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Stocks in news: Cairn, ITC, Sterling Holidays, Pipavav
Cairn | Oberoi Realty | Rane Holdings | ITC | Tata Metaliks | Sterling Holidays | NMDC | Pipavav Shipyard | Motherson Sumi Systems and Sesa Goa are stocks, which are in the news today.
Sesa Goa on Pirna Mine says -Pirna Mine environmental clearance cancellation an old issue -Company had voluntarily withdrawn EC application -No mining occurred at mine -Mining at Pirna Lease was never part of biz plans
IPO Corner -Flexituff International IPO of 67.5 lakh shares with a price band of Rs 145-155/sh opens today -Taksheel Solutions IPO of 55 lakh shares with a price band of Rs 130-150/sh opens today
Samvardhana Motherson Finance files DRHP to raise Rs 1750 crore -Motherson Sumi Systems-Flagship company
Pipavav Shipyard in pact with SKIL Infra, Airbus for aircraft repair operations Pipavav Ship says -JV to set up aircraft repair facilities in India -To hold 51% stake in aircraft maintenance JV' -France's EADS to have 26-49% in aircraft repair JV -To invest USD 100 million in aircraft repair unit phase-I
Sajjan Jindal says -Supply of raw material to industry has been taken up -Steel industry supports SC's view -CEC has been formed to look into the problems of steel industry -CEC: Central Empowered Committee -Price discovery through e-auction is not best method -Feel E-auction could be a temporary process -Do not think there is any need for E-auction -State govt needs to expedite implementation process -Confident of iron ore supply & optimistic of JSW's survival -Not going to shut down or move out of Karnataka for now -Monitoring committee has assured on weekly E-auction -Have asked for allotment of captive mines, iron ore supply -Small scale industries facing most of the uncertainties
Karnataka Iron & Steel Manufacturing Association Says -To continue supply of iron ore to industry from NMDC -e-auction of stock to be done on daily/alternate day basis
Other stocks and sectors that are in news today: -Rakesh Jhunjhunwala & RK Damani pick up 14% stake in Sterling Holidays in last 2 months, both invested Rs 40 crore each. Management confirms the same in AGM - BS (CMP Rs 93) -Second round of iron ore auction in Karnataka to be held today (ET) -Tata Metaliks to divest its 3 lakh ton pig iron making facility in Maharashtra to Fomento resources for Rs 180 cr -Rane Holdings acquires 26% stake in Bangalore based SasMos HET Technologies with an undisclosed amount -ITC buys 26% stake in Logix's 5-star Hotel property, to invest Rs 100 crore in the Noida based hotel (ET) -Oberoi Realty in talks to buy 50% stake held by ICICI Ventures in South Mumbai Project for around Rs 300 crore (ET) -Cairn's plans to start production at Rajasthan hits a road block, as Oil Ministry asks for more information to give a go ahead (ET) -Private sector bank promoters may be allowed to hold 15% stake instead of 10% stake (BS) -Bajaj Hindusthan's rights issue of 45.6 crore shares at Rs 36/sh open today -Govt may levy import duty on power equipments for mega projects (Mint) -Gallant Ispat to issue upto 25 lakhs fully convertible debentures at Rs 160/sh -Ex Bonus: Vaswani Industries 1:4 -F&O Ban: ABG Shipyard, Gitanjali Gems, KS Oils, Ruchi Soya -Listing of Panama Petrochem on NSE w.e.f September 30
