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Stocks in news: Sterlite, Satyam, Bharti, Pantaloon

This article was posted on Apr 15, 2009 and is filed under Press Releases

Here are stocks that are in news today:

Results today: Infosys, Blue Dart, Rallis India, Supreme Industries

-Grupo Mexico makes counter bid for Asarco, offers $1.3 billion in cash
-Alert: Sterlite had offered $1.7 billion of which $1.1 billion was cash

-Satyam files application to delist ADS from Euronext Amsterdam
-Alert: Satyam board to approach CLB today

Wockhardt – Mint Exclusive: Sources Say
-Wockhardt looking to sell FCCBs worth $110 million to new investors
-FCCBs redeemable in October, Wockhardt may be unable to pay up

Pantaloon Retail Board Approves
-Issue of 1.1 crore shares at Rs 183/share aggregating Rs 201.3 crore to promoters
-Issue of 41 lakh shares at Rs 183/share aggregating Rs 75 crore to Dharmyug Investments
-Issue of 50 lakh warrants at Rs 183/share aggregating Rs 91.5 crore to promoters
-Sale / transfer of retail and fashion divisions to wholly owned subsidiaries
-Cancellation of 1.26 crore warrants on non-conversion

-Idea adds 15 lakh GSM users in March
-Bharti adds 28 lakh GSM users in March Vs 27.3 lakh in Feb
-MTNL adds 92,097 GSM users in March Vs 80,772 in Feb

Tata Motors
Exclusive: Nano production has resumed after a temporary halt: Sources
Tata Motors buys back bonds worth $17 million at nearly 50% discount

CMC 2009 consolidated (YoY)
-Net sales at Rs 939.8 crore versus Rs 1,064.7 crore
-Net profit at Rs 116.2 crore versus Rs 92.3 crore
CMC Q4 Consolidated
-Net Sales: Rs 240.1 crore versus Rs 261 crore
-Operating Profit: Rs 41.9 crore versus Rs 29.7 crore
-Net Profit: Rs 38.4 crore versus Rs 24 crore
-Raw Material Cost down from Rs 94.6 crore to Rs 53.9 crore

Other stocks and sectors in the news:
IFCI Venture Fund, IDFC and UTI to pick 16% each in Sabarmati Gas ((Co jointly promoted by HPCL and GSPL))
Bhushan Steel, Sumitomo plans $3.5 billion steel plant, eyes 6 million tonnes hot-rolled steel capacity – DNA
Wadias buy Danone’s 25.48% stake in Britannia; end dispute over Tiger brand
Reliance Communications buys back FCCBs worth $5 m a discount
GHCL buys back FCCBs worth $11 million a discount
Bank of Baroda cuts deposit rates by 50 bps across all tenures
HEG board meet on April 30 to consider buy back of FCCBs
Electrotherm India board defers plan to demerge engineering biz into wholly owned subsidiary

source: Money control

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