Jul 05, 2013, 10.17 AM | 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.

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

Set email alert for
HUL United Spirits Pioneer Distill
Firstsource Sol BGR Energy Jet Airways
Adani Enterpris Deepak Fert Mangalore Chem
Sundaram-Clayto Gammon India Polaris Consult
Yes Bank Strides Arcolab Canara Bank
Advanta Kalindee Rail Axis Bank


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