Stocks in news: Chettinad Cem, Kilburn, GTC, Fortis, SAIL
Published on Wednesday, February 10th, 2010 at 8:55 AMAuthor: stockalert (2027 Articles)
NTPC FPO
-NTPC FPO clearing price for QIBs at Rs 202 versus Rs 201 floor price: NW18
-Maximum bids for NTPC FPO received at Rs 209
IPO update:
Hathway Cable (closes tomorrow)
-QIB at 0.286 times (X), NII at 2.438X, Retail at 0.038X
Arss Infrastructure (closes tomorrow)
-QIB at 5.27X, NII at 1.475X, Retail at 0.581X
Divestment: Exclusive
-Need to revisit French auction method for future issues: Sources
-Govt analysis of NTPC FPO to focus on several points: Srcs
-Govt will discuss impact of French Auction on yield: Srcs
-Revisiting French auction does not imply any decision taken: Srcs
-All lessons learnt from NTPC FPO will be analysed: Srcs
Cognizant Q4
-Revenue up 6% at USD 902.7 million (QoQ)
-Net income up 5.4% at USD 144 million (QoQ)
-Net employee additions over 10,300
Steel Ministry says
-SAIL FPO proposal soon to go cabinet
-Sent proposal to department of divestment
-Jan steel sales at 1.01 million tonnes versus 1.02 million Tonnes (YoY)
SAIL Chairman says
-Will send our views to the Ministry on issue of bonus shares before FPO
-Raw material prices rising, to that extent see steel prices rising
L&T Infotech says
-IPO plans on track, cannot define timeline for now
-Will look at acquisitions in retail, banking space
-Budget for acquisition varies between USD 150-200 million
L&T General Insurance
-L&T General Insurance Venture receives initial nod from IRDA: Srcs
-L&T General receives R1 approval from IRDA: Srcs
CNBC-TV18 ALERT: R1 is the first stage of regulatory approval
Board meets today:
-Fortis Healthcare – raise funds upto Rs 1000 crore
-DIC India – Q3 results
-Bombay Dyeing: issue of Warrants to Promoters on a preferential basis
-Indowind Energy – allotment of share warrants on preferential basis.
-Balaji Amines – consider setting up of a hotel at solapur (low volume)
Ex- dates:
-Consolidated Construction- stock split from 10 to 2
-KRBL – stock split from 10 to 1
-Mounteverest Trading – bonus of 3:1
-Oil India – dividend of Rs 18
Fame-INOX Deal: Reliance MediaWorks
-Fame-INOX deal involves suppression of material facts
-Raises questions on violation of SEBI takeover code
-Raises queries on fiduciary duties of listed cos promoters & protection of interest of minority shareholders
Budget – Mint Alert:
-Changes recommended by Planning Commission; may be incorporated in upcoming Budget
-Move in favour of companies Like BHEL, L&T
Govt may up import duties on foreign power generation equipment: Mint Exclusive
Other stocks that are in news today:
-Indian ADRs: Patni up 8%, ICICI Bk up 4.4%, Infosys up 4.2%, Sterlite up 3.5%
-Bombay HC disposes off company petition for scheme of arrangement between companies, Amtek India, Amtek auto and others as infructuous
-Shriram Properties sells 49% stake to ICICI Pru for Rs 40 crore – ET
-GTC can now develop city property, Pramod Jain withdraws objection in CLB – ET
-BSNL mulls private placement as IPO hopes fade – BS (May divest 5-10% stake)
-ADAG firm hikes stake in Fame to 7.89% from 6.25% – BS
-Geecee Ventures (Gwalior Chemical) buy back offer at Rs 120/sh
-Koutons to open 100 more family concept stores by end-FY 11
-Kilburn Engi bags orders worth Rs 67.8 crore
-Chettinad Cement board approves scheme of arrangement with Allied Minerals and Metals in the ratio of 1:46
Source : Link
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