Monday, March 16, 2009

BOR: Stocks in Action for the day: RIL, Satyam, Bharti, Infosys, & Pantaloon while realty firms will be in action as RBI is verifying solvency.

• Satyam: R1: 49, R2: 52.5, R3: 55.7, S1: 42.7, S2: 39.2, S3: 35.7.
Satyam: RFP Says -2-year lock-in on sale of Satyam assets -Bidders to waive rights to challenge rejection by board -Satyam board retains right to reject any bidder -Short listing of bidders to take place by March 25 -Company requires cash infusion of approximately Rs 1000 crore as per board assessment -Successful bidder to be announced by April 30, 2009 Sources Say: Exclusive -120-130 entities have registered for Satyam RFP; no bidders short listed-Few PE firms have registered for RFP -Several Indian law firms have registered for RFP- Upaid says will hold Satyam buyer responsible for payment in suit: DJ-Reports say Fidelity, IBM, & KKR in fray for Satyam, Fidelity denied it Exclusive: Phaneesh Murthy says IGate bidding for Satyam along with large US PE fund

• Pantaloon: R1: 128.1, R2: 132.8, R3: 139.8, S1: 116.5, S2: 109.5, S3:104.8.
Pantaloon February total sales up 31% at Rs 535 crore (YoY)

• RIL: R1: 1310, R2: 1335.8, R3: 1377.8, S1: 1242.2, S2: 1200.3, S3: 1174.4.
RIL to start retail fuel operations from today, in talks to lease/sell petrol pumps to IOC: says Reports

• Reliance Infra: R1: 473.5, R2: 480.5, R3: 491.5, S1: 455.5, S2: 444.4, S3:437.
CRISIL puts Reliance Infra's AAA Debt rating on watch with negative outlook

• Bharti: R1: 570, R2: 582.5, R3: 594.4, S1: 545.2, S2: 532.7, S3:520.3.
Bharti to recast biz into 9 arms, new reporting structure to be unveiled in April

• RBI verifying solvency of 10 realty firms including DLF, Unitech, India Bulls Realty, HDIL, Ansal, Akruti, Mahindra Life, Peninsula, Anant Raj and Phoenix Mills


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