Stocks in news: HDFC, SBI, Aventis Pharma, Tata Steel

HDFC block deal
-Citigroup to sell 14.5 crore shares (9.9% equity)
-Deal to be executed via block trade today
-Book oversubscribed, Citi to raise USD 2 billion

CNBC-TV18 exclusive: Deepak Parekh says
-HDFC informed by Citigroup about intent to sell
-Would like HDFC shares to be sold to many investors
-Citigroup may be selling due to huge capital need post Basel III

SBI says
-Preferential issue to government at around Rs 2,192/share
-Preferential issue to be completed by March 31

MCX IPO closes today
-Overall issue subscribed 4.5 times on day 2
-Total bids: 2.47 crore shares
-Retail Portion: subscribed 7 times
-QIB portion: 3.68 times
-Non –Institutional: 1.88 times
-Bids at upper range of price band (Rs 860 -1032/sh)

Ranbaxy Q4
-Net loss at Rs 2,983 crore vs loss of Rs 97.5 crore (YoY)
-Settlement Provision at Rs 2,648 crore
-Forex loss at Rs 838 crore vs gain of Rs 132 crore
-Total income at Rs 3,792 crore vs Rs 2,129 crore (YoY)
-EBIDTA margins at 22.7% vs 10.8% (YoY)
-EBIDTA at Rs 860 crore vs Rs 230 crore (YoY)

ABB Q4
-Net profit at Rs 64 crore vs Rs 7 crore (YoY)
-Net sales at Rs 2,170 crore vs Rs 2,051 crore (YoY)

Aventis Pharma Q4
-Net profit at Rs 36 crore vs Rs 105 crore (YoY)
-Net sales at Rs 338 crore vs Rs 286 crore (YoY)

Gujarat Gas Q4
-Net profit at Rs 24.7 crore vs Rs 82 crore (YoY)
-Net sales at Rs 641 crore vs Rs 504 crore (YoY)

Govt sources say
-Vedanta has made offer for residual Hindustan Zinc stake
-Offer for govt’s 29.5% stake in HZL
-Will seek legal opinion & advice on offer
-Will have to conduct due diligence on offer
-Unlikely decision will be taken this fiscal
-Fair to expect some premium for stake
-Residual stake sale will need cabinet nod

Other stocks and sectors that are in news today:
- Reliance Industries raises USD 500 million via overseas bond issue
- Tata Communications signs tech tie up with Formula 1
- Tata Steel seeks shareholder okay to up borrow limit to Rs 50,000 crore
- Zuari , Chambal eye UB group’s 30.4% stake in Mangalore Chemicals - BS
- BPCL & Videocon to hold onto “High Value” Mozambique block stakes - ET
- Ankur Drugs depositors drag company to CLB for alleged Interest default - ET
- Orbit Corp to consider acquisition of Mazda Construction on February 28
- Vijaya Bank to consider preferential issue of Rs 147 crore to LIC
- Bank of Baroda to consider allotment of preference shares on February 27 to LIC/MF's Aventis
- Shasun Pharma to consider allotment of preference shares on February 27
- Gujarat Gas recommends special dividend of Rs 12 per share for FY12