HomeNewsBusinessStocksStocks in news: Pipavav, BHEL, AB Chem, Fortis, Wipro, M&M

Stocks in news: Pipavav, BHEL, AB Chem, Fortis, Wipro, M&M

Coal India | M&M | Pipavav Defence | BHEL | Hindalco | Bank of India | Natco Pharma | Fortis Healthcare | Wipro | Power Grid | Voltas | PI Industries | Alok Industries | AB Chemicals | Himatsingka Seide | Bata India | India Cements | JSPL | IDFC | Grasim Industries and Claris Lifescience are stocks, which are in the news today.

February 12, 2015 / 09:14 IST
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Here are stocks that are in news today:

Results Today: BHEL, Cipla, Coal India, Glenmark Pharma, Hindalco, Bank of India, Indiabulls Real Estate, CESC, GMR Infra, Bajaj Electricals, Dhanlaxmi Bank, Indraprastha Gas, Reliance Capital, MRF, Lanco Infra, Max India, Neyveli Lignite, Page Industries, Tata Communications, Gujarat Gas Company, GlaxoSmithKline Pharma, Bajaj Hindusthan, Career Point, Clariant Chemicals, Claris, Gillette, Elder Pharma, Everonn Education, FACT, Finolex Cables, Future Retail, Hotel Leela Venture, J Kumar Infra, Jindal Stainless, JMT Auto, Kesoram Industries, KNR Constructions, Mahanagar Telephone Nigam, Mangalore Chemicals, Sadbhav Engineering, Oswal Chemicals & Fertilizers, P&G Hygiene, SCI, Shriram EPC, Simplex Infrastructures, Simplex Papers, Sobha, Tamil Nadu Newsprint & Papers, Texmo Pipes,  Tourism Finance Corporation of India, Trident, Triveni Engineering, Valecha Engineering, Ahluwalia Contracts, Ahmednagar Forgings, Allcargo Logistics, Amtek Auto, Amtek India

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M&M/Pipavav Defence-Mahindra and Mahindra to purchase a majority stake in Pipavav Defence and Offshore Engineering (PDOE) for Rs 3,000 crore at Rs 66/share-Along with debt of Rs 6,800 crore and fresh equity that will be issued, the deal is seen as having an enterprise value of 12,000 crore-M&M will first purchase a 19 percent stake in Pipavav Defence from the founders, Chairman Nikhil Gandhi and his brother & MD Bhavesh Gandhi-They own 45 percent of the company-Later, Pipavav Defence will issue preferential shares to the acquirer to raise the latter's stake to 40 percent-In the third phase, MDS will make an open offer to purchase an additional 26 percent stake from the public to abide by takeover guidelines: ET

Claris Lifesciences-Indian pharma giants are competing with global peers to acquire the generic sterile injectables business of Ahmedabad-based Claris Lifesciences: ET-Domestic players such as Zydus Cadila, Lupin and Cipla & multinationals like Amneal Pharmaceuticals and Pfizer have submitted first round bids-Sun PharmaDr Reddy's and Novartis too have been sounded out: ET