STOCKS ALERT – 25.06.2014
* ANJANI PORTLAND: CHETTINAD CEMENT CORP open offer for 4.78 mln shares
of the company opens today.
* ASHOK LEYLAND: Plans to seek about $100 mln from a sale of shares to
institutional investors.
* ASTRAZENECA PHARMA INDIA: SEBI has said the company can purchase shares
in the delisting offer only after seeking approval of the stock exchanges and has asked the
exchanges to monitor the bid closely.
* DCM SHRIRAM: The company has sold a textile spinning unit in Rajasthan for 171.2
mln rupees.
* DLF: Competition Commission of India has ordered probe against company arm in a
Gurgaon project. The company will sell its information technology park in Pune, and is
eyeing 3 bln rupees from the sale, which it will use to reduce its debt.
* ENGINEERS INDIA: Has been granted 'Navratna' status by the Department of Public
Enterprises.
* FINANCIAL TECHNOLOGIES INDIA: A Mumbai court rejected the bail application
of company Managing Director Jignesh Shah.
* INDIAN HOTELS CO: Will issue nine compulsory convertible debentures for every 40
equity shares of the company at 55 rupees each, by way of a rights issue.
* INFOSYS: Company's plan to create 50,000 jobs in over a decade in Karnataka has hit
a snag with the state not showing enough urgency in creating critical
infrastructure such as road or rail connectivity, and water and power supply.
* INOX LEISURE: Has launched a multiplex at Dreamz Mall in Gurgaon, Haryana.
. INTERLINK PETROLEUM: Enso Oil & Gas has entered a memorandum of
understanding with Loyz Energy to acquire a stake in company.
* LUPIN: The company is looking to enter new geographies and is scouting for
companies in Japan where it has a presence.* MANGALORE CHEMICALS AND FERTILIZERS: SEBI has sought clarifications
from two rival bidders who have made offers for acquisition of additional stake in
the company.
* MARUTI SUZUKI INDIA: Company intends to launch six new cars in the next few
months, of which four will be priced in the 600,000 to 1.4 mln rupees range.
* NHPC: Finance ministry is working on draft Cabinet notes for 5% stake dilution in
company.
* NOVARTIS INDIA: Has launched an over-the-counter pain reliever Voltaren Emulgel,
which is a combination formulation of cream and gel, in India.
* PARSVNATH DEVELOPERS: ITF Mauritius sold 2.2 mln shares, or 0.51% stake, of
company at 33.2 rupees per shares. Plans to either sell 10-bln-rupees worth land parcels
in south-west India or form joint ventures with local builders for development.
* POWER FINANCE CORP: Finance ministry is working on draft Cabinet notes for 5%
stake dilution in company.
* QUINTEGRA SOLUTIONS: Roseburg sold 151,666 shares, representing 0.57% stake
in company, at 1.15 rupees per share.
* RELIANCE COMMUNICATIONS: Opened its qualified institutional placement of
shares at an offer price of 142.1 rupees a share to raise funds to repay debt. Plans to raise
43 bln rupees by way of a qualified institutional placement of shares and a preferential
offer to promoters.
* RELIANCE INDUSTRIES: The petroleum ministry has proposed that state-owned
companies deduct $115 mln from payment due to the company from their purchase of
crude oil and natural gas from KG-D6 block and deposit it in a government account. The
petroleum ministry plans to issue a fresh notice to the company levying an additional
penalty of $579 mln on account of natural gas production shortfall from KG-D6 block for
the year 2013-14 (Apr-Mar).
* RELIANCE INFRASTRUCTURE: Bombay HC has declined to interfere in a dispute
over fares of Mumbai Metro services run by company and dismissed a plea filed by the
state government against the company's plans to hike fares.
* RICOH INDIA: To mull issue of three-year non-convertible debentures on Jul 1.
* RURAL ELECTRIFICATION CORP: Finance ministry is working on draft Cabinet
note for 5% stake dilution in company. Shareholders have approved the company's
proposal to raise its borrowing limit to 2 trln rupees, and in any foreign currency
equivalent to $6 bln.* TATA COFFEE: Will seek approval of shareholders to re-allow borrowing limit of 10
bln rupees, in order to meet its long-term fund requirement.
* TATA STEEL: Construction at the company's Kalinganagar steel plant in Odisha
remained stalled for the second day after Monday's clash between labourers and security
staff.
* TTK PRESTIGE: Eyes overall revenue growth of 15% in the current financial year.
* THE PHOENIX MILLS: Nordea 1 SICAV, through its Emerging Consumer Fund, sold
1.5 mln shares, representing 1.04% stake, in company at 303.3 rupees per share.
* WARTSILA INDIA: The company is eyeing the cement industry for the combined heat
and power business opportunities it offers.
* YES BANK: Bombay High Court has asked the bank to submit annual general meeting
video in court by Friday
* ANJANI PORTLAND: CHETTINAD CEMENT CORP open offer for 4.78 mln shares
of the company opens today.
* ASHOK LEYLAND: Plans to seek about $100 mln from a sale of shares to
institutional investors.
* ASTRAZENECA PHARMA INDIA: SEBI has said the company can purchase shares
in the delisting offer only after seeking approval of the stock exchanges and has asked the
exchanges to monitor the bid closely.
* DCM SHRIRAM: The company has sold a textile spinning unit in Rajasthan for 171.2
mln rupees.
* DLF: Competition Commission of India has ordered probe against company arm in a
Gurgaon project. The company will sell its information technology park in Pune, and is
eyeing 3 bln rupees from the sale, which it will use to reduce its debt.
* ENGINEERS INDIA: Has been granted 'Navratna' status by the Department of Public
Enterprises.
* FINANCIAL TECHNOLOGIES INDIA: A Mumbai court rejected the bail application
of company Managing Director Jignesh Shah.
* INDIAN HOTELS CO: Will issue nine compulsory convertible debentures for every 40
equity shares of the company at 55 rupees each, by way of a rights issue.
* INFOSYS: Company's plan to create 50,000 jobs in over a decade in Karnataka has hit
a snag with the state not showing enough urgency in creating critical
infrastructure such as road or rail connectivity, and water and power supply.
* INOX LEISURE: Has launched a multiplex at Dreamz Mall in Gurgaon, Haryana.
. INTERLINK PETROLEUM: Enso Oil & Gas has entered a memorandum of
understanding with Loyz Energy to acquire a stake in company.
* LUPIN: The company is looking to enter new geographies and is scouting for
companies in Japan where it has a presence.* MANGALORE CHEMICALS AND FERTILIZERS: SEBI has sought clarifications
from two rival bidders who have made offers for acquisition of additional stake in
the company.
* MARUTI SUZUKI INDIA: Company intends to launch six new cars in the next few
months, of which four will be priced in the 600,000 to 1.4 mln rupees range.
* NHPC: Finance ministry is working on draft Cabinet notes for 5% stake dilution in
company.
* NOVARTIS INDIA: Has launched an over-the-counter pain reliever Voltaren Emulgel,
which is a combination formulation of cream and gel, in India.
* PARSVNATH DEVELOPERS: ITF Mauritius sold 2.2 mln shares, or 0.51% stake, of
company at 33.2 rupees per shares. Plans to either sell 10-bln-rupees worth land parcels
in south-west India or form joint ventures with local builders for development.
* POWER FINANCE CORP: Finance ministry is working on draft Cabinet notes for 5%
stake dilution in company.
* QUINTEGRA SOLUTIONS: Roseburg sold 151,666 shares, representing 0.57% stake
in company, at 1.15 rupees per share.
* RELIANCE COMMUNICATIONS: Opened its qualified institutional placement of
shares at an offer price of 142.1 rupees a share to raise funds to repay debt. Plans to raise
43 bln rupees by way of a qualified institutional placement of shares and a preferential
offer to promoters.
* RELIANCE INDUSTRIES: The petroleum ministry has proposed that state-owned
companies deduct $115 mln from payment due to the company from their purchase of
crude oil and natural gas from KG-D6 block and deposit it in a government account. The
petroleum ministry plans to issue a fresh notice to the company levying an additional
penalty of $579 mln on account of natural gas production shortfall from KG-D6 block for
the year 2013-14 (Apr-Mar).
* RELIANCE INFRASTRUCTURE: Bombay HC has declined to interfere in a dispute
over fares of Mumbai Metro services run by company and dismissed a plea filed by the
state government against the company's plans to hike fares.
* RICOH INDIA: To mull issue of three-year non-convertible debentures on Jul 1.
* RURAL ELECTRIFICATION CORP: Finance ministry is working on draft Cabinet
note for 5% stake dilution in company. Shareholders have approved the company's
proposal to raise its borrowing limit to 2 trln rupees, and in any foreign currency
equivalent to $6 bln.* TATA COFFEE: Will seek approval of shareholders to re-allow borrowing limit of 10
bln rupees, in order to meet its long-term fund requirement.
* TATA STEEL: Construction at the company's Kalinganagar steel plant in Odisha
remained stalled for the second day after Monday's clash between labourers and security
staff.
* TTK PRESTIGE: Eyes overall revenue growth of 15% in the current financial year.
* THE PHOENIX MILLS: Nordea 1 SICAV, through its Emerging Consumer Fund, sold
1.5 mln shares, representing 1.04% stake, in company at 303.3 rupees per share.
* WARTSILA INDIA: The company is eyeing the cement industry for the combined heat
and power business opportunities it offers.
* YES BANK: Bombay High Court has asked the bank to submit annual general meeting
video in court by Friday
