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Stocks in news: Spice Comm, Fortis, Mah Satyam, Wipro

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

Here are stocks that are in news today:

From Sources:
-EGoM (Empowered Group of Ministers) on gas pricing to be constituted within a fortnight
-Power Ministry may push for gas price to include marketing margin
-Power Ministry says $4.2/mmBtu should include marketing margin

Reliance Infratel
-Files DRHP for 15.6 crore shares with SEBI
-To offer 10.05% of post diluted equity via IPO
-Reliance Communication will continue to own 85% post issue

Jet Airways: Sources
-Fund raising could include a QIP of Rs 800-1000 crore
-Issue price close to Rs 360 for QIP being considered
Alert: Shareholders approve fund raising up to $400 million

Salman Khurshid Says: From NW18
-Given more time for restatement of Satyam accounts
-Crisis in Satyam Computers ‘Over’

Sical Logistics
-Gets LoA to set up iron ore handling facilities at New Mangalore Port
-Board approves acquisition of Goodwill Travels & Cargo

Other stocks that are in news today:
-Sesa Goa’s $500 million FCCB issue opens
-Reliance Infra, Sterlite, Lanco Infratech bid for PFC’s Rs 1800 crore transmission project
-US court denies Wyeth’s appeal to block sale of generic version of Zosyn by Orchid Chemical – BS

-M&M may buy Kirloskar Oil’s 17.39% stake in Swaraj Engines, raising stake from 33.2% – BS
-Great Offshore says not received any offer from Bharati, ABG Shipyard
-Saif III Mauritius reduces stake in Mind Tree by 4.37% to 0.6% via block deal
-Nagarjuna Construction to raise Rs 600 crore via private placement of shares – FE
-Spice Communication gets shareholder approval for merger with Idea
-Videocon looking to spin off its oil & gas exploration Wahoo field block into separate company and then monetize it: DNA ((it’s a 50:50JV with BPCL))
-Fortis receives SEBI nod for raising Rs 997 crore via rights issue – Mint
-Infosys expected to bag a Rs 900 crore contract after merger of UK’s T-mobile and Orange Telcos: DNA Money
-Exclusive: Promotions, marginal pay hikes for employees at Mahindra Satyam
-Mahindra Satyam says GE extends ‘multi-million dollar’ contract for 3 years
-Wipro signs co-development agreement with Oracle
-Exclusive: Warburg Pincus puts WNS stake sale on hold for 4 months
-IBA sources say: Banks, Unions agree to 17.5% hike in Wages
-Board meets: Gammon India on fund raising
-Tantia Constructions bags new order worth Rs 51.4 crore

-Thinksoft IPO extended to October 1, new price band is Rs 115-125 versus Rs 120-130 per share ((was to close yesterday, was subscribed only 0.6 times))

source: moneycontrol

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