STOCKS ALERT – 17.06.2014
* ALSTOM T&D INDIA: Has elected Michel Augonnet as chairman of the company,
with effect from Jul 1.
* BRITANNIA INDUSTRIES: The company's marketing head Anuradha Narasimhan
has resigned from the company to join a consumer-goods start up. * DISHMAN PHARMACEUTICALS AND CHEMICALS: HDFC Standard Life
Insurance Co sold 242,218 shares, representing 0.30% stake, of the company on Jun 10.
* FINANCIAL TECHNOLOGIES INDIA: The special court has adjourned the hearing
in bail application of company's Chairman and Chief Executive Jignesh Shah to Jun 18.
* GAIL INDIA: The company issued an ultimatum to domestic consumers such as power
projects and fertiliser plants to finalise their fuel purchases by June-end as it is unable to
find buyers for six mln tonnes of liquefied natural gas already contracted with US
suppliers.
* GRANULES INDIA: The company's paracetamol manufacturing facility in Andhra
Pradesh has passed an inspection by the US health regulator.
* HINDUSTAN PETROLEUM CORP: The company might sign a fresh memorandum
of understanding with the Rajasthan government in an effort to revive its 372.30-bln
rupees refinery-cum-petrochemical complex plan in Barmer district.
* HINDUSTAN ZINC: SEBI is likely to modify the existing rules for 'offer for sale' and
enable the government to sell its stake in the company, where it is not a promoter,
through the route, said a senior finance ministry official.
* HOUSING DEVELOPMENT FINANCE CORP: Vice-Chairman and Chief Executive
Officer Keki Mistry and Managing Director Renu Karnad sold shares of the company last
week.
* INDIAN HOTELS: The company plans to launch 12 new properties in this financial
year and expand its global footprint.* INFOSYS: The company has proposed a 50-MW solar park in Karnataka and is likely to invest 3.6-3.8 bln rupees in the project.
* IRB INFRASTRUCTURE DEVELOPERS: The company has denied having been told
by the Maharashtra government to halt toll collection in Kolhapur until a committee of
the Maharashtra State Road Development Corp submits its report.
* KNR CONSTRUCTIONS: DSP BlackRock has bought 334,978 shares, or 1.19%
stake, of the company at 185 rupees a share.
* LARSEN AND TOUBRO: Telangana chief minister K Chandrasekhar Rao's
suggestion to the L&T Hyderabad metro rail project to tweak the alignment in a couple of
congested business suburbs and a busy road may have far reaching implications on the
project.
* LUPIN: The company is seeking to build its business in Europe by acquiring generics
manufacturers for as much as $1 bln.
* NTPC: The company has requested the government to consider waiver of 1.39 bln
rupees bank guarantees for delays in developing Jharkhand mine as it said the mine is at
an advanced stage. The company has moved Supreme Court seeking its approval to go
ahead with construction of a 171 MW power project in Uttarakhand.
* OIL AND NATURAL GAS CORP: The company may raise its stake in CAIRN
INDIA's Rajasthan block as a condition for agreeing to allow Cairn operate the block
after expiry of contractual period. Bharatiya Janata Party being in power both at the
Centre and in Gujarat may pave the way for an amicable out-of-court dispute between the
company and the state government over the quantum of royalty.
* PONNI SUGARS (ERODE): GHI LTP has bought 139,450 mln shares, representing
1.62% stake, of the company, at 155 rupees per share.
* REI AGRO: The lenders, who have exposure of 40-bln-rupees to the company are
considering taking the firm to corporate debt restructuring cell.
* RELIANCE COMMUNICATION: The company is tying up with RELIANCE
INDUSTRIES' Reliance Jio for a pan-India intra-circle agreement, straddling the 800- MHz and 2,100-MHz bands.
* SESA STERLITE: Will continue to focus on buying out minority stakes of
shareholders in its subsidiaries.
* TATA STEEL: The Orissa High Court has passed an interim order restraining the state
government from taking a final decision on the grant of renewal of the company's mining
licence for chromite mines till Jun 19. The company has restructured its sales andmarketing set-up for India in a manner that has helped it maintain volumes amid a generally sluggish domestic market.
* TRENT: Tesco in equal partnership with the company is working on opening six to
eight new stores in Maharashtra and Karnataka under three of its formats in this financial
year.
* VIJAYA BANK: The company plans to raise about 6 bln rupees capital.
* ZEE ENTERTAINMENT ENTERPRISES: Shareholders have approved merger of
Diligent Media Corp's media business undertaking with the company.
* ALSTOM T&D INDIA: Has elected Michel Augonnet as chairman of the company,
with effect from Jul 1.
* BRITANNIA INDUSTRIES: The company's marketing head Anuradha Narasimhan
has resigned from the company to join a consumer-goods start up. * DISHMAN PHARMACEUTICALS AND CHEMICALS: HDFC Standard Life
Insurance Co sold 242,218 shares, representing 0.30% stake, of the company on Jun 10.
* FINANCIAL TECHNOLOGIES INDIA: The special court has adjourned the hearing
in bail application of company's Chairman and Chief Executive Jignesh Shah to Jun 18.
* GAIL INDIA: The company issued an ultimatum to domestic consumers such as power
projects and fertiliser plants to finalise their fuel purchases by June-end as it is unable to
find buyers for six mln tonnes of liquefied natural gas already contracted with US
suppliers.
* GRANULES INDIA: The company's paracetamol manufacturing facility in Andhra
Pradesh has passed an inspection by the US health regulator.
* HINDUSTAN PETROLEUM CORP: The company might sign a fresh memorandum
of understanding with the Rajasthan government in an effort to revive its 372.30-bln
rupees refinery-cum-petrochemical complex plan in Barmer district.
* HINDUSTAN ZINC: SEBI is likely to modify the existing rules for 'offer for sale' and
enable the government to sell its stake in the company, where it is not a promoter,
through the route, said a senior finance ministry official.
* HOUSING DEVELOPMENT FINANCE CORP: Vice-Chairman and Chief Executive
Officer Keki Mistry and Managing Director Renu Karnad sold shares of the company last
week.
* INDIAN HOTELS: The company plans to launch 12 new properties in this financial
year and expand its global footprint.* INFOSYS: The company has proposed a 50-MW solar park in Karnataka and is likely to invest 3.6-3.8 bln rupees in the project.
* IRB INFRASTRUCTURE DEVELOPERS: The company has denied having been told
by the Maharashtra government to halt toll collection in Kolhapur until a committee of
the Maharashtra State Road Development Corp submits its report.
* KNR CONSTRUCTIONS: DSP BlackRock has bought 334,978 shares, or 1.19%
stake, of the company at 185 rupees a share.
* LARSEN AND TOUBRO: Telangana chief minister K Chandrasekhar Rao's
suggestion to the L&T Hyderabad metro rail project to tweak the alignment in a couple of
congested business suburbs and a busy road may have far reaching implications on the
project.
* LUPIN: The company is seeking to build its business in Europe by acquiring generics
manufacturers for as much as $1 bln.
* NTPC: The company has requested the government to consider waiver of 1.39 bln
rupees bank guarantees for delays in developing Jharkhand mine as it said the mine is at
an advanced stage. The company has moved Supreme Court seeking its approval to go
ahead with construction of a 171 MW power project in Uttarakhand.
* OIL AND NATURAL GAS CORP: The company may raise its stake in CAIRN
INDIA's Rajasthan block as a condition for agreeing to allow Cairn operate the block
after expiry of contractual period. Bharatiya Janata Party being in power both at the
Centre and in Gujarat may pave the way for an amicable out-of-court dispute between the
company and the state government over the quantum of royalty.
* PONNI SUGARS (ERODE): GHI LTP has bought 139,450 mln shares, representing
1.62% stake, of the company, at 155 rupees per share.
* REI AGRO: The lenders, who have exposure of 40-bln-rupees to the company are
considering taking the firm to corporate debt restructuring cell.
* RELIANCE COMMUNICATION: The company is tying up with RELIANCE
INDUSTRIES' Reliance Jio for a pan-India intra-circle agreement, straddling the 800- MHz and 2,100-MHz bands.
* SESA STERLITE: Will continue to focus on buying out minority stakes of
shareholders in its subsidiaries.
* TATA STEEL: The Orissa High Court has passed an interim order restraining the state
government from taking a final decision on the grant of renewal of the company's mining
licence for chromite mines till Jun 19. The company has restructured its sales andmarketing set-up for India in a manner that has helped it maintain volumes amid a generally sluggish domestic market.
* TRENT: Tesco in equal partnership with the company is working on opening six to
eight new stores in Maharashtra and Karnataka under three of its formats in this financial
year.
* VIJAYA BANK: The company plans to raise about 6 bln rupees capital.
* ZEE ENTERTAINMENT ENTERPRISES: Shareholders have approved merger of
Diligent Media Corp's media business undertaking with the company.
