Pipavav Shipyard IPO opens today, offer of 8.54 crore shares, price band Rs 55-60 a share ((includes 1.52 crore shares for anchor investors))

Finance Ministry sources: exclusive
-No dual listing plea to Government of India (GoI) for Bharti-MTN combine
-Bharti hasn’t formally sought for policy changes/clarity
-Dual listing is FEMA (Foreign Exchange Management Act) issue
-Any policy move requires MoF, MCA & RBI consent
-Alert: Reports suggest South Aftrica wants India to allow dual listing

LIC Housing Finance – Exclusive: Sources
-LIC Housing Finance QIP (qualified institutional placement) closes; price at Rs 660/share ((CMP Rs 673))
-QIP book size 1 crore shares; raises Rs 660 crore
-Alert: LIC Housing Finance QIP book subscribed 5 times

Patni – Exclusive: Sources
-Patni may have identified 2 US companies for acquisition
-Annual revenues of each company between $200-400 million
-Patni may use about $300 million cash on books for buy
-Deal may be closed in next couple of weeks
-Alert: Patni yet to respond to CNBC-TV18 query
-Patni promoter family divided over stake sale issue
-2 out of 3 Patni brothers not interested in selling stake

Tata Tea:
-SAT sets aside SEBI order on Tata Tea’s Mount Everest open offer
-SEBI says Tata Tea to pay Mount Everest members non-compete fee

Electrosteel Castings
-Board approves QIP issue up to Rs 600 crore
-Cancels 87 lakh warrants on non-conversion ((issued at Rs 68, CMP Rs 43))

Q2 Advance Tax numbers
-TCS pays Rs 220 crore versus Rs 81 crore (QoQ): Sources
-ICICI Bank Pays Rs 501 crore
-Tata Steel pays Rs 400 crore versus Rs 230 crore (YoY): NW18
-Asian Paints pays Rs 85 crore versus Rs 35 crore (YoY): NW18
-Ultratech Cement pays Rs 125 crore versus Rs 40 crore (YoY)
-Ambuja Cement pays Rs 150 crore versus Rs 175 crore versus (YoY)
-M&M pays Rs 112 crore versus Rs 16 crore (YoY)
-Bajaj Auto pays Rs 170 crore versus Rs 90 crore (YoY)
-Tata Power pays Rs 75 crore versus Rs 14 crore (YoY)
-Lupin pays Rs 49.75 crore versus Rs 16 crore (YoY)
-RCF pays Rs 33 crore versus Rs 50 crore (YoY)
-IDBI pays Rs 62 crore versus Rs 20 crore (YoY)

Oil bonds:
-Govt issues oil bonds worth Rs 10,306 crore
-Govt issues Rs 6,207 crore bonds to Indian Oil
-Govt issues Rs 2,034 crore bonds to HPCL
-Govt issues Rs 2,065 crore bonds to BPCL
-Bonds for Q4 FY09, part of budget allocation

Other stocks that are in news today:
-RIL (Reliance Industries) sets September 29 as record date for RPL’s (Reliance Petroleum) merger with company
-Elder Pharma in talks with US based PE player TA Associates to dilute minority stake – FE
-Jet fuel price reduced by an average Rs 1,285/kl: PTI
-Air India cuts fares by 46% for next 3 days to counter Jet’s offer, other airlines follow suit
-From NW18: Marico Bangladesh arm IPO to list today: Official
-Ex-split: IL&FS Investment Managers from Rs 10 to Rs 2

source: moneycontrol

Tags: advance tax numbers, bpcl, Elder Pharma, Electrosteel Castings, IL&FS Investment

Similar Posts:

• Stocks in news: RIL, RNRL, TCS, HDFC Bank, Sasken
• Stocks in news: HDIL, Tata Motors, RIL, Essar Oil, PTC
• Stocks in news: Suzlon, JP Asso, Cipla, Bharti, KLG Cap Svs
• Stocks in news: Bharti, Aban, NTPC, Puravankara, HCL Tech
• Stocks in news: ABG Ship, Great Off, Rel Infra, HCL Tech