Stocks in news: Tata Steel, Jet airways, NMDC, GSK Consumer

Here are stocks that are in news today:

GSK group
Announces voluntary open offer to increase stake in GSK Consumer Healthcare
To up stake to 75% from 43.2%
GSK group's offer of Rs 3900/sh is at 27.9% premium to CMP of Rs 3,049.35
HSBC Securities acting as manager to the offer.
Potential total value of GSK group's transaction approximately Rs 52.2 billion

Divestment Secy Says
Govt average price of Rs 156.83/sh
Hind Copper share sale a success
Local, FIIs bid for Hind Copper shares
To divest stake in NMDC in 1st fortnight of December
Expect over Rs 7,000 Cr from NMDC stake sale
To decide Hind Copper 2nd tranche share sale today
Hind Copper 2nd tranche share sale before March-end
See no problem in meeting FY13 divestment target

CNBC-TV18 Exclusive
Hind Copper CMD Says
Many institutional investors participated
'No FIIs have participated, we did not approach them'
Yet to receive break-up of institutional investors
LIC may have participated in issue, yet to get full details

Govt Sources Say:
NMDC divestment likely before December 15
To appoint merchant bankers for NTPC divestment soon
MMTC divestment likely in 2 Tranches
Oil India divestment roadshow likely in December

Fin Min Sources Say:
SAIL stake sale of 10.52% likely in February 13
Expect to raise Rs 600-650 cr from stake sale of SAIL
Balance of 5.59% to be offered within this fiscal
Hindustan Copper issue oversubscribed

FM Says:
Hope to garner Rs 30,000 cr via divestment in FY13
Hind Copper issue shows resumption of divest process
Happy Hind Copper issue was fully subscribed
To go ahead with approved divestment plans

Blue Dart OFS Update:
Subscribed 3.5 times; raises about Rs 950 cr
6.03% stake sale subscribed at an average price of Rs 1833.08/share

VC Circle Exclusive:
Etihad set to pick 24% in Jet airways in $400 m deal
Etihad-Jet airways deal expected to be of Rs 2200 cr

Govt Sources Say: Newswire 18
Hope to mop-up Rs 6,500-7,000 cr via NMDC share sale
Hope to raise Rs 2,000-2,500 cr from Oil India divestment

M&M may finalize Aston Martin deal this week – Reports
Aston Martin owner denies bids received – Mint
(M&M may invest $ 190 -320 m initially to pick up 40% stake in British Car maker, valuing it over $ 1 billion)

Tata Steel cuts 900 jobs across UK: Agencies
Tata Steel Says
Management & administration functions to be restructured
Promised changes to lead to net loss of 900 jobs in UK
Restructuring to lead to loss of 500 employees at Port Talbot, South Wales
155 job losses at, 120 in West Midlands & 30 in Teesside
Co to restart blast furnace 4 in first quarter of 2013
Making no of changes at steel finishing & processing sites in UK

SBI Says
No associate bank merger on cards immediately
NPA situation tad better, but all problems not over
SBI to take view on lending, deposit rates in Dec 1st week
See stress in construction, textile & steel sectors
Deposit growth good, credit deployment not high so far
See 30% growth in FY13 home loan disbursement

CCI approves merger between two iGate group firms
Merger between iGATE Computer Systems & iGATE Global Solutions

Coal Min issues letter for deduction of BG for Seregarha coal block – DNA  
Alert - Seregarha coal block jointly allotted to Arcelor - Mittal and GVK Power

Other stocks and sectors in the news
Honda overtakes Hero Motocorp in 125-150cc segment bike sales – BS
EGoM considering meeting on Dec 12 to decide NMDC stake-sale floor price - NW18
Ranbaxy issued Redeemable NCDs worth Rs 500 cr
Gujarat NRE Coke issues & allots FCCBs aggregating $20 m
Sesa Goa may start importing iron ore to run pig iron plant: PTI
Rockwell Collins ties up with Tata Power to bid for an Indian Airforce contract – DNA
Jindal Poly Films board meets today to consider scheme of restructuring
Kavveri Telecom board meets today to consider merger of Kavveri Telecom Infra with itself
Titagarh Wagons to demerge rail coaches & heavy earth moving & mining equipment divisions