Here are stocks that are in news today:
Hindustan Unilever (HUL) open offer closes today (CMP Rs 587)-Open offer price Rs 600/share
-Voluntary open offer for 22.52 percent equity
-Total deal size for around Rs 29220 crore
-Unilever PLC looking to increase stake to 75 percent Mangalore Chemicals – Hostile Takeover?
Deepak Fertilisers CMP Rs 94
-Acquires 24.46 percent stake i.e. 2.9 crore in Mangalore Chemicals at Rs 61.75/share
-Deal size Rs 180 crore for 24.46 percent or 2.9 crore shares
Prominent seller
-DSP Blackrock sells 28.8 lakh shares i.e. 2.4 percent stake at Rs 63/share
-Sundaram BNP Paribas MF sells 30 lakh shares i.e. 2.5 percent stake at Rs 63/share
-Indian Syntans sells 40 lakh shares i.e. 3.4 percent stake at Rs 63/share
-Robust Marketing sells 54 lakh shares i.e. 4.6 percent stake at Rs 56.25/share UB group says:
-There is no takeover battle for Mangalore Chemicals
-Will retain control over Mangalore Chemicals
Zuari says:
-Evaluating all options; intend to be long-term investor in company
-Still early to comment on anything Future Ventures to list today
-Listing price expected to be between Rs 6.5 to Rs 9.5/share
-Future Ventures got delisted on June 21st around Rs 9/share level with market capitalisation of Rs 1500 crore Mahindra Satyam - Stop trading today
-Today Satyam shares will get merged into Tech Mahindra
-Record date July 5th; swap ratio 2:7
-Mahindra Satyam shareholders to get 2 shares of Tech Mahindra of Rs 10 each for every 17 shares held Cabinet clears Food Ordinance
-Bill has to be passed by Lok Sabha (LS) & Rajya Sabha (RS)
-Govt will try to get LS & RS nod during monsoon session
-Food Subsidy outgo due to food bill at Rs 1.24 lakh crore for FY14
-Estimated additional food subsidy outgo at Rs 23800 crore Food security Bill covers 67 percent of Indian population
-Beneficiaries to get 5 kg grain per person per month
-Rice at Rs 3/kg, Wheat at Rs 2/kg and Coarse Grain at Rs 1/kg Hindustan Copper offer for sale (OFS) – CMP Rs 70.40
-Subscribed 1.18 times; gets bids for 4.38 crore shares
-Indicative price at Rs 70/share
Alert: Govt divests 4.01 percent stake (3.71 crore shares) in company
Govt says
-Have raised Rs 260 crore from Hindustan Copper divestment Govt:
-Coal Ministry allots 4 coal blocks to NTPC and 2 coal blocks to Neyveli Lignite (NLC)
-14 coal blocks to cater to 31,800 MW capacities
-Coal blocks allotted to NTPC has geological reserves of 1,995 mt
-Coal blocks allotted to NLC in Jharkhand & Chhattisgarh; have reserves of 675 mt Alstom India
-Gets order worth Rs 102 crore from BHEL
-Order from BHEL for Suratgarh power plant, Rajasthan
Sadbhav Engineering JV gets Rs 222 crore Delhi Metro Rail order
-Sadbhav Engineering board meets to consider preferential allotment of equity and/or warrants
-Allotment to promoter/promoters group
-Company also to consider right issue to shareholders Other stocks and sectors that are in news today:
-Ajay Piramal to buy 10 percent in Shriram Capital for Rs 700 crore – ET
-Lobbies hurting Jet Airways deal – civial aviation minister Ajit Singh – reports
-NSE issues show-cause notice to Prime Securities – FE (Prime is listed) – Prime owes Rs 100 crore
-Bajaj Auto union digs in heels, won't accept court notice, prolonging labour dispute – FE
-Sundaram-Clayton Institutional placement programme (IPP) this week
-CCL Products (CMP 301) board approves stock split from Rs 10 to Rs 2, issues bonus shares 1:1
-Madras HC on NLC - Passes interim stay; asks unions not to go on strike
-Bank of India to reduce base rate by 25 bps to 10 percent effective July 8
-JSW Energy (CMP Rs 44.65) promoters pledge 1.86 crore shares in company
-JSW Steel (CMP Rs 610) promoter pledges 10.6 lakh shares in company AGM
-IRB Infrastructure
-Sabero Organics
-Uniphos Enterprises AGM to consider bonus issues
-Petronet LNG
-Indo Rama Synthetics
-Kajaria Ceramics
-PNB Gilts Ex Dividend – AGM
-Bajaj Auto - Rs 45/share
-Bajaj Holding – Rs 25/share
-Bajaj Finance – Rs 15/share
-Canara Bank – Rs 13/share
-Kotak Mahindra Bank – 70 paise/share
-Maharashtra Scooters – Rs 20/share
-M&M Financial Services – Rs 3.6/share
-Mastek – Rs 3/share
-Nilkamal - Rs 4/share
-Sasken – Rs 4.5/share
-United Phosphorous – Rs 2.5/share
-Atul Auto - Rs 6/share
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