Stocks in news: Aban, PVR, NTPC, SAIL, Sun TV, GVK Power

Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

Here are stocks that are in news today:

Aban Offshore QIP: exclusive
-To raise $100 million with upsize of $50 million: sources
-QIP floor price around Rs 1,225/share: Sources
-Post issue equity dilution of 10-15%: Sources
-Citi sole banker for QIP: Sources

UltraTech-Samruddhi merger:
-Exchange ratio set at 4:7
((Samruddhi shareholders to get 4 UltraTech shares of for every 7 Samruddhi shares held))
-UltraTech to issue 14.95 crore new shares, equity capital to be hiked to 274.2 crore
-Appointed date of merger is July 1, 2010

Asarco - From Agencies
-Grupo Mexico gets final nod from Texas Judge to regain control of Asarco
-Grupo Mexico to pay $2.2 billion to Asarco's creditors
((Sterlite ADS up 5%, Vedanta down 2%))

Shoppers Stop board approves
-Issue of 40 lakh shares via QIP ((pricing not given))
-Issue of 40 lakh convertible warrants to promoters

PVR
-Okays issue of 2.6 million shares on preferential basis at Rs 165/share
-Preferential issue of shares to Thailand's major Cineplex Group
-Acquires DLF Group's DT Cinemas
-To Fund DT Cinemas buy via part stock, part cash
-To give 2.6 million shares, Rs 20 crore for DT Cinemas Theatre operations

BPCL says Oman Oil to increase stake in BORL from 2% to 26%
-Alert: BORL is a JV between BPCL & Oman Oil
-Alert: BORL is building 6 mmtpa refinery in MP
-Alert: BPCL's stake in BORL at 49%
-Oman Oil to pump in approximately Rs 1,220 crore into project
-Oman Oil already invested Rs 75 crore in project: BPCL

KSK Energy
-Fixes QIP issue price at Rs 194.5/sh ((CMP Rs 205))
-To issue 26.5 m shares, raise Rs 516 cr

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