Unitech: Exclusive: Sources Sells 1.6 lakh sq ft corporate offices in
Reliance Infrastructure promoters' warrants are unlikely to be converted-Alert: Company issued 4.3 crore preferential warrants in January 2008 to Anil Ambani & Associates at Rs 1,822/sh-ADAG official says objective of hiking stake to 44.4% achieved via company's buyback program.
Apollo Hospitals: Enforcement Directorate (ED) issues show cause notice to Apollo Hospitals-ED show cause notice relates to alleged FEMA violation ED alleges Rs 60 cr violation of end-use conditions of GDR proceeds ED alleges GDR proceeds used for purchasing shares of Indian companies Apollo Hospitals had raised GDR of $70 million (Close to Rs 300 crore) in '05.
Satyam: Satyam slashes variable pay by 10-30% across levels-Employees on bench range from 10,000-12,000.
Pfizer -To source 15 injectable off patent products from Claris Lifesciences Takes up company’s portfolio of sterile injectables to 60 in India.
PNB: PNB to merge PNB Gilts with company: PNB to disinvest 26% stake in PNB Housing Finance to Dawnay Day.
Stocks in news today:
Tata Motors raises Rs 4200 crore via NCDs, to be used for part repayment of $3 billion loan to buy JLR
Grupo
Sobha, HDIL line up to raise funds via QIP
Birla group may sell stake in retail venture, in talks with PE firms
Plans to divest 10% in BSNL may be reviewed (Can see a rub off effect on MTNL)
Reliance Power bags four hydel projects
New government may consider fee pricing of auto fuels:
Adani Enterprises board approves QIP issue up to Rs 1500 crore
Aga Khan fund seeks nod to retain excess holding in DCB
Austral Coke board meet on May 28 to consider GDR / ADR / FCCB / QIP issue
Jindal Photo buy back opens on May 27
Board meets:
Gammon India on raising funds via preferential issue of warrants
Jindal Saw on preferential issue
India Securities to resume trading, no circuit filter today ((after reduction of capital))
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