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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
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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 decontrol

World 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&T

Suzlon 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 2014

Pantaloon 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 crore

Indiabulls 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, 2012

RCF 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 RCF

Financial 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 uncertainty

Other 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

first published: Mar 11, 2013 08:28 am

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