to CMP)
-Move to reduce promoter stake to 75 percent in company

Jet Airways-Etihad deal:
-Cabinet secretary holds meet with defence secretary and aviation secretary
-Cabinet secretary says 'there is no security threat'

Indonesia Govt says
-Adani Enterprises pulls out of USD 1.7 billion rail and port project: Reuters
Alert: Adani Enterprises had signed agreement to set up rail, port line in 2011 with Indonesian govt 

SC Quashes HC Order against govt price cap on Asthma drug
-SC upholds govt decision to cap price of Doxofylline formulation

FIPB likely to defer 10 FDI proposals in pharma sector: PTI
Alert: Proposals are to be taken up at FIPB meet today                          

Other stocks and sectors that are in news today:
-Sugar import duty
hike on cards – agencies
-Deepak Fertilisers may approach Zuari Industries to buy their 10 percent stake in Mangalore Chemicals – BS
-Sundaram-Clayton IPP on Monday, floor price Rs 293/share
-Gammon India debt recast approved by lenders – Mint
-Coal ministry agrees to ink fuel-supply pact for 11 power companies with by August – ET
-Citi Ventures has veto to block Polaris stake sale plans in not compensated – ET
-Bombay HC to hear Yes Bank's board issues today
-Canara Bank to cut base rate by 30 bps to 9.95 percent from Monday
-Strides Arcolab board okays increase in FII limit to 74 percent from 49 percent
-Advanta India (CMP at Rs 756) stock split from Rs 10 to Rs 2
-Kalindee Rail board meet to mull equity/warrants issue on preferential basis
-Lakshmi Overseas: Board meet to mull allotment of 33 lakh equity shares to promoter Balbir Singh allotment of equity shares upon conversion of warrants allotted
-Ex-dividend: Axis Bank – Rs 18/share
-RBI issues norms to calculate total foreign investment in Indian companies

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