Stocks in news: Glenmark, United Brew, SpiceJet, Crompton

IOC OFS subscribed 1.2x-Gets bids for 28.7 crore shares-Retail portion subscribed 0.2x & non-retail subscribed 1.4x

Divestment secretary Aradhana Johri says-A very bad day for markets globally, particularly Asia-IOC OFS is fully subscribed-IOC OFS got subscription worth Rs 11,107 crore-Fall in market has been significant, highest since July 2009-Volatility has been huge, it is a very difficult market-Trading in the secondary market has been exceptionally high-Strong response to IOC OFS despite hugely adverse market conditions-Government raises Rs 9,379 crore from Indian Oil divestment-Have to look for opportunities for other divestments-Retail participation in IOC OFS was lower due to weak market sentiment-Expectation of US Fed Rate hike has nothing to do with Monday's sell-off-Sell-off in China has clearly impacted Indian market-Have been seeing a lot of volatility in market in recent weeks-Will have to rethink our strategy for divestments going forward

SEBI board approves change in rules for FMC's merger with SEBI-SEBI board approves removal of restrictions on maximum number of anchor investors for IPOs above Rs 250 crore-SEBI board approves new regulations for exchanges & brokers in commodity derivatives market-SEBI eases norms for anchor investors in public offers to make it easier to raise funds through primary markets-SEBI proposes to exempt companies from making mandatory open offer in case of increase in promoter holding due to forfeiture of shares

Corporation Bank says-Government's capital infusion is sufficient for this year-Envisaging 10 percent growth for the bank this year-Reducing our bulk credit & focussing on MSME-Seeing signs of revival with government's initiatives-Government is taking steps to revive stalled projects-Expect growth to pick up going forward-Focus remains on reducing NPAs, continuously monitor accounts

DHFL says-Tier-2 & 3 markets constitute the bulk of our markets-See growth coming in from tier-2 markets-Q1 has been fairly strong given that this quarter usually is subdued

Heineken in talks to raise holding in United Breweries to more than 50 percent-Heineken aims to take full management control of United Breweries-Heineken seeking to buy shares from Vijay Mallya & Associates: Reuters sources

Finance ministry official says-Government to take a decision ‘soon’ on AP Shah panel suggestions-Government to issue circular giving relief to FIIs on MAT prior to April 1 soon-Government to make AP Shah panel report public after decision-Government may amend law later in winter or budget session to cement MAT relief-Government may put out roadmap on phasing out corporate tax exemptions next week

Union Bank says-Have put Rs 1,200 crore NPAs on the block for sale to asset reconstruction companies in Q2-Have gotten in touch with 9 payment banks for tie-ups

Other stocks and sectors that are in news today:-Circuit revised to 10 percent from 20 percent: Vakrangee, TIL, Central Bank of India-Chennai Petroleum to get Rs 1000 crore infusion from IOC: BS-Glenmark launches low price Gliptin for diabetes patients: BS-Bhushan Steel eyes Monnet Ispat’s stake in Orissa Sponge-SC asks HC to take call on DLF Park Place’s residents’ plea-Vedanta raises Rs 2,000 crore from SBI through NCDs-Future Retail raises Rs 205 crore via NCDs on private placement basis-IOC to lay Rs 200 crore India Nepal pipeline: FE-SpiceJet plans to start dedicated freighter service in next to quarters: FE