Wednesday, April 1, 2009

BOR Stocks in Action for the day: Wockhardt, Jet Air, Suzlon & Future Cap...

Wockhardt: -To refer company to CDR cell for financial restructuring through ICICI Bank Annual audit for year ended 2008 to be completed by April 25, 2009. -Alert: Wockhardt's debt equity ratio at 2.3x as on December 31 -Alert: Wockhardt's net debt at Rs 3,400 crore as on December 31, 2008

Jet Airways: -Bombay HC issues warrant of attachment to Jet in Sahara default case: Sources -Approaches Bombay HC regarding warrant of notice; may seek stay on Sahara's execution application -Removable property including aircraft, office equipment of Jet could be attached:

Suzlon: -Plans to restructure terms of convertible bonds worth $500 million due in 2012 -COO says got orders worth 550-600MW in Jan-Mar.

Future Capital Holdings board approves: -Transfer of retail financial services & wholesale credit division into wholly owned subsidiary Future Capital Financial Services -Merger of wholly owned subsidiary Future Capital Credit & a NBFC with wholly owned subsidiary Future Capital Financial Services

US Auto crisis puts Rs 5000 crore deals at risk, TCS to be worst hit. Co’s have clarified that the existing contract are not impacted


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