Stocks in news: RIL, Lupin, Rico Auto, Vishal Retail, Aban

Nifty BSE | NSE 30/05/12 Are Mutual Funds betting on Nifty?

Here are stocks that are in news today:

Lyondell Basell says:
-Have received a preliminary non-binding offer from RIL
-RIL (Reliance Industries) looking to acquire for cash a controlling stake in company
-Have received other non-binding equity financing proposals
-RIL offer in addition to other proposals received earlier
-RIL offer potential alternate to plan of re-organisation filed previously
-Will work towards maximising value for creditors

RIL confirms submitting preliminary non-binding offer to Lyondell Basell
RIL says
-Cash offer for a controlling interest upon emergence from Chapter 11
-Offer preliminary & subject to~conduct of due diligence
-Offer also subject to receipt of sufficient creditor support
-Reviewing several global growth opportunities
-Aim to grow in core business' through inorganic expansion
-No assurance that an approach will result in a transaction

Rico Auto Q2FY10 YoY consolidated
-Net sales flat at Rs 254.4 crore versus Rs.254.6 crore
Net loss at 1.19 crore versus Profit of 3.8 crore
OPM at 10.3% versus 11.6%

Agro Dutch Q2
-Net loss of Rs 37 crore versus profit of Rs 3 crore
-Net sales at Rs 18 crore versus Rs 45 crore
-Operating loss at Rs 26 crore versus operating profit of Rs 13 crore

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