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Stocks in news: Bharti, Aban, NTPC, Puravankara, HCL Tech

This article was posted on Aug 25, 2009 and is filed under Market News

Here are stocks that are in news today:

Results today: HCL Tech FY09 ended June 30

Bharti-MTN deal update: Sources
-RoC (Registrar of Companies) to scrutinise proposed GDR (global depositary receipt) issue before final SEBI nod
-Alert: Bharti proposes to issue 25% equity through GDRs to MTN
((Top Bharti-MTN executives call on Indian Govt Ministers))

Exclusive: Reliance Communication Sources
-Company plans to invest Rs 1,000 crore in Rural Telecom Infra
-Company’s investment to boost fibre optic, hybrid data network
-Company may add 15,000 kilometers fibre optic capacity
-Alert: Reliance Communication’s current fibre optic capacity at approximately 1.75 lakh KM

Oil India
-Govt panel sets Oil India IPO price band at Rs 950-1,050/share
-Alert: Oil India IPO to open on September 7, close September 11
-Govt to get up to Rs 2,205 crore from Oil India IPO
-Company to raise up to Rs 2,770 crore via IPO

Board meets:
-Pyramid Saimira on issue of securities, de-merger of subsidiary
-Greenply Industries on terms of rights issue
-Bhandari Hosiery on rights issue

Indiabulls Property – Exclusive:
-Indiabulls Property Investment Trust files for S$200 million rights issue
-Alert: Indiabulls Property Investment Trust is a REIT listed at SGX
-New units to be issued to existing shareholders including IBREL
-Primary purpose of rights issue is to repay/prepay loans
-No firm decision taken on rights issue: IPIT To SGX

Other stocks that are in news today:
Power Secretary says NTPC may build Iran power plant: DJ ((at least 4000 MW capacity, cost Rs 20,000 crore))
Finance Ministry wants 2G spectrum allocation halted – BS
Delhi based Raheja developers plans to raise Rs 1000 crore via IPO – FE
Shriram City Union Finance open offer at Rs 400/share, opens on August 27 ((CMP Rs 390))
Puravankara, Mexico’s Homex in JV talks for affordable housing
BMC Turns the Powai lake tap off for L&T because of depleting storage levels in Mumbai’s reservoirs – BL
Aban Offshore still in NSE F&O curb

source: moneycontrol

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