STOCKS ALERT – 08.07.2014
* AARTI INDUSTRIES: Franklin Templeton Mutual Fund has bought 444,023
shares or 0.50% stake in the company at 231.72 rupees per share.
* ADANI ENTERPRISES: The Competition Commission of India has imposed a
256.7-ml-rupee fine on arm Adani Gas for abusing dominant position. Promoter
Adani Properties has pledged 7.6 mln shares of the company.
* CASTROL INDIA: Has entered into an agreement with Triumph Motorcycles to
supply lubricants and engine oil to Triumph dealerships in India.
* EIH: Has sought shareholder nod to alter the company's memorandum of
association in order to diversify into contracting and project management
consulting operations.
* GREENPLY INDUSTRIES: Has started commercial production of 'laminated
wooden flooring' at the company's unit at Pantnagar, Uttarakhand.
* HINDUSTAN CONSTRUCTION CO: Half of the proceeds from arm Lavasa Corp's
7.5-bln-rupee IPO will flow to a firm owned by the company and its chairman Ajit
Gulabchand.
* ICRA: Posted Apr-Jun consolidated net profit of 218.02 mln rupees, up 31.53%
on year and net sales of 682.09 mln rupees, up 16.72% on year.
* IDFC: Is in talks with buyers to sell two IT parks but is yet to enter a binding
agreement.
* INDO AMINES: Has decided to close its associate company, Indo Amines
(Europe), with effect from Jun 30, 2014.
* INDO CREDIT CAPITAL: Board has approved the Gold Loan Segment as a
Finance Company.
* KEC INTERNATIONAL: Is seeking shareholder approval to raise non convertible
debentures worth up to 1 bln rupees through private placement.* KOTAK MAHINDRA BANK: Abu Dhabi Investment Authority has sold 4.81 mln
shares or 0.62% stake in the company at 874.55 rupees per share.
* LARSEN & TOUBRO: Has received a 45-mln-rupee order jointly with Dhabriya
group to provide windows and doors for DLF's luxury home project in Chennai.
* MARICO: Has sought shareholder approval at its annual general meeting on Jul
30 to issue non-convertible debentures worth up to 3 bln rupees.
* MUTHOOT FINANCE: Has launched "Muthoot Advantage Loan" scheme that
offers 75% of gold value to customers at an initial interest rate of 18%.
* NETWORK18 MEDIA AND INVESTMENTS: RELIANCE INDUSTRIES'
Independent Media Trust has completed acquisition of the company, including
that of its subsidiary TV18 BROADCAST.
* NHPC: Has recommended a final dividend of 0.30 rupee/share for the financial
year 2013-2014.
* NMDC: Will pay 12.1 mln Australian dollars to subscribe to a rights issue by
Legacy Iron Ore.
* OIL AND NAUTRAL GAS CORP: The government may divest 5-10% stake in the
company that could raise up to 350 bln rupees.
* REI AGRO: Promoter Aspective Vanijya has cut its stake in the company to
15.72% from 16.47% between Jun 25 and Jul 1 through open market.
* RELIANCE INDUSTRIES: Is looking to expand cooperation with South Korean
information technology firms in the mobile technology sector. Former finance
secretary Sarma has written a letter to Justice. Barucha asking the latter to
recuse himself from the arbitration proceedings in the company's Krishna- Godavari Basin D6.
- Reliance Jio Infocomm has signed an agreement to share 500 towers of
Videocon Telecom in Uttar Pradesh (east and west), Bihar, and
Jharkhand. Reliance Industries' gas reserves in the Krishna-Godavari Basin may
hit 45-50 mscmd in the next five years. The company's attempt to push for an
early gas price hike has hit a hurdle as the oil ministry has asked the arbitral
panel not to initiate process until the government cross checks all case
documents.
* RELIANCE INFRASTRUCTURE: The company's arm Mumbai Metro One has cut
its ticket fares to 10-20 rupees from 10-40 rupees earlier.* RELIANCE POWER: Chairman Anil Ambani met Andhra Pradesh Chief Minister
seeking revival of the group's stalled 3,960-MW ultra-mega power project at
Krishnapatnam.
* SUNDARAM FINANCE: Has got shareholder nod to raise up to 55 bln rupees
through non-convertible debentures on a private placement basis.
* TATA GLOBAL BEVERAGES: Starbucks-TATA joint venture to enter Chennai
market today, with the launch of three outlets in the city.
* TATA MOTORS: To issue fixed-deposits to the public and shareholders to fund
operations.
* TATA TELESERVICES: Has signed a pact with Google's YouTube and Apalya
Technologies to launch a video data plan called "YouTube Recharge" for its 3G
prepaid users.
* TITAGARH WAGONS: The open offer of the company to acquire 5.05 mln
shares of CIMMCO will open on Friday and close on Jul 24.
* AARTI INDUSTRIES: Franklin Templeton Mutual Fund has bought 444,023
shares or 0.50% stake in the company at 231.72 rupees per share.
* ADANI ENTERPRISES: The Competition Commission of India has imposed a
256.7-ml-rupee fine on arm Adani Gas for abusing dominant position. Promoter
Adani Properties has pledged 7.6 mln shares of the company.
* CASTROL INDIA: Has entered into an agreement with Triumph Motorcycles to
supply lubricants and engine oil to Triumph dealerships in India.
* EIH: Has sought shareholder nod to alter the company's memorandum of
association in order to diversify into contracting and project management
consulting operations.
* GREENPLY INDUSTRIES: Has started commercial production of 'laminated
wooden flooring' at the company's unit at Pantnagar, Uttarakhand.
* HINDUSTAN CONSTRUCTION CO: Half of the proceeds from arm Lavasa Corp's
7.5-bln-rupee IPO will flow to a firm owned by the company and its chairman Ajit
Gulabchand.
* ICRA: Posted Apr-Jun consolidated net profit of 218.02 mln rupees, up 31.53%
on year and net sales of 682.09 mln rupees, up 16.72% on year.
* IDFC: Is in talks with buyers to sell two IT parks but is yet to enter a binding
agreement.
* INDO AMINES: Has decided to close its associate company, Indo Amines
(Europe), with effect from Jun 30, 2014.
* INDO CREDIT CAPITAL: Board has approved the Gold Loan Segment as a
Finance Company.
* KEC INTERNATIONAL: Is seeking shareholder approval to raise non convertible
debentures worth up to 1 bln rupees through private placement.* KOTAK MAHINDRA BANK: Abu Dhabi Investment Authority has sold 4.81 mln
shares or 0.62% stake in the company at 874.55 rupees per share.
* LARSEN & TOUBRO: Has received a 45-mln-rupee order jointly with Dhabriya
group to provide windows and doors for DLF's luxury home project in Chennai.
* MARICO: Has sought shareholder approval at its annual general meeting on Jul
30 to issue non-convertible debentures worth up to 3 bln rupees.
* MUTHOOT FINANCE: Has launched "Muthoot Advantage Loan" scheme that
offers 75% of gold value to customers at an initial interest rate of 18%.
* NETWORK18 MEDIA AND INVESTMENTS: RELIANCE INDUSTRIES'
Independent Media Trust has completed acquisition of the company, including
that of its subsidiary TV18 BROADCAST.
* NHPC: Has recommended a final dividend of 0.30 rupee/share for the financial
year 2013-2014.
* NMDC: Will pay 12.1 mln Australian dollars to subscribe to a rights issue by
Legacy Iron Ore.
* OIL AND NAUTRAL GAS CORP: The government may divest 5-10% stake in the
company that could raise up to 350 bln rupees.
* REI AGRO: Promoter Aspective Vanijya has cut its stake in the company to
15.72% from 16.47% between Jun 25 and Jul 1 through open market.
* RELIANCE INDUSTRIES: Is looking to expand cooperation with South Korean
information technology firms in the mobile technology sector. Former finance
secretary Sarma has written a letter to Justice. Barucha asking the latter to
recuse himself from the arbitration proceedings in the company's Krishna- Godavari Basin D6.
- Reliance Jio Infocomm has signed an agreement to share 500 towers of
Videocon Telecom in Uttar Pradesh (east and west), Bihar, and
Jharkhand. Reliance Industries' gas reserves in the Krishna-Godavari Basin may
hit 45-50 mscmd in the next five years. The company's attempt to push for an
early gas price hike has hit a hurdle as the oil ministry has asked the arbitral
panel not to initiate process until the government cross checks all case
documents.
* RELIANCE INFRASTRUCTURE: The company's arm Mumbai Metro One has cut
its ticket fares to 10-20 rupees from 10-40 rupees earlier.* RELIANCE POWER: Chairman Anil Ambani met Andhra Pradesh Chief Minister
seeking revival of the group's stalled 3,960-MW ultra-mega power project at
Krishnapatnam.
* SUNDARAM FINANCE: Has got shareholder nod to raise up to 55 bln rupees
through non-convertible debentures on a private placement basis.
* TATA GLOBAL BEVERAGES: Starbucks-TATA joint venture to enter Chennai
market today, with the launch of three outlets in the city.
* TATA MOTORS: To issue fixed-deposits to the public and shareholders to fund
operations.
* TATA TELESERVICES: Has signed a pact with Google's YouTube and Apalya
Technologies to launch a video data plan called "YouTube Recharge" for its 3G
prepaid users.
* TITAGARH WAGONS: The open offer of the company to acquire 5.05 mln
shares of CIMMCO will open on Friday and close on Jul 24.
