Stocks in news: Matrix Labs, Great Off, Lanco Infra

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Stocks in news: Matrix Labs, Great Off, Lanco Infra

This article was posted on Jun 1, 2009 and is filed under Press Releases

Matrix:
-Mylan accepts exit price of Rs 211/share for Matrix Labs
Mylan says
-Will accept all tendered shares at Rs 211/sh
-Will have over 90% stake in Matrix Labs, will delist company

Bharti-MTN Deal:
-Mikati Family, Major MTN shareholder, says to vote in favour of deal
-Mikati Family says to vote in favour of deal under current terms
-Mikati Family says proposal fair for all parties
-Mikati Family says will remain long term strategic holders in MTN

Telecom:
-DoT (Department of Telecommunication) committee against any lock-in of promoters equity in telecom licenses
-Alert: TRAI had recommended 3 year lock-in of promoters equity

Tata Motors - SBI Official Says:
-Have got RBI letter allowing Tata Motors’ debentures guarantee
-Tata Motors raised Rs 4,200 crore Via SBI-guaranteed debentures on May 20
Tata Motors says talks with Chrysler still on for electric ace

Sun Pharma Q4 consolidated
-Net profit down 45% to Rs 395 crore
-Net sales down 10% to Rs 1134 crore versus Rs 1257 crore

Voltas FY09
-Net Sales up 35% at Rs 4325.9 crore versus Rs 3202.93 crore
-OPM at 6.54% versus 7.27%
-PAT up 21% at Rs 251.40 crore versus Rs 207.68 crore
Voltas bags two orders worth Rs 300 crore for airport electro-mechanical works

Lanco Infra Q4
-Total Income up 55% at Rs 2056.12 crore versus Rs 1318.54 crore
-Income from Operations at Rs 1811.53 crore versus Rs 1125.08 crore
-Income from power trading Rs 241.89 crore versus Rs 192.12 crore
-Other operating income Rs 2.7 crore versus Rs 1 crore
-OPM at 15% versus 22.6%
-PAT down 47% at Rs 89.86 crore versus Rs 168.78 crore
Lanco Infra board approves ADR / GDR / FCCB / QIP issue up to Rs 2500 crore

Arvind Q4 Standalone
-Net sales at Rs 586.71 crore versus Rs 658.37 crore
-Net Loss at Rs 20.43 crore versus net profit of Rs 5.37 crore

IVR Prime Q4 Standalone
-Net sales at Rs 1.11 crore versus Rs 233.42 crore
-Net loss at Rs 1.67 crore versus net profit of Rs 42.04 crore

Other stocks that are in news today:
Reliance Communication to seek members okay to raise funds via QIB (qualified institutional investors): NW18
Tata Steel secures waiver for financial covenants of 3.67 billion pounds loan to buy Corus
Bharati Shipyard to make open offer to acquire 20% stake in Great Offshore
IBRL (Indiabulls Real Estate) writes off retail arm investment: ET
Ispat promoters pledge entire stake with lenders: ET
Bollywood-Multiplex stand off may end before June 12: BS
PSU Oil companies to up jet fuel prices by average Rs 108/kL from today: NW18
Rico Auto board approves issue of up to 1.21 crore convertible warrants to promoters on preferential basis
Nitin Fire board meet on June 4 to consider FCCB / GDR / QIP issue
Board meets:
-LIC Housing to mull QIP, share issue on preferential basis

NSE revises lot sizes 144 stocks; new lot sizes applicable after June expiry

Tags: Bharti Airtel, Bharti-MTN, Great Offshore, IVR Prime, lanco infra, Matrix, reliance, stocks in news, sun pharma, tata motors, Voltas