STOCKS ALERT – 03.07.2014
* APOLLO TYRES: Board has approved increasing foreign institutional investors
investment limit in the company to 45% from 40%. The company will seek
shareholders' approval for private placement of non-convertible debentures of 5
bln rupees and raising of up to $200 mln through issue of securities. The board
has approved the proposal to expand the truck and bus radial tyre capacity at its
Chennai plant to 8,900 tyres per day from 6,000 tyres per day. The company
plans to invest $340 mln to expand its plants in Kerala and
Chennai.
* CASTROL: Said it is not aware of promoter's current plan to delist company
shares from exchanges.
* CADILA HEALTHCARE: Has sought shareholders approval to raise up to 3.5 bln
rupees through secured, redeemable, non-convertible debentures, in one or
more tranches during 2014-15 (Apr-Mar).
* DLF: The Chief Secretary of Kerala has submitted a report in the state
assembly pointing to large-scale violations by the builder in a project in Kochi.
* GAMMON INDIA: Shareholders have approved the company's proposal to issue
346.9 mln shares at 27.05 rupees each to promoters and their affiliates on
preferential basis.
* GAMMON INFRASTRUCTURE: The board has approved the issue and allotment
of up to 180 mln warrants entitling 180 mln equity shares of 1 rupee each under
preferential allotment to promoters.
* GMR INFRASTRUCTURE: Promoter has got pledge released on 5 mln shares of
the company on Jun 30. Has launched a qualified institutional placement of
shares at a floor price of 33.14 rupees per share. Promoters plan to increase
their stake in the company by infusing 6 bln rupees through warrants.
* HERO MOTOCORP: Has sold 541,594 vehicles in June, up 8% on year.
* HOUSING DEVELOPMENT AND INFRASTRUCTURE: Has put its nearly 1 mln sq
ft commercial complex at Kurla in Mumbai on the block to cut debt.* IDBI BANK: Shareholders have approved raising up to 40 bln rupees through
shares.
* IDFC: Will seek shareholders nod to raise up to 800 bln rupees by issuing
various non-convertible securities including debentures and commercial papers.
* IL&FS TRANSPORTATION NETWORKS: Shareholders have approved the
company's proposal to increase its borrowing limit to 60 bln rupees from 50 bln
rupees.
* INNOVENTIVE INDUSTRIES: Corporate Debt Recast Empowered Group has
approved the proposal of Corporate Debt Restructuring of the company.
* JET AIRWAYS INDIA: Has appointed Subodh Karnik as its chief operating
officer.
* JSW ENERGY: Is set to acquire LANCO INFRATECH'S 1,200 MW Udupi power
plant in Karnataka for around 57 bln rupees.
* MODERN INDIA: Eriska Investments Fund has bought 230,000 shares, or
0.61% stake, in the company at 52.5 rupees a share.
* PURAVANKARA PROJECTS: Has completed sale of its 362,600 shares in Keppel
Magnus Development for 322 mln rupees.
* PRIME FOCUS: The Anil Ambani-promoted Reliance group has announced
plans to combine the global film and media services business of Reliance
MediaWorks with the company.
* RASHTRIYA CHEMICALS AND FERTILIZERS: To seek shareholder approval to
raise borrowing limit.
* RELIANCE CAPITAL: Is engaged in exploratory and non-binding talks with
Sumitomo Mitsui for various initiatives in banking and others.
* RELIANCE COMMUNICATIONS: Has raised 48.08 bln rupees by selling 338.3
mln shares to qualified institutional buyers at 142.14 rupees a share. The
Telecom Disputes Settlement and Appellate Tribunal has quashed a penalty of
720 mln rupees imposed on the company for delayed submission of customer
acquisition forms in Madhya Pradesh in 2011-12. The company has initiated the
process to monetise its real estate assets across the country, aiming to raise 50
bln rupees, and will use the proceeds to part-repay its debt.* SHARON BIO-MEDICINE: Company's board has approved warrant to promoter
at a premium.
* SPECIALITY PAPERS: Company will mull stock split on Jul 4.
* STEEL AUTHORITY OF INDIA: Has finalised the wage settlement for more than
92,000 non-executive employees and the salary revision will be effective from
Jan 1, 2012.
* TATA MOTORS: Has sold 219 units of Jaguar Land Rover vehicles in India in
June, versus 223 units sold a year ago.
* TECH MAHINDRA: Has signed an agreement with Saudi Arabia's Midad Holding
to form a 51:49 joint venture company.
* TULIP TELECOM: J.P. Morgan Securities Ltd A/C Copthall Mauritius Invest sold
800,000 shares or 0.55% stake in the company at 4.20 rupees per share.
* TVS MOTOR CO: Has sold 202,177 vehicles in June, 23% higher than the
corresponding period a year ago.
* UNITED SPIRITS: Diageo has completed the purchase of 37.78 mln shares of
the company, representing 26% additional stake, for 114.49 bln rupees.
* VIJAYA BANK: Will cut rates for 46-day to 1-year deposits of 10 mln rupees
and above by 5-50 basis point with effect from Thursday.
* VISA STEEL: Has decided to sell substantial stake in its speciality steel
business, and merge with itself its ferrochrome producing joint venture with
China's Shanghai Baosteel Group Corp
* APOLLO TYRES: Board has approved increasing foreign institutional investors
investment limit in the company to 45% from 40%. The company will seek
shareholders' approval for private placement of non-convertible debentures of 5
bln rupees and raising of up to $200 mln through issue of securities. The board
has approved the proposal to expand the truck and bus radial tyre capacity at its
Chennai plant to 8,900 tyres per day from 6,000 tyres per day. The company
plans to invest $340 mln to expand its plants in Kerala and
Chennai.
* CASTROL: Said it is not aware of promoter's current plan to delist company
shares from exchanges.
* CADILA HEALTHCARE: Has sought shareholders approval to raise up to 3.5 bln
rupees through secured, redeemable, non-convertible debentures, in one or
more tranches during 2014-15 (Apr-Mar).
* DLF: The Chief Secretary of Kerala has submitted a report in the state
assembly pointing to large-scale violations by the builder in a project in Kochi.
* GAMMON INDIA: Shareholders have approved the company's proposal to issue
346.9 mln shares at 27.05 rupees each to promoters and their affiliates on
preferential basis.
* GAMMON INFRASTRUCTURE: The board has approved the issue and allotment
of up to 180 mln warrants entitling 180 mln equity shares of 1 rupee each under
preferential allotment to promoters.
* GMR INFRASTRUCTURE: Promoter has got pledge released on 5 mln shares of
the company on Jun 30. Has launched a qualified institutional placement of
shares at a floor price of 33.14 rupees per share. Promoters plan to increase
their stake in the company by infusing 6 bln rupees through warrants.
* HERO MOTOCORP: Has sold 541,594 vehicles in June, up 8% on year.
* HOUSING DEVELOPMENT AND INFRASTRUCTURE: Has put its nearly 1 mln sq
ft commercial complex at Kurla in Mumbai on the block to cut debt.* IDBI BANK: Shareholders have approved raising up to 40 bln rupees through
shares.
* IDFC: Will seek shareholders nod to raise up to 800 bln rupees by issuing
various non-convertible securities including debentures and commercial papers.
* IL&FS TRANSPORTATION NETWORKS: Shareholders have approved the
company's proposal to increase its borrowing limit to 60 bln rupees from 50 bln
rupees.
* INNOVENTIVE INDUSTRIES: Corporate Debt Recast Empowered Group has
approved the proposal of Corporate Debt Restructuring of the company.
* JET AIRWAYS INDIA: Has appointed Subodh Karnik as its chief operating
officer.
* JSW ENERGY: Is set to acquire LANCO INFRATECH'S 1,200 MW Udupi power
plant in Karnataka for around 57 bln rupees.
* MODERN INDIA: Eriska Investments Fund has bought 230,000 shares, or
0.61% stake, in the company at 52.5 rupees a share.
* PURAVANKARA PROJECTS: Has completed sale of its 362,600 shares in Keppel
Magnus Development for 322 mln rupees.
* PRIME FOCUS: The Anil Ambani-promoted Reliance group has announced
plans to combine the global film and media services business of Reliance
MediaWorks with the company.
* RASHTRIYA CHEMICALS AND FERTILIZERS: To seek shareholder approval to
raise borrowing limit.
* RELIANCE CAPITAL: Is engaged in exploratory and non-binding talks with
Sumitomo Mitsui for various initiatives in banking and others.
* RELIANCE COMMUNICATIONS: Has raised 48.08 bln rupees by selling 338.3
mln shares to qualified institutional buyers at 142.14 rupees a share. The
Telecom Disputes Settlement and Appellate Tribunal has quashed a penalty of
720 mln rupees imposed on the company for delayed submission of customer
acquisition forms in Madhya Pradesh in 2011-12. The company has initiated the
process to monetise its real estate assets across the country, aiming to raise 50
bln rupees, and will use the proceeds to part-repay its debt.* SHARON BIO-MEDICINE: Company's board has approved warrant to promoter
at a premium.
* SPECIALITY PAPERS: Company will mull stock split on Jul 4.
* STEEL AUTHORITY OF INDIA: Has finalised the wage settlement for more than
92,000 non-executive employees and the salary revision will be effective from
Jan 1, 2012.
* TATA MOTORS: Has sold 219 units of Jaguar Land Rover vehicles in India in
June, versus 223 units sold a year ago.
* TECH MAHINDRA: Has signed an agreement with Saudi Arabia's Midad Holding
to form a 51:49 joint venture company.
* TULIP TELECOM: J.P. Morgan Securities Ltd A/C Copthall Mauritius Invest sold
800,000 shares or 0.55% stake in the company at 4.20 rupees per share.
* TVS MOTOR CO: Has sold 202,177 vehicles in June, 23% higher than the
corresponding period a year ago.
* UNITED SPIRITS: Diageo has completed the purchase of 37.78 mln shares of
the company, representing 26% additional stake, for 114.49 bln rupees.
* VIJAYA BANK: Will cut rates for 46-day to 1-year deposits of 10 mln rupees
and above by 5-50 basis point with effect from Thursday.
* VISA STEEL: Has decided to sell substantial stake in its speciality steel
business, and merge with itself its ferrochrome producing joint venture with
China's Shanghai Baosteel Group Corp
