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Stocks in news: Idea, Dr Reddy's, HUL, ICICI, MOIL, NMDC, ENIL

Idea Cellular | Dr Reddy's Labs | HUL | ICICI Bank | L&T | MEP Infra | Essel Infraprojects | MOIL | NMDC | BPCL | Tech Mahindra | Navkar Corporation | Shree Pushkar Chemicals | Rajesh Exports | ENIL | Power Finance Corporation and Oricon Enterprises are stocks, which are in the news today.

June 03, 2016 / 08:46 IST
     
     
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    Here are stocks that are in news today:

    Idea Cellular: Sources-Providence puts its 7 percent stake in Idea Cellular on the block-Providence’s 7 percent stake in Idea Cellular worth close to USD 200 million-Idea shares to be sold in block trades at Rs 110.50 -112.50/share-Providence to sell Idea shares at 5.1 percent-6.8 percent discount to current market price-Morgan Stanley is advisor for Idea Cellular block deal

    Dr Reddy's Labs in focus-Mylan launches Vidaza generic in US post approval for the drug in April 2016-Vidaza generic is one of DRL's key contributors to US portfolio-Vidaza generic is a limited competition drug with around 3 players including DRL

    HUL-Foods & refreshments business to be split into two separate businesses-Appoints Sudhir Sitapati as executive director of refreshments business-Appoints Geetu Verma as executive director of foods business-Change is in alignment with category structure of Unilever globally

    Oricon Enterprises & Indiabulls Real Estate-Arm Oricon Properties Private Limited enters into a joint development agreement with Tapir Realty Developers, a subsidiary of IndiaBulls Real Estate-To develop its 7810 square meters plot situated at Dr E Moses Road, Worli, Mumbai

    Power Finance Corporation-Acquires stake in Shree Maheshwar Hydel Power Corp-Stake in SMHPCL acquired on converting sub-debt loan to equity-Post conversion, company now holds 23.32 percent stake in Shree Maheshwar Hydel Power

    ENIL-Starts 4th channel from Phase 3 acquisition-Starts radio station at Hyderabad

    ICICI Bank-Picks bankers for ICICI Prudential IPO-Seeks to raise Rs 6,000 crore via IPO-Appoints Citi, CLSA, UBS, Deutsche Bank, JM Financial, IIFL and Edelweiss

    Other stocks and sectors that are in news today:-MOIL to consider share buyback proposal on June 7-NMDC board to consider share buyback proposal on June 7-BPCL gets shareholder nod to increase FII investment limit to 49 percent-Tech Mahindra gets USD 75 million, 5-year contract as prime integrator for Sysmod project-Navkar Corporation unit gets order for operation of KRIBHCO's container freight station-Career Point invests Rs 1.4 crore in unit Career Point Institute of Skill Development-Shree Pushkar Chemicals commissioned additional capacity of vinyl sulphone as on May 31-TVS Motor Company launches powerful four stroke TVS XL 100 in Himachal Pradesh-Mahindra launches eVerito, India's 1st zero-emission, all-electric sedan-Asian Granito new product launch: 1000x1000mm jumbo double charge vitrified tiles and 800x800mm imperio double charge vitrified tiles-Rajesh Exports eyes buy of old refinery in Dubai: ET-L&T/ MEP/ Essel Infraprojects in focus - NHAI to take back 3 stranded road projects from builders: FE

    first published: Jun 3, 2016 08:01 am

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