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Last Updated : Apr 12, 2016 10:03 AM IST | Source: Moneycontrol.com

Stocks in news: Bharti, L&T, Nestle, Tata Steel, Coal India

Bharti Airtel | Larsen and Toubro | Maruti Suzuki | Nestle India | Tata Steel | Coal India | Aditya Birla Nuvo | Tata Chemicals | BPCL and SAIL are stocks, which are in the news today.

 
 
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Here are stocks that are in news today:


Tata Steel UK
-To sell long products Europe business to Greybull Capital
-Long Products Europe business sold for nominal consideration


TTK Prestige
-TTK Prestige acquires kitchenware business in UK
-Company forms wholly owned subsidiary in UK by name TTK British Holdings
-Subsidiary to acquire branded kitchenware business

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Nestle India
-Central Food Technological Research Institute (CFTRI) reports states 100 percent samples of Maggi Noodles clear
-Lead level in Maggi noodles within permissible limits
-CFTRI report clarifies that monosodium glutamate (MSG) can be used under good manufacturing practice (GMP)
-CFTRI report clarifies that there is no prescribed level for MSG content


DFM Foods
-Westbridge Capital makes open offer for acquiring 26 percent in DFM Foods
-DFM Foods open offer price set at Rs 1,320/share; offer size at approximately Rs 345 crore
Alert: Westbridge currently holds 24.90 percent in DFM Foods
-ICICI Securities is advising Westbridge on the transaction


SAIL
-Likely to report loss in FY16 first time in 13 years: FE
-May need to borrow to meet even the reduced capex


Maruti Suzuki
-Company to add 1 more model and a new Baleno variant to drive sales: ToI
-Move in order to maintain double digit growth


Tata Chemicals
-Signs pact with Sanjana Cryogenics storage for rerouting ammonia pipeline
-Operations to be shutdown for 5 weeks in September-October due to rerouting


BPCL
-To buy PIL's 26 percent stake in Petronet CCK for Rs 78.6 crore
-Board approves raising FII limit to 49 percent from 24 percent


Aditya Birla Nuvo
-Sun Life Financial has increased its stake in Birla Sun Life Insurance, an ABNL subsidiary
-Stake hiked from 26 percent to 49 percent, at an investment of Rs 1,664 crore


Swelect Energy Systems
-Wins 10 MW solar power project in Karnataka
-To acquire unit Swelect Power Systems

Other stocks and sectors that are in news today:
-Dr Reddy's Laboratories buyback offer commences on April 18
-Bharti Airtel says unit Airtel M Commerce gets payments bank license from RBI
-Coal India cuts prices by up to 40 percent as production improves: ET
-L&T withdraws L&T Infotech DRHP due to change in offer structure
-Cairn IndiaVedanta in focus - Government says Cairn Vedanta merger only after settling Rs 10,200 crore tax dispute: PTI
-Adani Ports raises Rs 500 crore worth non-convertible debentures; to be listed on Wholesale Debt Market segment of BSE
-Standard Chartered IDR - Standard Chartered Plc seeks to sell USD 1.4 billion stressed Indian loans
-Rexnord Electronics allots 12 lakh shares to promoters at Rs 24.5/share
-TechNVision Ventures says Solix Technologies partners with Dell Digital Business Services to transform business results with Big Data
-Palred Tech to consolidate shares from face value Rs 5 to face value Rs 10

First Published on Apr 12, 2016 08:01 am
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