Friday, 18 September 2009

Stocks in news: ICICI Bank, Raymond, Axis Bank, HCL Tech

Here are stocks that are in news today:

Axis Bank update:
-Axis Bank raises $720 million via QIP (qualified institutional placement) cum GDR (global depositary receipt) Issue
-Axis Bank prices QIP cum GDR Issue at Rs 906.70/share
-Equity dilution of 11%
-CNBC-TV18 was first to report fund raising

Pipavav Shipyard IPO closes today
-Overall subscribed 3.6 times
-QIB 4 times, HNIs 9.4 times, Retail 1.1 times

RIL - Sources: From NW18
-Govt ups D6 gas allocation for Dabhol plant to 5.67 mmscmd
-Alert: Dabhol plant was earlier allocated 2.7 mmscmd gas
-Govt asks RIL to supply 5.67 mmscmd gas to Dabhol from October 1

ICICI Bank - Exclusive
-ICICI Bank finalises sale of Point Of Sale (PoS) terminals
-ICICI Bank to sell PoS assets to First Data for $80 million
-Assets to be hived off into a JV with first Data
-First Data to hold 81% stake; ICICI Bank to hold 19%
-ICICI Bank to pay $15-16 million for 19% stake in PoS JV

Exclusive: HCL Tech
-Signs 2 IT Infra management contracts
-Signs 5 years deal with Energy Future Holdings, Oncor
-Combined deal valued at $110 million over 5 years
-HCL Tech to book it over 6 to 8 months

WNS Says
-Board completes consideration of EoIs
-Board has decided to not to pursue further discussion
((Wipro was among the bidders))

Raymond's Realty Foray: Gautam Singhania Says
-Realty business to primarily have residential focus
-Funding for realty projects from internal accruals
-Expect approvals to come in 3-6 months

Source: Moneycontrol

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