STOCKS ALERT – 13.06.2014
* ALSTOM INDIA: Global firms Hitachi, Mitsubishi Heavy Industries and
Siemens AG may place a joint bid for the energy assets of the company's
French parent.
* BANK OF INDIA: Will seek approval from shareholders to raise up to 57.45
bln rupees through issuance of securities at its 18th annual general meeting on
Jul 10.
* BINNY: Board has deferred its decision on rights share issue.
* CHOLAMANDALAM INVESTMENT AND FINANCE CO: Plans to raise
300 mln rupees through issuance of bonds maturing in 18 months and two
years.
* CENTRAL BANK OF INDIA: Board has approved issue of 71.07 mln equity
shares to Life Insurance Corp on preferential basis.
* CIPLA: Hoffman La Roche and the company are in talks to settle the patent
battle in India over the former's lung cancer drug Tarceva (Erlotinib), on
"mutually agreeable terms".
* DEWAN HOUSING FINANCE: Shareholders have approved issuance of
securities on private placement basis.
* EDELWEISS FINANCIAL SERVICES: Investor Rakesh Jhunjhunwala
bought 10 mln shares of the company at 55 rupees per share.
* GUJARAT NRE COKE: Lenders invoked pledge on 10 mln shares between
May 25 and Jun 11.
* HERO MOTOCORP: Bain Capital to sell 4.29% stake in the company
through block deal.
* HINDUSTAN UNILEVER: Two senior executives--Samardeep Subandh and
Ambarish Bandyopadhya--have quit the company's modern trade division in
recent weeks.
* IDEA CELLULAR: Allotted 38% shares through qualified institutional
placement to domestic investors and 62% to foreign investors.
* INDIAN OVERSEAS BANK: Will require 35 bln rupees to meet its tier-I
capital level under Basel III norms for 2014-15 and has requested the
government to infuse the same amount.
* JAIPRAKASH POWER VENTURES: Promoter pledged 225.16 mln shares
of the company on Jun 5.
* MAHINDRA & MAHINDRA: Pawan Goenka, executive director and
president - automotive and farm equipment sectors, sold 14,040 shares of the
company on Jun 6.
* OIL & NATURAL GAS CORP: Is seeking a higher retention price of at least
$65 a barrel for crude oil produced from small and marginal fields.
* RELIANCE INFRASTRUCTURE: The Maharashtra Government may
terminate its technical and commercial pact with the company's arm for the 32- km Charkop- Bandra-Mankhurd Metro-II elevated project owing to changes in
the scope of work for Metro-II line as it is now converted to underground, and
extends up to Dahisar.
* RURAL ELECTRIFICATION CORP: Plans to raise at least 5 bln rupees
through issuance of bonds maturing in five years.
* STEEL AUTHORITY OF INDIA: Six people, including three senior
officials, were killed and six people were injured in a gas leak at the company's
flagship Bhilai Steel Plant on Thursday.
* SPICEJET: Plans additional flights on four of its domestic routes from
Sunday.
* SOUTHERN ISPAT AND ENERGY: Board has approved 10-for-1 stock
split STEEL AUTHORITY OF INDIA: Steel Minister Narendra Singh Tomar has
approved 17% wage hike for 85,000 employees of the company.
* TATA MOTORS: Group global wholesale sales fell 5.1% on-year to 77,575
units in May.
* ZEE LEARN: The Essel Group-promoted company is in talks to sell stake in
a bid to raise 3 bln rupees.
* ALSTOM INDIA: Global firms Hitachi, Mitsubishi Heavy Industries and
Siemens AG may place a joint bid for the energy assets of the company's
French parent.
* BANK OF INDIA: Will seek approval from shareholders to raise up to 57.45
bln rupees through issuance of securities at its 18th annual general meeting on
Jul 10.
* BINNY: Board has deferred its decision on rights share issue.
* CHOLAMANDALAM INVESTMENT AND FINANCE CO: Plans to raise
300 mln rupees through issuance of bonds maturing in 18 months and two
years.
* CENTRAL BANK OF INDIA: Board has approved issue of 71.07 mln equity
shares to Life Insurance Corp on preferential basis.
* CIPLA: Hoffman La Roche and the company are in talks to settle the patent
battle in India over the former's lung cancer drug Tarceva (Erlotinib), on
"mutually agreeable terms".
* DEWAN HOUSING FINANCE: Shareholders have approved issuance of
securities on private placement basis.
* EDELWEISS FINANCIAL SERVICES: Investor Rakesh Jhunjhunwala
bought 10 mln shares of the company at 55 rupees per share.
* GUJARAT NRE COKE: Lenders invoked pledge on 10 mln shares between
May 25 and Jun 11.
* HERO MOTOCORP: Bain Capital to sell 4.29% stake in the company
through block deal.
* HINDUSTAN UNILEVER: Two senior executives--Samardeep Subandh and
Ambarish Bandyopadhya--have quit the company's modern trade division in
recent weeks.
* IDEA CELLULAR: Allotted 38% shares through qualified institutional
placement to domestic investors and 62% to foreign investors.
* INDIAN OVERSEAS BANK: Will require 35 bln rupees to meet its tier-I
capital level under Basel III norms for 2014-15 and has requested the
government to infuse the same amount.
* JAIPRAKASH POWER VENTURES: Promoter pledged 225.16 mln shares
of the company on Jun 5.
* MAHINDRA & MAHINDRA: Pawan Goenka, executive director and
president - automotive and farm equipment sectors, sold 14,040 shares of the
company on Jun 6.
* OIL & NATURAL GAS CORP: Is seeking a higher retention price of at least
$65 a barrel for crude oil produced from small and marginal fields.
* RELIANCE INFRASTRUCTURE: The Maharashtra Government may
terminate its technical and commercial pact with the company's arm for the 32- km Charkop- Bandra-Mankhurd Metro-II elevated project owing to changes in
the scope of work for Metro-II line as it is now converted to underground, and
extends up to Dahisar.
* RURAL ELECTRIFICATION CORP: Plans to raise at least 5 bln rupees
through issuance of bonds maturing in five years.
* STEEL AUTHORITY OF INDIA: Six people, including three senior
officials, were killed and six people were injured in a gas leak at the company's
flagship Bhilai Steel Plant on Thursday.
* SPICEJET: Plans additional flights on four of its domestic routes from
Sunday.
* SOUTHERN ISPAT AND ENERGY: Board has approved 10-for-1 stock
split STEEL AUTHORITY OF INDIA: Steel Minister Narendra Singh Tomar has
approved 17% wage hike for 85,000 employees of the company.
* TATA MOTORS: Group global wholesale sales fell 5.1% on-year to 77,575
units in May.
* ZEE LEARN: The Essel Group-promoted company is in talks to sell stake in
a bid to raise 3 bln rupees.
