STOCKS ALERT – 07.07.2014
* ADANI PORTS & SPECIAL ECONOMIC ZONE: Entered into an equal joint
venture with France based CMA CGM group for a fourth container terminal at
Mundra Port in Gujarat.
* ASHOK LEYLAND: Said it will raise 6.67 bln rupees by issuing shares to
qualified institutional buyers at 36 rupees each.
* CHROMATIC INDIA: Avatar India Opportunities Fund sold 921,755 shares,
representing 1.3% stake, at 4.48 rupees per share.
* DENA BANK: Is hopeful of receiving 12 bln rupees of capital infusion from the
government in the current financial year.
* GAIL INDIA: The company has appointed ENGINEERS INDIA to check the
health of its 870-km gas pipeline network.
* HDIL: IL&FS Trust Co has released pledge on 70 mln shares of the company
held by promoter Rakesh Kumar Wadhawan.
* HINDUSTAN ZINC: The Supreme Court today junked a public interest litigation
seeking investigation into divestment of the government's stake in the company
during 2002.
* IDBI Bank: The board approved fund raising of 40 bln rupees in one or more
tranches, and raising foreign currency funds up to $7.5 bln in 2014-15.
* INDIABULLS HOUSING FINANCE: K.C. Chakrabarty, former deputy governor of
the Reserve Bank of India, will soon join the board of the company as an
independent director.
* JAIN IRRIGATION SYSTEMS: Received a letter of intent from Himachal Pradesh
government for a 975.2-mln-rupee project.
* JSW ENERGY: Plans to raise 50 bln rupees through a qualified institutional
placement in 2014-15 (Apr-Mar).* LUPIN: Is in the process of setting up two new research and development
centres in the US.
* MARICO KAYA ENTERPRISES: Company arm KME Holdings Pte Ltd has decided
against divesting its stake in its arm Kaya Middle East FZE. Franklin Templeton
Mutual Fund sold 108,000 shares, or 0.84% stake, of the company at 248.7
rupees per share.
* ORCHID CHEMICALS AND PHARMACEUTICALS: Has completed the debt recast
scheme it initiated in June last year.
* PIRAMAL ENTERPRISES: Ajay Piramal group is close to buying controlling
stakes--cumulatively worth 20 bln rupees--in six road assets spread across the
country.
* POLARIS FINANCIAL TECHNOLOGY: Luxembourg-based Quoniam Funds
Selection SICAV Emerging Market Equities bought 547,989 shares or 0.55%
stake at 225.99 rupees per share.
* RELIANCE COMMUNICATIONS: Plans to slash 37% of its 15,000-strong
workforce by the end of the month by outsourcing call centre and shared
services operations.
* RELIANCE INDUSTRIES: Is set to open around 100 cash-and-carry stores in
the next two years to take on US retailer Walmart. The company and its
partners, BP Plc and Niko Resources, have served an arbitration notice to the
government, seeking implementation of a delayed gas
price rise.
* RELIANCE INFRASTRUCTURE: The Mumbai Metropolitan Region Development
Authority has filed a plea before a division bench of the Bombay High Court
challenging the judgement upholding Mumbai Metro fares fixed by the company's
arm.
* SOBHA DEVELOPERS: Reported new sales of 754,779 sq ft valued at 4.82 bln
rupees during Apr-Jun.
* SOUTH INDIAN BANK: California-based Pabrai Investment Fund IV LP today
bought 19.6 mln shares or 1.46% stake at 32.50 rupees per share.
* SPICEJET: Has sought regulatory approval for non-refundable fares.
* SUBEX: Said lenders have agreed to redeem its foreign currency convertible
bonds before maturity by easing terms and agreeing to a one-time amount
instead of the next two instalments of interests.* STATE BANK OF TRAVANCORE: Has launched a scheme called "SBT Contractor
Plus" to provide hassle-free loans to public contractors for various work relating
to public infrastructure.
* STYROLUTION ABS (INDIA): The promoter made an open offer to buy 25% in
the company at 499.81 rupees per share.
* TATA POWER CO: Inked conditional pacts with Bakrie Group entity for selling
5% stake in PT Kaltim Prima Coal and 30% stake in the related power
infrastructure companies of the coal mine. The company is looking to export fly- ash from its 4,000-MW Mundra plant to West Asia.
* TECH MAHINDRA: Has signed a memorandum of association with the Dubai
Economic Council for providing information technology solutions to help Dubai
achieve the status of "smart city".
* ADANI PORTS & SPECIAL ECONOMIC ZONE: Entered into an equal joint
venture with France based CMA CGM group for a fourth container terminal at
Mundra Port in Gujarat.
* ASHOK LEYLAND: Said it will raise 6.67 bln rupees by issuing shares to
qualified institutional buyers at 36 rupees each.
* CHROMATIC INDIA: Avatar India Opportunities Fund sold 921,755 shares,
representing 1.3% stake, at 4.48 rupees per share.
* DENA BANK: Is hopeful of receiving 12 bln rupees of capital infusion from the
government in the current financial year.
* GAIL INDIA: The company has appointed ENGINEERS INDIA to check the
health of its 870-km gas pipeline network.
* HDIL: IL&FS Trust Co has released pledge on 70 mln shares of the company
held by promoter Rakesh Kumar Wadhawan.
* HINDUSTAN ZINC: The Supreme Court today junked a public interest litigation
seeking investigation into divestment of the government's stake in the company
during 2002.
* IDBI Bank: The board approved fund raising of 40 bln rupees in one or more
tranches, and raising foreign currency funds up to $7.5 bln in 2014-15.
* INDIABULLS HOUSING FINANCE: K.C. Chakrabarty, former deputy governor of
the Reserve Bank of India, will soon join the board of the company as an
independent director.
* JAIN IRRIGATION SYSTEMS: Received a letter of intent from Himachal Pradesh
government for a 975.2-mln-rupee project.
* JSW ENERGY: Plans to raise 50 bln rupees through a qualified institutional
placement in 2014-15 (Apr-Mar).* LUPIN: Is in the process of setting up two new research and development
centres in the US.
* MARICO KAYA ENTERPRISES: Company arm KME Holdings Pte Ltd has decided
against divesting its stake in its arm Kaya Middle East FZE. Franklin Templeton
Mutual Fund sold 108,000 shares, or 0.84% stake, of the company at 248.7
rupees per share.
* ORCHID CHEMICALS AND PHARMACEUTICALS: Has completed the debt recast
scheme it initiated in June last year.
* PIRAMAL ENTERPRISES: Ajay Piramal group is close to buying controlling
stakes--cumulatively worth 20 bln rupees--in six road assets spread across the
country.
* POLARIS FINANCIAL TECHNOLOGY: Luxembourg-based Quoniam Funds
Selection SICAV Emerging Market Equities bought 547,989 shares or 0.55%
stake at 225.99 rupees per share.
* RELIANCE COMMUNICATIONS: Plans to slash 37% of its 15,000-strong
workforce by the end of the month by outsourcing call centre and shared
services operations.
* RELIANCE INDUSTRIES: Is set to open around 100 cash-and-carry stores in
the next two years to take on US retailer Walmart. The company and its
partners, BP Plc and Niko Resources, have served an arbitration notice to the
government, seeking implementation of a delayed gas
price rise.
* RELIANCE INFRASTRUCTURE: The Mumbai Metropolitan Region Development
Authority has filed a plea before a division bench of the Bombay High Court
challenging the judgement upholding Mumbai Metro fares fixed by the company's
arm.
* SOBHA DEVELOPERS: Reported new sales of 754,779 sq ft valued at 4.82 bln
rupees during Apr-Jun.
* SOUTH INDIAN BANK: California-based Pabrai Investment Fund IV LP today
bought 19.6 mln shares or 1.46% stake at 32.50 rupees per share.
* SPICEJET: Has sought regulatory approval for non-refundable fares.
* SUBEX: Said lenders have agreed to redeem its foreign currency convertible
bonds before maturity by easing terms and agreeing to a one-time amount
instead of the next two instalments of interests.* STATE BANK OF TRAVANCORE: Has launched a scheme called "SBT Contractor
Plus" to provide hassle-free loans to public contractors for various work relating
to public infrastructure.
* STYROLUTION ABS (INDIA): The promoter made an open offer to buy 25% in
the company at 499.81 rupees per share.
* TATA POWER CO: Inked conditional pacts with Bakrie Group entity for selling
5% stake in PT Kaltim Prima Coal and 30% stake in the related power
infrastructure companies of the coal mine. The company is looking to export fly- ash from its 4,000-MW Mundra plant to West Asia.
* TECH MAHINDRA: Has signed a memorandum of association with the Dubai
Economic Council for providing information technology solutions to help Dubai
achieve the status of "smart city".
