STOCKS ALERT – 24.06.2014
* ADANI PORTS AND SPECIAL ECONOMIC ZONE: Has completed acquisition of
Dhamra Port for 55 bln rupees from TATA STEEL and LARSEN & TOUBRO.
* BAJAJ HINDUSTHAN: The company has redeemed on maturity $15-mln foreign
currency convertible bonds issued to Washington-based International Finance Corp along
with $2.723 mln premium.
* DB Corp: Promoters have sold a total of 3.56 mln shares on the BSE through open
market for 1.08 bln rupees on Thursday.
* DHANLAXMI BANK: The bank and SHRIRAM CITY UNION FINANCE are locked
in a legal tussle following differences from a bilateral securitised loan transaction worth
3.51 bln rupees executed in 2009-10.
* DR DATSONS LABS: Heshika Growth Fund has sold 349,122 shares, representing
1.1% stake, of Dr Datsons Labs Ltd at 16.2 rupees a share.
* GMR INFRASTRUCTURE: Is ready to list its energy and airport units in view of
improvement in market sentiment and recent reforms announced by SEBI for retail
investors.
* GODREJ INDUSTRIES: Promoter Godrej & Boyce Mfg Co will increase its stake in
the company by 2.97% through inter-se transfer before Jun 30.
* JINDAL STEEL AND POWER: Has won an order to supply 88,000 tn of long rails to
the Tata-Aldesa joint venture for use in the Eastern Dedicated Freight Corridor.
* HERO MOTOCORP: Will introduce four new scooter models to complement its
existing two-model line-up of Pleasure and Maestro.
* LARSEN & TOUBRO: The company is unlikely to float initial public offering for road
assets of arm L&T Infrastructure Development Projects due to weak market conditions,
Chief Financial Officer Shankar Raman said.
L&T is relocating its mining unit to Kolkata from Chennai to be closer to the major
mining belt of east India and expects revenues to rise as the outlook for the core sector
improves with the new government's thrust on industrial growth.* PVR: The company has added two screens to its multiplex at Central Mall in
Hyderabad.
* RELIANCE MEDIAWORKS: Is sharpening its focus on growing its film exhibition
business down south through its exhibition chain brand, Big Cinemas.
* STEEL AUTHORITY OF INDIA: Likely to exit the 350-bln-rupee revival project of
the Sindri fertiliser plant in Jharkhand due to inordinate delay in land acquisition.
* TATA STEEL: At least 17 people were injured today after clash between workers and
security personnel of the company at its Kalinganagar site in Odisha.
* VIDEOCON INDUSTRIES: Promoters have got 1.2 mln pledged shares of the
company released
* ADANI PORTS AND SPECIAL ECONOMIC ZONE: Has completed acquisition of
Dhamra Port for 55 bln rupees from TATA STEEL and LARSEN & TOUBRO.
* BAJAJ HINDUSTHAN: The company has redeemed on maturity $15-mln foreign
currency convertible bonds issued to Washington-based International Finance Corp along
with $2.723 mln premium.
* DB Corp: Promoters have sold a total of 3.56 mln shares on the BSE through open
market for 1.08 bln rupees on Thursday.
* DHANLAXMI BANK: The bank and SHRIRAM CITY UNION FINANCE are locked
in a legal tussle following differences from a bilateral securitised loan transaction worth
3.51 bln rupees executed in 2009-10.
* DR DATSONS LABS: Heshika Growth Fund has sold 349,122 shares, representing
1.1% stake, of Dr Datsons Labs Ltd at 16.2 rupees a share.
* GMR INFRASTRUCTURE: Is ready to list its energy and airport units in view of
improvement in market sentiment and recent reforms announced by SEBI for retail
investors.
* GODREJ INDUSTRIES: Promoter Godrej & Boyce Mfg Co will increase its stake in
the company by 2.97% through inter-se transfer before Jun 30.
* JINDAL STEEL AND POWER: Has won an order to supply 88,000 tn of long rails to
the Tata-Aldesa joint venture for use in the Eastern Dedicated Freight Corridor.
* HERO MOTOCORP: Will introduce four new scooter models to complement its
existing two-model line-up of Pleasure and Maestro.
* LARSEN & TOUBRO: The company is unlikely to float initial public offering for road
assets of arm L&T Infrastructure Development Projects due to weak market conditions,
Chief Financial Officer Shankar Raman said.
L&T is relocating its mining unit to Kolkata from Chennai to be closer to the major
mining belt of east India and expects revenues to rise as the outlook for the core sector
improves with the new government's thrust on industrial growth.* PVR: The company has added two screens to its multiplex at Central Mall in
Hyderabad.
* RELIANCE MEDIAWORKS: Is sharpening its focus on growing its film exhibition
business down south through its exhibition chain brand, Big Cinemas.
* STEEL AUTHORITY OF INDIA: Likely to exit the 350-bln-rupee revival project of
the Sindri fertiliser plant in Jharkhand due to inordinate delay in land acquisition.
* TATA STEEL: At least 17 people were injured today after clash between workers and
security personnel of the company at its Kalinganagar site in Odisha.
* VIDEOCON INDUSTRIES: Promoters have got 1.2 mln pledged shares of the
company released
