STOCKS ALERT – 03.06.2014
* ASHOK LEYLAND: Has sold 6,632 vehicles in May, down 9% on-year.
* BHARTI AIRTEL: Likely to conclude deal to sell its towers in Africa in a week for
about $3 bln.
* COAL INDIA: Has decided to acquire coal mines abroad, particularly, coking coal and
high grade thermal coal mines.
* DIAMOND POWER INFRASTRUCTURE: Clearwater Capital Partners (Cyprus) Ltd
today sold 3 mln shares or 5.56% stake in the company at 90.3 rupees per share.
* DR DATSONS LABS: Auctor Investments sold 221,328 shares or 0.70% stake in the
company at 19.5 rupees per share.
* EICHER MOTORS: Sold 3,064 commercial vehicles in May, largely unchanged from
the same period last year.
* ESCORTS: Sold 5,794 tractors in May, down from 6,188 units a year ago.
* HERO MOTOCORP: Senior Vice-President, Sales and Marketing, Anil Dua has
resigned and will leave the company on Jun 24.
* HINDUSTAN UNILEVER: In its annual report for 2013-14, said innovation, rural
distribution and digital media will be its priority areas focus. Said it has increased
distribution network by 50% over the last two years.
* INDIAN OIL CORP: R.K. Malhotra, director of the state-owned company's research
and development division, has been given additional charge as its chairman.
* IPCA LABORATORIES: Has inked an agreement with US-based Oncobiologics Inc to
develop, manufacture and commercialise biosimilar monoclonal antibody products.
* NAKODA: Has started the process of corporate debt restructuring with banks.
* NTPC: LANCO INFRATECH, GMR INFRASTRUCTURE, SESA STERLITE and
Jaypee Group have offered to sell some of their power plants to the company to lower
their debt.* ORBIT CORP: Promoter Ravi Kiran Aggarwal's stake in the company has come down
to 13.88% from 14.85% earlier after lender IFCI Financial Services invoked pledge on
1.10 mln encumbered shares.
* OIL AND NATURAL GAS CORP: Has opposed the previous government's plan to re- auction Essar Oil's Ratna field located 130 km southwest of Mumbai. Arm ONGC
Videsh plans to continue exploration in its oil block in Vietnam's South China Sea. The
move will strengthen Vietnam's case in its dispute with China over the South China Sea.
* RELIANCE INDUSTRIES: Reliance Jio Infocomm has informed the telecom
department that it plans to merge wholly-owned subsidiary Infotel Telecom with itself.
* STATE BANK OF INDIA: Is reworking the strategy for its global operations to
improve effectiveness and increase its share in the bottom line.
* STEEL AUTHORITY OF INDIA: Sold 1.06 mln tn of steel in May, up 11% on-year.
* TATA MOTORS: Has sold a total of 37,525 vehicles in May, down 24% on-year.
* TIME TECHNOLPLAST: Core International FZC has sold 7.30 mln shares or 3.47%
stake in the company at 44.02 rupees per share.
* UNITED SPIRITS: Is looking to make a provision of 46 bln rupees, as its Scottish
subsidiary Whyte & Mackay may be sold at a loss.
* ZEE ENTERTAINMENT ENTERPRISES: The RBI has notified that Foreign
Institutional Investors can now invest up to 100% of the paid up capital of the company.
* ZYLOG SYSTEMS: Auctor Investments has sold 1.75 mln shares or 2.97% stake in
the company at 12.57 rupees per share.
* ASHOK LEYLAND: Has sold 6,632 vehicles in May, down 9% on-year.
* BHARTI AIRTEL: Likely to conclude deal to sell its towers in Africa in a week for
about $3 bln.
* COAL INDIA: Has decided to acquire coal mines abroad, particularly, coking coal and
high grade thermal coal mines.
* DIAMOND POWER INFRASTRUCTURE: Clearwater Capital Partners (Cyprus) Ltd
today sold 3 mln shares or 5.56% stake in the company at 90.3 rupees per share.
* DR DATSONS LABS: Auctor Investments sold 221,328 shares or 0.70% stake in the
company at 19.5 rupees per share.
* EICHER MOTORS: Sold 3,064 commercial vehicles in May, largely unchanged from
the same period last year.
* ESCORTS: Sold 5,794 tractors in May, down from 6,188 units a year ago.
* HERO MOTOCORP: Senior Vice-President, Sales and Marketing, Anil Dua has
resigned and will leave the company on Jun 24.
* HINDUSTAN UNILEVER: In its annual report for 2013-14, said innovation, rural
distribution and digital media will be its priority areas focus. Said it has increased
distribution network by 50% over the last two years.
* INDIAN OIL CORP: R.K. Malhotra, director of the state-owned company's research
and development division, has been given additional charge as its chairman.
* IPCA LABORATORIES: Has inked an agreement with US-based Oncobiologics Inc to
develop, manufacture and commercialise biosimilar monoclonal antibody products.
* NAKODA: Has started the process of corporate debt restructuring with banks.
* NTPC: LANCO INFRATECH, GMR INFRASTRUCTURE, SESA STERLITE and
Jaypee Group have offered to sell some of their power plants to the company to lower
their debt.* ORBIT CORP: Promoter Ravi Kiran Aggarwal's stake in the company has come down
to 13.88% from 14.85% earlier after lender IFCI Financial Services invoked pledge on
1.10 mln encumbered shares.
* OIL AND NATURAL GAS CORP: Has opposed the previous government's plan to re- auction Essar Oil's Ratna field located 130 km southwest of Mumbai. Arm ONGC
Videsh plans to continue exploration in its oil block in Vietnam's South China Sea. The
move will strengthen Vietnam's case in its dispute with China over the South China Sea.
* RELIANCE INDUSTRIES: Reliance Jio Infocomm has informed the telecom
department that it plans to merge wholly-owned subsidiary Infotel Telecom with itself.
* STATE BANK OF INDIA: Is reworking the strategy for its global operations to
improve effectiveness and increase its share in the bottom line.
* STEEL AUTHORITY OF INDIA: Sold 1.06 mln tn of steel in May, up 11% on-year.
* TATA MOTORS: Has sold a total of 37,525 vehicles in May, down 24% on-year.
* TIME TECHNOLPLAST: Core International FZC has sold 7.30 mln shares or 3.47%
stake in the company at 44.02 rupees per share.
* UNITED SPIRITS: Is looking to make a provision of 46 bln rupees, as its Scottish
subsidiary Whyte & Mackay may be sold at a loss.
* ZEE ENTERTAINMENT ENTERPRISES: The RBI has notified that Foreign
Institutional Investors can now invest up to 100% of the paid up capital of the company.
* ZYLOG SYSTEMS: Auctor Investments has sold 1.75 mln shares or 2.97% stake in
the company at 12.57 rupees per share.
