STOCKS ALERT – 06.06.2014
* ARVIND: Company is close to signing a franchisee deal with American garment
retailer Gap. The deal is expected to be announced in the coming weeks.
* CAIRN INDIA: BHARAT PETROLEUM CORP AND HINDUSTAN PETROLEUM
CORP have shown interest in buying crude oil from the company.
* CENTURY TEXTILES AND INDUSTRIES: Shareholders have approved a
preferential issue of 18.6 mln convertible warrants to four companies owned by Kumar
Mangalam Birla and his family.
* CHL: RBI said shareholding of non-resident Indians and persons of Indian origin in
company under the Portfolio Investment Scheme had reached the trigger limit of 8%.
* CROMPTON GREAVES: Has secured an order worth 2.44 bln rupees from Spanish
electric utility company Iberdrola for supply of over 1 mln smart meters.
* FINANCIAL TECHNOLOGIES: The Forward Markets Commission has directed the
board of arm National Spot Exchange to accelerate the process of recovering money from
defaulters.
* HERO MOTOCORP: Likely to save 10 bln rupees in 2014-15 with its ongoing margin
transformation programme, and the amortised payments to Honda coming to an end in
June.
* IDEA CELLULAR: Board approved raising up to 30 bln rupees through a Qualified
Institutional Placement of shares and fixed floor price at 136.98 rupees a share.
* INFOSYS: Prasad Thrikutam, senior vice-president and global head of strategic sales,
marketing and alliances, has resigned.
* JAMMU & KASHMIR BANK: Will raise 5-6 bln rupees by selling its 5% equity
holding in a life insurance company.
* MARUTI SUZUKI: Is setting up a new engine production line at its Gurgaon plant
with a capacity of 150,000 units a year for its new series of self-developed diesel engines.
* NHPC: Commissioned the fourth unit of the 520 MW Parbati-III power station in
Himachal Pradesh on Tuesday.* NMDC: Produced 4.94 mln tn of iron ore in May, almost flat compared with 4.90 mln
tn in the same month last year.
* RAMCO CEMENTS: Stake in RAMCO SYSTEMS has increased to 22.7% from
13.30% after the cement company bought 3.3 mln shares through a rights issue for 511.5
mln rupees.
* RANBAXY LABORATORIES: The European Medicines Agency has reissued the
good manufacturing practices certificate to the company's Toansa manufacturing facility.
* RELIANCE INDUSTRIES: Independent Media Trust open offer for shares of
NETWORK18 MEDIA AND INVESTMENTS, TV18 BROADCAST, and
INFOMEDIA PRESS will open on Jul 21 and close on Aug 4.
* RELIANCE INFRASTRUCTURE: Arm Mumbai Metro One has got final approval
from Railway board for its Versova-Andheri-Ghatkopar line.
* SHRIRAM CITY UNION FINANCE: Sought to tap some of the fresh capital infusion
it had received from PIRAMAL ENTERPRISES to expand.
* SKS MICROFINANCE: Morgan Stanley Asia (Singapore) PTE bought 184,875 shares
or 0.15% stake in company on Jun 3.
* TATA GLOBAL BEVERAGES: Shareholders have approved the merger of Mount
Everest Mineral with company.
* TATA MOTORS: Has decided to directly supervise the appointment of sales staff at its
550 showrooms across India.
* TECH MAHINDRA LTD: Expanded its partnership with US-based Informatica Corp
to provide data management services to their clients.
* THOMAS COOK INDIA: Arm IKYA Human Capital Solutions has inked a definitive
pact with Transfield Services, Australia, to acquire the latter's India arm Hofincons
Infotech & Industrial Services.
* TVS MOTOR CO: Life Insurance Corporation of India has, over a period of nearly
four years, sold 2.04% stake in the company.
* YES BANK: Allotted 53.5 mln shares to qualified institutional buyers at 550 rupees per
share.
* ZYLOG SYSTEMS: Heshika Growth Fund sold 2.85 mln shares or 4.83% stake in
company. Auctor Investments sold 350,000 shares or 0.59% stake in the company at
11.40 rupees per share.
* ARVIND: Company is close to signing a franchisee deal with American garment
retailer Gap. The deal is expected to be announced in the coming weeks.
* CAIRN INDIA: BHARAT PETROLEUM CORP AND HINDUSTAN PETROLEUM
CORP have shown interest in buying crude oil from the company.
* CENTURY TEXTILES AND INDUSTRIES: Shareholders have approved a
preferential issue of 18.6 mln convertible warrants to four companies owned by Kumar
Mangalam Birla and his family.
* CHL: RBI said shareholding of non-resident Indians and persons of Indian origin in
company under the Portfolio Investment Scheme had reached the trigger limit of 8%.
* CROMPTON GREAVES: Has secured an order worth 2.44 bln rupees from Spanish
electric utility company Iberdrola for supply of over 1 mln smart meters.
* FINANCIAL TECHNOLOGIES: The Forward Markets Commission has directed the
board of arm National Spot Exchange to accelerate the process of recovering money from
defaulters.
* HERO MOTOCORP: Likely to save 10 bln rupees in 2014-15 with its ongoing margin
transformation programme, and the amortised payments to Honda coming to an end in
June.
* IDEA CELLULAR: Board approved raising up to 30 bln rupees through a Qualified
Institutional Placement of shares and fixed floor price at 136.98 rupees a share.
* INFOSYS: Prasad Thrikutam, senior vice-president and global head of strategic sales,
marketing and alliances, has resigned.
* JAMMU & KASHMIR BANK: Will raise 5-6 bln rupees by selling its 5% equity
holding in a life insurance company.
* MARUTI SUZUKI: Is setting up a new engine production line at its Gurgaon plant
with a capacity of 150,000 units a year for its new series of self-developed diesel engines.
* NHPC: Commissioned the fourth unit of the 520 MW Parbati-III power station in
Himachal Pradesh on Tuesday.* NMDC: Produced 4.94 mln tn of iron ore in May, almost flat compared with 4.90 mln
tn in the same month last year.
* RAMCO CEMENTS: Stake in RAMCO SYSTEMS has increased to 22.7% from
13.30% after the cement company bought 3.3 mln shares through a rights issue for 511.5
mln rupees.
* RANBAXY LABORATORIES: The European Medicines Agency has reissued the
good manufacturing practices certificate to the company's Toansa manufacturing facility.
* RELIANCE INDUSTRIES: Independent Media Trust open offer for shares of
NETWORK18 MEDIA AND INVESTMENTS, TV18 BROADCAST, and
INFOMEDIA PRESS will open on Jul 21 and close on Aug 4.
* RELIANCE INFRASTRUCTURE: Arm Mumbai Metro One has got final approval
from Railway board for its Versova-Andheri-Ghatkopar line.
* SHRIRAM CITY UNION FINANCE: Sought to tap some of the fresh capital infusion
it had received from PIRAMAL ENTERPRISES to expand.
* SKS MICROFINANCE: Morgan Stanley Asia (Singapore) PTE bought 184,875 shares
or 0.15% stake in company on Jun 3.
* TATA GLOBAL BEVERAGES: Shareholders have approved the merger of Mount
Everest Mineral with company.
* TATA MOTORS: Has decided to directly supervise the appointment of sales staff at its
550 showrooms across India.
* TECH MAHINDRA LTD: Expanded its partnership with US-based Informatica Corp
to provide data management services to their clients.
* THOMAS COOK INDIA: Arm IKYA Human Capital Solutions has inked a definitive
pact with Transfield Services, Australia, to acquire the latter's India arm Hofincons
Infotech & Industrial Services.
* TVS MOTOR CO: Life Insurance Corporation of India has, over a period of nearly
four years, sold 2.04% stake in the company.
* YES BANK: Allotted 53.5 mln shares to qualified institutional buyers at 550 rupees per
share.
* ZYLOG SYSTEMS: Heshika Growth Fund sold 2.85 mln shares or 4.83% stake in
company. Auctor Investments sold 350,000 shares or 0.59% stake in the company at
11.40 rupees per share.
