STOCKS ALERT – 04.07.2014
* ABAN OFFSHORE: Has issued 10.78 mln shares to qualified institutional buyers
at an issue price of 695.50 rupees per equity share, which is at a discount of
36.47 rupees per share.
* AKZO NOBEL INDIA: Has formally inaugurated a new laboratory facility at its
Thane site.
* AMTEK AUTO: Citigroup Global Markets Mauritius sold 2.07 mln shares or
0.95% stake in the company at 255.93 rupees per share.
* ANSAL PROPERTIES AND INFRASTRUCTURE: Is set to raise 4 bln rupees from
Peninsula Brookfield Investment Managers.
* ARIES ARGO: Templeton Stock Growth Pvt Ltd Thursday sold 135,699 shares
or 1.04% stake in the company at 86.7 rupees per share.
* BHARTI AIRTEL: Foreign institutional investors and registered foreign portfolio
investors can invest up to 74% in the company under Portfolio Investment
Scheme.
* CAIRN INDIA: Has signed up US-based Halliburton Co for a 12-bln-rupee
contract to drill 100 wells at the Rajasthan onland block RJ-ON-90/1 over the
next 18 months.
* DHANLAXMI BANK: Has received its shareholders' approval to issue equity
shares worth 1.99 bln rupees through preferential allotment.
* FORCE MOTORS: Has sold 1,083 units of light commercial vehicles in June, up
2.26% from the corresponding period a year ago.
* GLENMARK PHARMACEUTICALS: Swiss arm has completed phase-I trials of its
novel monoclonal antibody, named GBR 830, and filed applications in
Netherlands to begin human trials.
* GREAT EASTERN SHIPPING CO: Has inked a pact to sell its very large gas
carrier 'Jag Vidhi'.* GVK POWER AND INFRASTRUCTURE: The Gujarat government plans to seek
fresh bids to develop coal and liquefied natural gas terminals at Okhamadhi port
as the company is yet to start work on the project.
* HATSUN AGRO PRODUCT: Commenced commercial production at dairy plant in
Poolam village in Tirunelveli with effect from Jul 1, 2014.
* HINDALCO INDUSTRIES: Plans to raise $500 mln through qualified institutional
placement of equity shares and will use the funds primarily to reduce debt.
* HINDUSTAN UNILEVER: Plans to focus on increasing sales in existing stores
rather than pushing for wider distribution, Managing Director Sanjiv Mehta said.
* HOUSING DEVELOPMENT INFRASTRUCTURE: Standard Chartered Bank
(Mauritius) bought 2.95 mln shares or 0.70% stake in the company at 102.25
rupees per share.
* INDRAPRASTHA GAS: The Supreme Court will hear on Friday the Petroleum
and Natural Gas Regulatory Board's plea seeking directions to the company to
disclose break-up of the maximum retail price charged by them.
* LANCO INFRATECH: Is in talks with some strategic investors for selling stake in
its thermal projects, and due diligence for the same is in process.
* NETWORK18 MEDIA AND INVESTMENTS: Founder Raghav Bahl, who resigned
on May 29 after RELIANCE INDUSTRIES took control of the company, is likely to
return as a director.
* NMDC: Has rolled over the prices of lump ore and fines to July, keeping lump
ore at 4,600 rupees per tn and fines at 3,160 rupees per tn.
* RANBAXY LABORATORIES: Is developing a new greenfield manufacturing unit
in Nigeria to address some of the supply constraints in the country.
* RELIANCE INFRASTRUCTURE: Arm BSES Yamuna Power is "actively exploring"
various avenues to make payments as directed by the Supreme Court.
* SESA STERLITE: Has said even though mining could resume in Goa by
September, the current global price for the resource, and India's duty structures
would make operations commercially unviable.
* SHIPPING CORP OF INDIA: Has sold its entire stake in joint venture SCI
Forbes to G.S. Enterprises.* SIEMENS: Has sold a land parcel worth 3.45 bln rupees in Bengaluru.
* SML ISUZU: Sold 1,443 units in June, up 9.3% year-on-year.
* STATE BANK OF INDIA: Chairman Bhattacharya said the bank's asset quality
issues should be resolved as the macroeconomic environment improves. Is
working on creating a roadmap for merger of associate banks in the next three
to four months. The bank's farm loan portfolio has seen a rise in defaults on
plans for an agriculture debt waiver scheme in Telangana and Andhra Pradesh.
* STEEL AUTHORITY OF INDIA: The government is likely to sell a 5% stake in
the company in the last week of this month.
* TATA MOTORS: Arm Jaguar Land Rover has recalled 70 model-year 2013
Jaguar XJ vehicles. Shareholders have refused to accept the company's
proposals on remuneration to two senior officials, and to pay the excess
remuneration for 2013-14 (Apr-Mar) to Karl Slym's legal heir.
* TATA STEEL: To invest 130 bln rupees on the first phase of its Kalinganagar
unit in Odisha over the next two-three years.
* ABAN OFFSHORE: Has issued 10.78 mln shares to qualified institutional buyers
at an issue price of 695.50 rupees per equity share, which is at a discount of
36.47 rupees per share.
* AKZO NOBEL INDIA: Has formally inaugurated a new laboratory facility at its
Thane site.
* AMTEK AUTO: Citigroup Global Markets Mauritius sold 2.07 mln shares or
0.95% stake in the company at 255.93 rupees per share.
* ANSAL PROPERTIES AND INFRASTRUCTURE: Is set to raise 4 bln rupees from
Peninsula Brookfield Investment Managers.
* ARIES ARGO: Templeton Stock Growth Pvt Ltd Thursday sold 135,699 shares
or 1.04% stake in the company at 86.7 rupees per share.
* BHARTI AIRTEL: Foreign institutional investors and registered foreign portfolio
investors can invest up to 74% in the company under Portfolio Investment
Scheme.
* CAIRN INDIA: Has signed up US-based Halliburton Co for a 12-bln-rupee
contract to drill 100 wells at the Rajasthan onland block RJ-ON-90/1 over the
next 18 months.
* DHANLAXMI BANK: Has received its shareholders' approval to issue equity
shares worth 1.99 bln rupees through preferential allotment.
* FORCE MOTORS: Has sold 1,083 units of light commercial vehicles in June, up
2.26% from the corresponding period a year ago.
* GLENMARK PHARMACEUTICALS: Swiss arm has completed phase-I trials of its
novel monoclonal antibody, named GBR 830, and filed applications in
Netherlands to begin human trials.
* GREAT EASTERN SHIPPING CO: Has inked a pact to sell its very large gas
carrier 'Jag Vidhi'.* GVK POWER AND INFRASTRUCTURE: The Gujarat government plans to seek
fresh bids to develop coal and liquefied natural gas terminals at Okhamadhi port
as the company is yet to start work on the project.
* HATSUN AGRO PRODUCT: Commenced commercial production at dairy plant in
Poolam village in Tirunelveli with effect from Jul 1, 2014.
* HINDALCO INDUSTRIES: Plans to raise $500 mln through qualified institutional
placement of equity shares and will use the funds primarily to reduce debt.
* HINDUSTAN UNILEVER: Plans to focus on increasing sales in existing stores
rather than pushing for wider distribution, Managing Director Sanjiv Mehta said.
* HOUSING DEVELOPMENT INFRASTRUCTURE: Standard Chartered Bank
(Mauritius) bought 2.95 mln shares or 0.70% stake in the company at 102.25
rupees per share.
* INDRAPRASTHA GAS: The Supreme Court will hear on Friday the Petroleum
and Natural Gas Regulatory Board's plea seeking directions to the company to
disclose break-up of the maximum retail price charged by them.
* LANCO INFRATECH: Is in talks with some strategic investors for selling stake in
its thermal projects, and due diligence for the same is in process.
* NETWORK18 MEDIA AND INVESTMENTS: Founder Raghav Bahl, who resigned
on May 29 after RELIANCE INDUSTRIES took control of the company, is likely to
return as a director.
* NMDC: Has rolled over the prices of lump ore and fines to July, keeping lump
ore at 4,600 rupees per tn and fines at 3,160 rupees per tn.
* RANBAXY LABORATORIES: Is developing a new greenfield manufacturing unit
in Nigeria to address some of the supply constraints in the country.
* RELIANCE INFRASTRUCTURE: Arm BSES Yamuna Power is "actively exploring"
various avenues to make payments as directed by the Supreme Court.
* SESA STERLITE: Has said even though mining could resume in Goa by
September, the current global price for the resource, and India's duty structures
would make operations commercially unviable.
* SHIPPING CORP OF INDIA: Has sold its entire stake in joint venture SCI
Forbes to G.S. Enterprises.* SIEMENS: Has sold a land parcel worth 3.45 bln rupees in Bengaluru.
* SML ISUZU: Sold 1,443 units in June, up 9.3% year-on-year.
* STATE BANK OF INDIA: Chairman Bhattacharya said the bank's asset quality
issues should be resolved as the macroeconomic environment improves. Is
working on creating a roadmap for merger of associate banks in the next three
to four months. The bank's farm loan portfolio has seen a rise in defaults on
plans for an agriculture debt waiver scheme in Telangana and Andhra Pradesh.
* STEEL AUTHORITY OF INDIA: The government is likely to sell a 5% stake in
the company in the last week of this month.
* TATA MOTORS: Arm Jaguar Land Rover has recalled 70 model-year 2013
Jaguar XJ vehicles. Shareholders have refused to accept the company's
proposals on remuneration to two senior officials, and to pay the excess
remuneration for 2013-14 (Apr-Mar) to Karl Slym's legal heir.
* TATA STEEL: To invest 130 bln rupees on the first phase of its Kalinganagar
unit in Odisha over the next two-three years.
