Thursday, May 21, 2009

BOR: Stocks in action for the day: Unitech, Rel Infra, Apollo Hosp, Pfizer

Unitech: Exclusive: Sources Sells 1.6 lakh sq ft corporate offices in Delhi to HNI for Rs 500 crore-In final talks to sell 180-room Gurgaon hotel to HNI for approximately Rs 200 crore

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 Mexico's $1.6 billion bid rivals Vedanta's offer for Asarco:

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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