Wednesday, June 3, 2009

BOR: Stocks in action for the day: Satyam, Tech Mah, Great Off, Adlabs

Satyam: Tech Mahindra - exclusive – sources -SEBI clears Tech Mahindra open offer for Satyam with riders-SEBI asks Tech Mahindra to disclose information shared with bidders -Additional information to be part of open offer document -Open offer to open on June 12

Satyam-Upaid case update: Sources -Satyam-Upaid direct out-of-court settlement fails -If no agreement reached, case goes to trial in September -Upaid demanded $1 billion, but had climbed down to $100 million -Satyam was offering less than $10 million First phase of layoffs has started in Satyam, non techies first to go

Bharti-MTN deal -Exclusive: Sunil Mittal says all required funding in place for MTN deal -SingTel may own up to 12% of MTN after Bharti merger

Bharati Shipyard -Open offer for Great Offshore at Rs 344/sh, subject to SEBI approval -Open offer opens on July 25, closes on August 13

Board meets: -

Opto Circuits on fund raising
Anu’s Labs on bonus issue, fund raising
Orbit Corp on QIP issue

Essar Oil plans to raise $500 million via QIP

Real estate company told to retire debts first from funds raised via QIP

Government mulls cess on natural gas to fund pipeline plans

Adlabs to demerge radio business, exit film production space

Banks to cut rates after meeting FM next week

L&T, Godrej and Tata Advance System put in bids for drone projects

Adcock Ingram abandons acquisition of Cipla Medpro after Cipla threatened to cancel supply agreement

SAIL may sales up 12% at 1 million tonnes (MT) (YoY)

ACC May cement sales at 1.82 MT versus 1.80 MT (YoY)

Jaiprakash Associates May cement despatches up 25.7% at 8.07 lakh tonne

Moody's ups rating outlook on Tata Motors to 'stable'

Fitch cuts Unitech's long-term rating to 'D' from 'B'; outlook negative:

Shri Lakshmi Cotsyn board meet on June 9 to consider Rs 1200 crore capex plan

OCL Iron and Steel open offer at Rs 21/sh

Manjeera Constructions, Sand Plast to resume trading, no circuit filter today


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