Stocks in news: Max India, Dish TV, Hexaware, Cupid, DLF, NALCO

Mahindra and Mahindra-Incorporates Merakisan Private Limited as a subsidiary of Mahindra Univeg Private Limited (subsidiary of M&M) w.e.f. July 13, 2016 with initial share capital of 10,000 shares at Rs 10 per share worth Rs 1 lakh-The company intends to procure & market agricultural produce including fruits & vegetables

Godrej Industries-Seeks shareholder nod to invest up to Rs 300 crore in Godrej Properties-Seeks shareholder nod to invest up to Rs 300 crore in Godrej Agrovet

Hinduja Ventures-To acquire 5.82 percent of IndusInd Media & Communication (IMCL) of Rs 10 each at a premium of Rs 456/share and 26.02 percent preference shares of Rs 10 each at par from Grant Investgrade (subsidiary)-Post acquisition holding to increase from 56.09 percent to 61.91 percent

IndiaNivesh-To acquire 100 percent stake in IndiaNivesh Wealth Management for Rs 2.14 crore in cash-Market capitalisation Rs 174 crore, FY16 sales at Rs 24 lakh, FY15 cash at Rs 27.72 lakh

Prakash Industries-Alloted 5.29 lakh equity shares to foreign currency convertible bond (FCCB) holders as per the conversion terms-Share capital increased from Rs 135.0714 crore to Rs 135.6 crore

Omkar Speciality-Promoter sold 17.25 lakh shares to bring down pledged shares-16.65 lakh shares de-pledged-Proceeds used to reduce debt

Corporate Actions-Grindwell Norton – Bonus 1:1-Ganesh Housing – Bonus 1:2

Other stocks and sectors that are in news today:-ITC bonus shares allotted on June 7 can be traded w.e.f. today-Listings today - Max India, The Grob Tea Company-Baring PE Asia is in exclusive talks with Hong Kong-based PCCW to sell majority stake in Hexaware: FE-Titagarh Wagons (original court order on February 15, 2016) files court order copy, which sanctions the scheme of amalgamation of subsidiary companies with itself, and submits to the registrar of companies w.e.f. July 13-Cotton exposed stocks: Cotton output may fall to 5-year low-Dr Reddy's Labs recalls 9330 Sirolimus bottles in US: FE-Bharat Financial Inclusion to raise Rs 600 crore via qualified institutional placement: Mint-Tata Steel to expand Kalinganagar plant in Odisha: Mint-Marico eyes Rs 10,000 crore revenue in 5 years: Mint-Italian luxury brand valentine to tie up with DLF to enter India: ET-Mindtree launches Decision Moments platform for data analytics-SRS board withdraws decision to split from Rs 10/share to Re 1/share, which was originally approved on June 22, 2016-Max Healthcare set to buy remaining 49 percent in Saket City Hospital for Rs 300 crore: ET-APCO, Ramky Infra & GR in race for Delhi – Meerut Expressway worth Rs 2,000 crore: ET-Capital First board meeting on July 18 to consider & approve private placement of non-convertible debentures (NCDs)-Bank of India to redeem 9.35 percent upper Tier II bonds on July 30-Intec Capital - CARE downgrades long term rating from CARE BBB+ to CARE BBB-Dish TV - Veena Investment, a promoter group company proposes to acquire up to 11.4 percent (12.15 crore shares) at Rs 91.74/share-Oppenheimer Fund reduces stake in Zee Entertainment to 7.06 percent in July 2016 against 9.07 percent in March 2013-Atlanta board meeting approved redemption of 25 lakh, 25 percent non-cumulative redeemable preference shares at a premium of Rs 40/share in 4 instalments of 6.25 lakh shares each-Anjani Foods board meeting on July 18 to approve draft scheme of amalgamation of Sai Aditya Foods & Retail (subsidiary) with itself-NALCO granted mining lease of Pottangi bauxite mines-L&T Infotech IPO oversubscribed 11.6 times