STOCKS ALERT – 05.06.2014
* AARTI INDUSTRIES: Is expecting sales growth of 15-20% every year for the next
four next years and a bottomline growth of 18-22% per year.
* ACC: Private equity firms CVC Capital Partners Ltd and KKR & Co are considering
bids for units to be sold by parent cement makers Holcim Ltd and Lafarge SA before
their 29-bln-euro merger.
* BRITANNIA: Will look to focus on the super-premium category, widen distribution to
fill gaps in its value and premium segments.
* DHANLAXMI BANK: Plans to raise 2 bln rupees through preferential allotment after
a similar effort last month flopped. The board is expected to clear the proposal on Jun 7.
* EDELWEISS FINANCIAL SERVICES: Argonaut Ventures Opportunities Fund sold
3.91 mln shares or 0.51% stake at 52.69 rupees per share.
* FEDERAL BANK: RBI has given its approval to the bank for opening a representative
office in Dubai, United Arab Emirates.
* GEODESIC: Genesis Indian Investment Co Ltd sold 2.71 mln shares or 3% stake at
1.78 rupees per share.
* GLOBAL OFFSHORE SERVICES: Has sold its platform supply vessel, M.V. Kailash.
* ISGEC HEAVY ENGINEERING: Goldman Sachs India Fund bought 51,301 shares or
0.70% stake in the company at 2,060 rupees per share.
* INFOSYS: Has launched cloud-based version of its Clinical Trial Supply Management
solution.
* JAIPRAKASH POWER VENTURES: Promoter has got pledge released on 225.16 mln
shares of the company on May 27.
* KSK ENERGY VENTURES: Has approved an issue price of 99 rupees per share for
proposed allotment of 40.40 mln shares through qualified institutional placement.
* MARUTI SUZUKI INDIA: Co and Gujarat government are still working to iron out
issues concerning the automaker's proposed plant in the state following controversies.* MERCATOR: An overseas subsidiary of the company entered into an agreement to
avail a convertible debt facility of $55 mln.
* POWER GRID CORP OF INDIA: Bharat Sanchar Nigam has signed a 10-year pact
with the company to improve telecommunications connectivity in the north-eastern states
of India.
* NTPC: Will soon approach power minister for reconsider the decision to scrap its
Loharinag Pala hydro power project in Uttarakhand.
* RELIANCE CAPITAL: Will seek shareholders' approval to raise funds through
qualified institutional placement.
* SESA STERLITE: Promoter Twin Star Holdings bought 2.7 mln shares of the company
for 756 mln rupees from the open market on Monday, taking its stake to 43.58% from
43.49% earlier.
* SML ISUZU: Said it sold a total of 1,285 vehicles in May, a rise of 11.4% on-year.
* SUN PHARMACEUTICAL INDUSTRIES: Wants full merger with Ranbaxy, although
some minority shareholders want Ranbaxy to remain a separate entity.
* WELSPUN CORP: Mulheim Pipecoatings of Germany sold 8.27 mln shares or a
3.14% stake in the company at 85.25 rupees per share.
* WOCKHARDT: Voluntarily recalls 100 bottles of Toprol XL generic
* AARTI INDUSTRIES: Is expecting sales growth of 15-20% every year for the next
four next years and a bottomline growth of 18-22% per year.
* ACC: Private equity firms CVC Capital Partners Ltd and KKR & Co are considering
bids for units to be sold by parent cement makers Holcim Ltd and Lafarge SA before
their 29-bln-euro merger.
* BRITANNIA: Will look to focus on the super-premium category, widen distribution to
fill gaps in its value and premium segments.
* DHANLAXMI BANK: Plans to raise 2 bln rupees through preferential allotment after
a similar effort last month flopped. The board is expected to clear the proposal on Jun 7.
* EDELWEISS FINANCIAL SERVICES: Argonaut Ventures Opportunities Fund sold
3.91 mln shares or 0.51% stake at 52.69 rupees per share.
* FEDERAL BANK: RBI has given its approval to the bank for opening a representative
office in Dubai, United Arab Emirates.
* GEODESIC: Genesis Indian Investment Co Ltd sold 2.71 mln shares or 3% stake at
1.78 rupees per share.
* GLOBAL OFFSHORE SERVICES: Has sold its platform supply vessel, M.V. Kailash.
* ISGEC HEAVY ENGINEERING: Goldman Sachs India Fund bought 51,301 shares or
0.70% stake in the company at 2,060 rupees per share.
* INFOSYS: Has launched cloud-based version of its Clinical Trial Supply Management
solution.
* JAIPRAKASH POWER VENTURES: Promoter has got pledge released on 225.16 mln
shares of the company on May 27.
* KSK ENERGY VENTURES: Has approved an issue price of 99 rupees per share for
proposed allotment of 40.40 mln shares through qualified institutional placement.
* MARUTI SUZUKI INDIA: Co and Gujarat government are still working to iron out
issues concerning the automaker's proposed plant in the state following controversies.* MERCATOR: An overseas subsidiary of the company entered into an agreement to
avail a convertible debt facility of $55 mln.
* POWER GRID CORP OF INDIA: Bharat Sanchar Nigam has signed a 10-year pact
with the company to improve telecommunications connectivity in the north-eastern states
of India.
* NTPC: Will soon approach power minister for reconsider the decision to scrap its
Loharinag Pala hydro power project in Uttarakhand.
* RELIANCE CAPITAL: Will seek shareholders' approval to raise funds through
qualified institutional placement.
* SESA STERLITE: Promoter Twin Star Holdings bought 2.7 mln shares of the company
for 756 mln rupees from the open market on Monday, taking its stake to 43.58% from
43.49% earlier.
* SML ISUZU: Said it sold a total of 1,285 vehicles in May, a rise of 11.4% on-year.
* SUN PHARMACEUTICAL INDUSTRIES: Wants full merger with Ranbaxy, although
some minority shareholders want Ranbaxy to remain a separate entity.
* WELSPUN CORP: Mulheim Pipecoatings of Germany sold 8.27 mln shares or a
3.14% stake in the company at 85.25 rupees per share.
* WOCKHARDT: Voluntarily recalls 100 bottles of Toprol XL generic
