Stocks in news: Lanco Infra, Gitanjali, RIL, AP Paper
Lanco Infra | Gitanjali Gems | Mcnally Bharat | RIL | Piramal Healthcare | GAIL | Energy Development | Plethico Pharma | AP Paper Mills | Advanta India and DB Realty are stocks, which are in the news today.
March 30, 2011 / 10:46 IST
Here are stocks that are in news today:
International Paper to acquire majority in AP Paper Mills (CMP Rs 197)
-To buy 53.5% for USD 257 million + 21.5% open offer for USD 104 million
-Deal valued at Rs 1,150 crore (USD 270 million) in cash.
-International Paper also agreed to Rs 280 crore (USD 62 million) non-compete payment to the sellers
-International Paper paying significant premium to existing market price
((Deal struck at around Rs 542/share, not counting the non-compete fee to the Bangurs))Feb infrastructure sector growth at 6.8% versus 4.2% (YoY)
-April-February infra sector growth at 5.7% versus 5.4% (YoY)Advanta India says: from NewsWire18
-To raise Rs 400 crore via equity in 2-3 months
-Evaluating fund raising via rights issue
-To finalise fund raising route in 15 days
-To raise funds to reduce high debt burden
DB Realty says: From agencies
-None of the arrested officials have done anything illegal
-Fully support arrested officialsEnvironment Ministry sources say: CNBC-TV18 exclusive
-May amend Environment Protection Act, 1986 to increase penalty for Lavasa
-MD Mallya to take over as IBA chairman from April 12G scam update
-CBI to file charge sheet in 2G spectrum case on April 2
-CBI to name 5 individuals, 2 companies in charge sheet
-CBI to file supplementary charge sheet on April 25, May 31
-SC allows CBI, ED to present charge sheet on April 2
-CBI says SC to look into CBI chargesheet on April 1
-2G scam update CBI to file charges under sections 420, 468, 471 of CRPC
-SC says all matters to be taken up after charge sheet filedCBI Says
-Swan Tele ineligible for license
-Swan Tele was associate company of Reliance Communications; ineligible to apply
-Probe reveals name of Loop MD, 2 others
-Co-promoter of 1 realty company also involved
-CBI charge sheet to run into 20,000 pages per accused
-2G accused to be charged with forgery
-2G accused to be charged with violation of eligibility norms
-DoT cheated on account of non-revision of entry fee
-To complete dual tech probe by May 31, 20112G scam update
-CBI probe into Sadiq Batcha to be taken up by SC on April 1
-Shanti Bhushan seeks probe in all telco matters since 1999Other stocks and sectors that are in news today:
-PTC India Financial Services IPO lists today
-Lanco Infra has raised debt of Rs 5500 crore from PFC to finance its 1320 mw power generation unit in Chhattisgarh (ET)
-PE firm L Capital likely to pick up a minority stake in Gitanjali Gems for around USD 100-125 million (BS)
-BPCL may not diversify into petro-chemicals & power as the company is unable to raise the required funds (FE)
-Mcnally Bharat bags an order of Rs 115 crore from Neyveli Lignite for construction related work (FE)
-Ministry to give a go ahead to RIL to offload its 30% stake to BP creating a largest FDI of Rs 32,184 crore (Mint)
-Piramal Healthcare eyeing acquisitions in contract manufacturing of medicines in USA & Europe (Mint)
-GAIL to borrow Rs 2240 crore from overseas market in the year starting April 1 to take benefits of the lower interest rates in financing projects (Mint)
-Tata Tele likely to announce a Rs 3000 crore IPO this week to fund network expansion (DNA)
-Energy Development Contract awarded worth 20 crore
-Plethico Pharma: Q3 results today
-Aventis Pharma: ex-dividend at Rs 51/share
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