Stocks in news: Tera Soft, Monnet Ispat, Bharti, SBI, KFA

Published on Thu, Feb 23, 2012 at 08:16 |  Source : CNBC-TV18

Updated at Thu, Feb 23, 2012 at 09:19  

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Here are stocks that are in news today:

Results today - ABB, Ranbaxy Labs, Gujarat Gas and SKF India

Dewan Housing QIP book launched
-Plans to raise USD 60 million, upside option upto USD 100 million
-QIP issue floor price Rs 255.5/sh

Kingfisher Airlines : Sources say
-KFA submits revised appeal to I-T to lift freeze on accounts
-KFA commits to pay entire outstanding in tranches

SBI to CNBC-TV18
-Company has not given any fresh loans to Kingfisher Airlines
-Company has not committed to give any fresh loans to KFA
-Expressed surprise at report on SBI package to KFA
-Not considering giving any fresh loans to KFA

KFA update: Sources say
-I-T department files caveat in Bombay Karnataka HC
-I-T department says must be heard before account freeze lifted

Econet:
-Seeks USD 3 billion damages from Bharti Airtel
Econet Vs Airtel:
-Dispute over ownership of its subsidiary Airtel Nigeria
-South Africa-based Econet Wireless filed suit on Wednesday

Bharti Airtel says
-Have not received any notice w.r.t Econet's statement
-Econet's statement is spurious & misleading
-Circa 5% held by Econet has been set aside since 2006
-Final resolution of ongoing litigation pending
-Econet's baseless claims are bound to be fully rejected
-Have full faith in Nigerian legal system

KSB Pumps Q4CY11 (YoY)
-Net sales at Rs 226.4 crore versus Rs 173 crore
-Net profit at Rs 16.2 crore versus Rs 12 crore

BCB Finance IPO opens today, closes February 27 (1st IPO on BSE SME platform)
-To raise Rs 8.85 crore
-To issue 35.4 lakh shares @ Rs 25/sh

Other stocks and sectors that are in news today:
-CCI issues notices to 5 domestic soda ash makers ( Tata Chemicals , DCW , Gujarat Heavy Chemical , Nirma , Saurashtra Chemical) for alleged price manipulation
- Bhushan Steel rights issue at Rs 335, ratio 1 share for 15 shares held
- PNB approves preferential issue of 1.28 crore shares GoI and 1.58 crore shares to LIC at Rs 1003.69/sh
- Monnet Ispat buy back at maximum Rs 500/sh
- MSP Steel and Power defers preferential issue of 1 crore shares to promoters and non promoters
- Hero Motocorp inks technology sourcing pact with Erik Buell Racing
- Vakrangee Software board meet today to consider bonus Issue, stock split and hike in authorized capital
- DLF to sell 350 flats for Rs 500 crore in Gurgaon
-Tera Software board meet on February 29 to consider issue of warrants - Pritish Nandy Communication board meet on March 2nd to consider raising of additional funds
-Stocks in F&O ban includes - ABG Shipyard and Alok Textiles

  

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