Stocks in news: Tulip, Subex, Berger Paints, L&T, Suzlon
ACC | Tulip Telecom | Amtek Auto | Subex | GMR | Berger Paints | M&M | Indiabulls Financial | Pantaloon Retail | Nalco | L&T and Suzlon Energy are stocks, which are in the news today.
March 11, 2013 / 15:02 IST
Here are stocks that are in news today:
Empowered group of ministers (EGOM) to decide NALCO floor price today
-Govt to sell 12.5 percent stake
-Offer for sale (OFS) likely on Wednesday
-Govt to fetch around Rs 1400 crore Food Minister
-Cabinet may decide on sugar decontrol this week
-Have sent cabinet note on sugar decontrolWorld Bank bars L&T for 6 months on charges of forgery: PTI
-World Bank says L&T senior executive involved in medical equipment bid forgery: PTI
-L&T says taken steps to prevent such incidents
-World Bank sanction unlikely to have significant impact on operations: L&TSuzlon board okays decisions pertaining to equity issuance under corporate debt restructuring (CDR)
Suzlon
-To issue 78.37 crore equity shares at Rs 18.51/sh on preferential basis
-78.37 crore shares to be issued to CDR lenders
-To issue 12.52 crore equity shares to non CDR lenders at Rs 18.51/sh
-Out of total, 42 crore equity shares to be issued in April
-Rest shares to be issued in 1 or more tranches till September 2014Pantaloon India:
-To sell 22.5 percent stake in Future Generali India Life Insurance
-To sell 22.5 percent stake in Future Generali India Life Insurance to IITL
Alert: IITL is Industrial Investment Trust
Alert: CNBC-TV18 had reported the deal in November 2012
-Sources say Pantaloon to sell 22.5 percent in Future Generali for over Rs 300 croreIndiabulls Financial to merge with Indiabulls Housing Finance
-Indiabulls Financial, Indiabulls Housing merger share swap at 1:1
M&M:
-To replace certain parts for select batch of XUV500
-Parts replacement for models manufactured during 2011, 2012RCF OFS
-Subscribed 1.3 times; raises Rs 310 crore
-Gets bids for 8.89 crore shares at an indicative price of Rs 45.02/share
-Govt divests 12.5 percent stake (6.89 crore shares) in RCFFinancial Stability and Development Council (FSDC) regulators to monitor financial conglomerates
Alert: FSDC sub-committee met in capital today
-FSDC says sub-committee discussed euro zone uncertaintyOther stocks and sectors that are in news today:
-Berger Paints to make strategic announcement today (Press conference at 3.30pm)
-GMR may sell 5-star hotel at Hyderabad airport for Rs 300-350 crore: PTI
-Independent director and activist Anil Singhvi sees Subex revival by June 2013: TOI
-Coal India abuses monopoly - CCI: ET
-Amtek Auto set to buy German company Neumayer Tekfor: Agencies
-Govt plans to ease, scrap FDI sectoral limits, reforms to set up FDI flows to rein in current account deficit (CAD): ET
-Round 2 of spectrum auction from today
-Tulip Telecom lenders likely to approve restructuring package for its Rs 1800 crore debt by month end: FE
-Hitachi Home rights issue opens on March 14, closes on March 21, ratio 1 share for 5 shares held, at Rs 130/share
-ACC merges Encore Cements with itself; renames it as Vizag Cement Works
-SME: Sunstar Realty Development to list today, issue price at Rs 20 per share Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
