Thursday, 17 September 2009

Stocks in news: RIL, RPL, Infy, Bharati Ship, Great Off

Here are stocks that are in news today:

Reliance Industries - Exclusive: Sources
-Reliance (RIL) to sell part of treasury stock
-RIL to sell 1 crore treasury shares held by Reliance Petroleum trust
-RIL keeps option open to double treasury stake sale
-RIL to raise $437 million, option to double size
-Reliance Petroleum trust holds 6.65% stake in RIL
-RIL says have not sold any shares

Exclusive: Great Offshore Saga
-Bharati Shipyard buys 11.2 lakh shares (3% equity)
-Bharati Shipyard buys stake at Rs 560/share ((CMP Rs 565))
-Bharati will need to up open offer to minimum Rs 560/share
-Videocon among sellers in Great Offshore
-Bharti increases stake in Great Offshore to 22.5%

Pipavav IPO Update
-Overall subscribed 2.67 times
-QIB subscribed 2.82 times, HNI 7.54 times, Retail 0.88 times

Exclusive: Bharti-MTN update:
-Bharti's Akhil Gupta to meet South Africa authorities, stakeholders: sources
-Final deal structure will protect South Africa govt's economic interest: MTN Sources

Hewlett-Packard BPO Units - Exclusive: Sources
-Infosys, Cognizant likely suitors for Hewlett-Packard BPO units
-3 Hewlett-Packard BPO units up for grabs; estimated value $150 million
-Alert: Hewlett-Packard has 4 BPO units in India

Source: Moneycontrol

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.