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HomeNewsBusinessStocksStocks in news: Spanco, Syndicate Bank, R Power, Tata Steel

Stocks in news: Spanco, Syndicate Bank, R Power, Tata Steel

Spanco | Syndicate Bank | Karur Vysya Bank | Reliance Power | Tata Steel | Gammon India | Uttam Galva | Abbott India | Power Trading Corp and Hero Honda are stocks, which are in the news today.

February 25, 2011 / 08:38 IST

Here are stocks that are in news today:

Results today: Areva T&D, BOC India

Hero Group - CNBC-TV18 Exclusive
-6 PEs to invest in Hero Investments
-Investors include Bain Capital, Carlyle Group, KKR,
-Investors include Govt Of Singapore, Warburg Pincus, TPG
-Hero to issue fresh issue, sell existing stake in HIPL
-PEs to hold up to 45% of expanded equity of HIPL
CNBC-TV18 alert:
-Hero investment seeks FDI nod for up to Rs 4,250 crore
-BM Munjal holds 100% stake in HIPL
-HIPL currently holds 17.33% in Hero Honda

Hero Honda: Sources
-Hero Honda to raise USD 749 million via short-term debt issue
-Hero Honda to use short-term debt to acquire 26% Honda stake
-Hero-Honda likely to complete deal by March 31, 2011
-Hero group to raise funds via 3 & 12 months bond issue
-Coupon rate to be finalized in a couple of days

Fortis Global Healthcare buys Cancer Hospital in Singapore for Singapore dollar 33 million
Malvinder Singh says - CNBC-TV18
-Singapore a very important healthcare market
-This deal gives us a small foot in strategic market
-This was the only greenfield target hospital available
-Growth in Asia, Australia to be via buys for next 2 years
-Acquisition will be via promoter co Fortis Global
-Reached sales of USD 300-400 million through recent acquisitions

CBI sources say Sanjay Ubale, CEO, Tata Realty questioned by CBI
CNBC-TV18 alert:
-CBI questioning corporates in 2G Scam case
CBI sources say
-Dilip Modi, MD, Spice Telecom questioned by CBI
-Shamik Das, CEO, S-Tel questioned by CBI
-Shankaran, Director, S-Tel questioned by CBI
-CBI questioned Sandeep Basu, CEO, Loop Tele again
-V Srinivasan, CEO, Siva Group questioned by CBI

Power Trading - Sources
-Power Trading Corp to launch PE Fund
-UK Based Ashmore likely to invest in fund
-PTC in talks with other investors for PE Fund

Loop Tele files affidavit in SC
Loop Tele to SC:
-Essar Group not behind Loop license acquisition
-Essar Group did not fund Loop Tele or Khaitan Group
-Khaitan Group invested Rs 2,951 crore in Essar debt
-Khaitan Investments between October 2005-July 2006

Other stocks and sectors that are in news today:
-Abbott India to seek shareholder ok for Solvay Pharma merger on March 23
-Kotak Mahindra Bank hikes base rate by 50 bps to 8.75%
-Gammon India

first published: Feb 25, 2011 08:33 am

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