Stocks in news: Mangalore Chem, Karnataka Bank, L&T, STC

Here are stocks that are in news today:

Bajaj Auto union says
-Union from Waluj has expressed support for strike
-Met union at Waluj plant 2 days ago
Alert: Bajaj Auto moved part production of Pulsar to Waluj post strike

Hindustan Media Ventures - Offer for sale (OFS) – CMP Rs 127.50
-Floor price for OFS set at Rs 120/share
-To divest 19.39 lakh shares in Hindustan Media Ventures
Alert: HT Media holds 76.94 percent stake in Hindustan Media Ventures

Cabinet Committee on Economic Affairs (CCEA) likely to consider STC, ITDC stake sale proposal today – PTI
-Department of Divestment (DoD) sought cabinet nod to offload 5 percent stake in ITDC and 1.02 percent in STC
-Government currently holds 92.11% stake in ITDC and 91.02% stake in STC
-Govt is required to bring down its stake in these two companies to 90 percent by August 8

Sources on Neyveli Lignite (NLC) divest: PTI    
-Finance ministry to seek SEBI waiver for Tamil Nadu (TN) PSUs in NLC divestment 
-Finance ministry to ask SEBI to give preference to TN PSUs in picking up stake

Mahindra Lifespaces puts up its Marquee Asset, Great Eastern Mill property for sale: Sources
-Lodha, Sunteck Realty, Peninsula Land and Sheth Developers race to buy Mahindra project
-Market expects deal to be sealed at around Rs 500 crore

Kalindee Rail (CMP at Rs 61/share)
-Board meet today to consider raising fund via preferential issue
-Jupiter Metal to buy 37.2 lakh shares of company at Rs 65/share via open offer

Ex-Dividend
-Karur Vysya Bank – Rs 14/share
-Swaraj Engine – Rs 20/share
-Thermax - Rs 7/share

Pioneer Distilleries (CMP Rs 61.95)
-United Spirits (USL) holds 81.58 percent stake
-Diageo to make an open offer for remaining 18.42 percent stake at Rs 64.02/share

Other stocks and sectors that are in news today:
-Mangalore Chemicals and Fertilizers (CMP at Rs 61.7/share, closed 10 percent higher): Zuari Agro buys 41.4 lakh shares i.e. 3.5 percent stake at Rs 61/share
-Karnataka Bank (CMP Rs 113): BNP Paribas Arbitrage buys 15 lakh shares i.e. 0.8 percent stake at Rs 113.63/share
-Apollo Tyres (CMP Rs 63/sh): Morgan Stanley Asia buys 27 lakh shares i.e. 0.5 percent stake at Rs 63.4/share
-L&T goes ex-bonus today in ratio of 1:2 – CMP at Rs 1413/share

SC on coal block:
-Coal probe report shows CBI struggling for documents from GOI
-Probe report shows no system in place for coal block award
-Coal probe report shows blocks given without state recommendations
-Lack of transparency in allocation of coal blocks