STOCKS ALERT – 01.07.2014
* ABAN OFFSHORE: The company plans to raise 4.5-7.5 bln rupees through a
qualified institutional placement of 6.5-10.8 mln equity shares today.
* ACE EDUTREND: Board to mull stock split, equity issue on Jul 10.
* ADANI PORTS AND SPECIAL ECONOMIC ZONE: Is seeking more acquisitions
after taking over Dhamra port on India's east coast. It is looking to buy a port in
the southeast coast now.
* BANAS FINANCE: Board has approved plan to commence the business of gold
loans. Has launched an end-to-end online business loan service for its premium
self-employed customers with an approval time of five minutes.
* BHARTI AIRTEL: The telecom regulator has raised questions over the sale of
Loop Mobile India to the company, citing possible violations of rules of licensing
and mobile number portability.
* DR DATSONS LABS: Davos International Fund bought 7.04% stake in the
company on Thursday via conversion of foreign currency convertible bonds.
* EASUN REYROLLE: IDFC Mutual Fund sold 916,015 shares, or 4.40% stake, of
the company for 93.65 rupees a share.
* INDIABULLS POWER: The company's board has approved raising up to $200
mln via equity and debt.
* INDIAN OIL CORP: Has announced a 1.69-rupee-per-ltr hike in prices of petrol
and a 50-paise-per-litre hike in retail diesel rates, effective midnight.
* ITC: Bombay High Court and Calcutta High Court have approved the merger of
Wimco's non-engineering business with the company.
* JUBILANT LIFE SCIENCES: Promoter Jubilant Stock has pledged 9.7 mln shares
of the company on Thursday.
* JYOTI STRUCTURES: Board has approved raising up to 1.2 bln rupees viaqualified institutional placement.
* L&T FINANCE HOLDINGS: Has approved allotment of 26.34 mln compulsorily
redeemable preference shares on private placement worth 2.63 bln rupees.
* MAHARASHTRA CORP: Board to mull stock split on Jul 9.
* RAMKRISHNA FORGINGS: SBI Mutual Fund bought 658,239 shares, or 2.52%
stake, of the company at 170 rupees per share.
* STATE BANK OF INDIA: Plans to open electronic banking outlets in malls and
will open accounts, issue cards, and sanction loans across the counter.
* STERLING BIOTECH: Shareholders have approved hike in investment by
foreign institutional investors to up to 74% and that by non-resident Indians to
up to 24%.
* STYROLUTION ABS (INDIA): INEOS AG will buy the balance 50% stake in the
company's parent Styrolution from BASF SE for 1.1 bln euros.
* SUN PHARMACEUTICAL INDUSTRIES: Uday Baldota, senior vice president for
finance and accounts, has said his company is on track to close the deal with
RANBAXY LABORATORIES by December.
* TATA CONSULTANCY SERVICES: Tata Sons is pledging shares of group
companies including those of the company to buy out NTT Docomo's share in
Tata Teleservices.
* UCO BANK: Is in the process of finalising the sale of bad assets worth 3.5 bln
rupees to asset reconstruction companies.
* VAKRANGEE: Board to mull raising up to 10 bln rupees via qualified
institutional placement on Thursday.
* ZODIAC VENTURES: Board has approved 10-for-1 stock split.
* ABAN OFFSHORE: The company plans to raise 4.5-7.5 bln rupees through a
qualified institutional placement of 6.5-10.8 mln equity shares today.
* ACE EDUTREND: Board to mull stock split, equity issue on Jul 10.
* ADANI PORTS AND SPECIAL ECONOMIC ZONE: Is seeking more acquisitions
after taking over Dhamra port on India's east coast. It is looking to buy a port in
the southeast coast now.
* BANAS FINANCE: Board has approved plan to commence the business of gold
loans. Has launched an end-to-end online business loan service for its premium
self-employed customers with an approval time of five minutes.
* BHARTI AIRTEL: The telecom regulator has raised questions over the sale of
Loop Mobile India to the company, citing possible violations of rules of licensing
and mobile number portability.
* DR DATSONS LABS: Davos International Fund bought 7.04% stake in the
company on Thursday via conversion of foreign currency convertible bonds.
* EASUN REYROLLE: IDFC Mutual Fund sold 916,015 shares, or 4.40% stake, of
the company for 93.65 rupees a share.
* INDIABULLS POWER: The company's board has approved raising up to $200
mln via equity and debt.
* INDIAN OIL CORP: Has announced a 1.69-rupee-per-ltr hike in prices of petrol
and a 50-paise-per-litre hike in retail diesel rates, effective midnight.
* ITC: Bombay High Court and Calcutta High Court have approved the merger of
Wimco's non-engineering business with the company.
* JUBILANT LIFE SCIENCES: Promoter Jubilant Stock has pledged 9.7 mln shares
of the company on Thursday.
* JYOTI STRUCTURES: Board has approved raising up to 1.2 bln rupees viaqualified institutional placement.
* L&T FINANCE HOLDINGS: Has approved allotment of 26.34 mln compulsorily
redeemable preference shares on private placement worth 2.63 bln rupees.
* MAHARASHTRA CORP: Board to mull stock split on Jul 9.
* RAMKRISHNA FORGINGS: SBI Mutual Fund bought 658,239 shares, or 2.52%
stake, of the company at 170 rupees per share.
* STATE BANK OF INDIA: Plans to open electronic banking outlets in malls and
will open accounts, issue cards, and sanction loans across the counter.
* STERLING BIOTECH: Shareholders have approved hike in investment by
foreign institutional investors to up to 74% and that by non-resident Indians to
up to 24%.
* STYROLUTION ABS (INDIA): INEOS AG will buy the balance 50% stake in the
company's parent Styrolution from BASF SE for 1.1 bln euros.
* SUN PHARMACEUTICAL INDUSTRIES: Uday Baldota, senior vice president for
finance and accounts, has said his company is on track to close the deal with
RANBAXY LABORATORIES by December.
* TATA CONSULTANCY SERVICES: Tata Sons is pledging shares of group
companies including those of the company to buy out NTT Docomo's share in
Tata Teleservices.
* UCO BANK: Is in the process of finalising the sale of bad assets worth 3.5 bln
rupees to asset reconstruction companies.
* VAKRANGEE: Board to mull raising up to 10 bln rupees via qualified
institutional placement on Thursday.
* ZODIAC VENTURES: Board has approved 10-for-1 stock split.
