Tuesday, February 24, 2009

BOR Stocks in Action for the day: Satyam, TTML, Sun Pharma, Rel Infra, Adani, NCC & DLF

SATYAM to be eyed on the back of source news:-SEBI to insist on open offer by acquirer of Satyam; move aimed at protecting small investors. Pref shares guidelines to be amended to facilitate fresh equity, to be in sync with new takeover norms

Satyam update: From Sources: -Board Looking At Min Net Worth Criteria For Bidders; In Favour Of Open Offer -Undecided On IT Experience As Criteria As May Rule Out PE Players -Suitors Other Than BK Modi Also More Comfortable With 51% -BK Modi Has Sent A Formal Letter To Board; No One Else Has Written To Board -Decision On Criteria For Bidders Likely By End Of The Week

NCC for down: AP govt cancels Rs 1,000 cr project awarded to Nagarjuna Construction: Source PTI

DLF for down under stress: As it cuts prices up to 19% at its Chennai OMR project

Sugar counter to be eyed in action on the back of Cabinet approves stock limit for sugar for 4 months to maintain prices. Cabinet Expected To Announce Min Support Price For Sugar.

TTML in Action: Cabinet approves NTT DoCoMo’s acquisition of 27.3% stake in TTML.

Adani in focus: Board of Approval Okays amalgamation of 3 Mundra SEZs with size of over 6000 hecters.

Sun Pharma-Taro heads meet on possible compromise formula to acquire Taro: Globes.

GAIL says force majeure necessitated due to cut back in supplies from PMT consortium to GAIL ((consortium includes British Gas, ONGC & RIL))

Gujarat Gas says gas supplied by GAIL has reduced by 31%

Reliance Infra buyback up to Rs 700 cr at max price of Rs 700 to open today


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