Here are stocks that are in news today:

SEBI revises takeover norms provisions
SEBI Says
-Board approves 2 changes in IDR norms
-Concept of anchor investors allowed for IDRs as well
-Takeover regulation applicable for ADR/GDR with voting rights
-Alert: This could have ramifications on Bharti-MTN Deal

SEBI Says
-No retrospective effect to amendment on takeover norms
-Premature to comment on dual listing issue
-Got no application on dual listing from any entity

Bharti Says
-Deal structure with MTN to meet laws in both India & SA
-To seek open offer exemption from SEBI if required
-To seek all relevant approvals at the right time

Sources On Bharti-MTN: Exclusive
-Extension of exclusive talks period unlikely
-Alert: Bharti-MTN talks period till September 30
-Deal not being reworked post SEBI takeover code changes
-SA govt team to focus on dual listed companies (DLC) issues

RBI Sources Say:
-Have not received any request on dual listing from Bharti/MTN
-Cannot judge FEMA compliance without dual listing details

Sources say: JP Associates
-To raise $150-200 million via treasury stock sale
-To sell around 3-4 crore treasury shares at approximately Rs 240/share
-Deal to be executed via block deal today: Sources
Alert:
-Company created 20 crore treasury shares via merger of 4 group companies in 2008
-Company raised Rs 500 crore in June via treasury sale of 2.5 crore shares

Exclusive: Cipla
-QIP book opens, plans to raise $110- 175 million
-QIP issue priced at Rs 263.75/share
-Equity dilution of minimum 2.5% on fully diluted capital
-Kotak Mahindra Capital, CLSA, JPMorgan book runners to issue

Suzlon Energy – Exclusive: Sources
-Suzlon to raise approximately $100 million via block deal
-Suzlon promoters to sell 5 crore shares (5% equity) at about Rs 95/share
-Deal to be executed on the stock exchange via block deal
-Promoters to plough back proceeds into Suzlon Energy
-Citi sole banker to Suzlon block deal

Sujana Towers board approves
-Issue of GDRs up to $12 million
-Issue of FCCBs up to $12 million
-Issue of shares / convertible warrants up to Rs 10 crore

SEBI
-Passes order against insider trading in KLG Capital Services
-Debars executives of SKIL Infrastructure from trading
-Debarred entities had info on impending KLG share acquisition
Alert:
-KLG Capital Shares were to be acquired by Awaita Properties
-SKIL Infra is promoter group company of Awaita properties
((SKIL is company promoter of Pipavav Shipyard))

Other stocks that are in news today:
-Pipavav Shipyard fixes IPO price at Rs 58/share ((price band was Rs 55-60/share))
-Rallis India board approves issue of 9.8 lakh shares to Tata Chemicals on preferential basis
((will increase promoter holding by less than 5% this fiscal, no open offer needed))
-Axis Bank prices GDR & QIP issue at Rs 906.7/share
-Gammon India board meet on September 25 on fund raising
-Globus Spirits to list today, issue price at Rs 100/share
-Unitech launches Worli project at 36% discount – DNA
-Bhushan Steel plans to raise Rs 2,000 crore via QIP issue
-NBC may up stake in NDTV Networks, holding company for the group’s entertainment and life style business – Mint
-Tata Motors launches Land Rover Freelander 2 priced at Rs 33.8-45 lakh
-Sesa Goa promoters increase stake in company to 57.1% from 55%
-Ratnamani Metals bags Rs 152 crore order from GAIL for gas transmission and distribution
-GreenPly Industries rights issue opens today, offer of 3 shares for every 10 @ Rs 90/share
-2.14 crore Opto Circuits QIP shares to hit market
-4.33 crore Ramco Industries bonus shares to hit market
-NSE F&O: Kingfisher out of curb

source: moneycontrol

Tags: axis bank, Bhushan Steel, Rallis India, sesa goa

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