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
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
