Monday, March 16, 2009

Stocks in News: Infosys, ITC, EIH, Leela Ventures

· ITC, EIH, Leela Ventures in race for hotel project in GMR’s Delhi airport project.

· Infosys eyes $200 million healthcare buyout

· Omaxe restructures Rs 450 crore debt

· Federal Bank, Catholic Syrian close to share swap deal ((Share swap likely 2 shares of Federal Bank for 1 share of Catholic Syrian))

· Bajaj small car stuck in Design Jam, to miss 2011 deadline.

· IDBI in talks to buyout banks.

· TV Today buyback up to Rs 115/sh opens today ((CMP Rs 60.70))

· Uniproducts India delisting offer at Rs 40/sh opens today ((CMP Rs 38.80))

· Lotte India board approves delisting from stock exchanges (Korean parent co proposes acquiring balance 19.6% stake in company)

· RBI extends FCCB buyback procedure deadline to December 31 from March 31

· American Tower Co to buy unlisted Xcel for Rs 700 cr. ((Earlier ATC was reported looking to acquire stake in Rel Comm’s tower biz))


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