[9:13AM, 24/11/2014] M.S.CONSULTANTS📊: The winter session of parliament begins on November 24 with nearly 67 bills to be placed before it. The important market-linked bills are:
* GST Bill
* Coal policy
* National Land Acquisition and Rehabilitation and Resettlement Bill
* FDI in Insurance
* Labour reforms through amendment of Factories Act and Apprentices Act
It needs to be seen whether this session would be as productive as the Budget 2014 session or disrupted by the opposition parties.
The Reserve Bank of India will release the current account deficit data for the second quarter, expected to be around 1.5 percent of GDP due to lower crude prices. GDP data for the second quarter will also be announced on November 28, which is estimated to be closer to 5 percent against 5.7 percent for the first quarter.
(Reuters)
[8:02PM, 24/11/2014] M.S.CONSULTANTS📊: BIG POSTIVE FOR BHARTI AIRTEL.
CNBC JUST IN- AMERICAN TOWER CORP,AIRTEL IN AGMNT FOR 4800 TOWER SALE IN NIGERIA DEAL TO BE CLOSED BY H1 OF 2015 DEAL VALUE 550$
Bharti sells part of Africa tower portfolio
Bharti Airtel (Bharti) has announced sale of its over 4,800 towers in Nigeria to American Tower Corporation (ATC). Bharti will be the anchor tenant in the on the portfolio under a lease with a ten-year initial term. The transaction is expected to close during the first half of 2015, subject to customary closing conditions and regulatory approval. The valuations of the deal are not disclosed. This is the third deal of sale of African tower for Bharti and with this deal, it has sold ~11,400 towers of ~18,000 towers in Africa. The deal is expected to help Bharti lower the debt.
[10:28PM, 24/11/2014] M.S.CONSULTANTS📊: Ceat QIP: Issuer : CEAT Limited
Ticker : Bloomberg: CEAT IN (NSE: CEATLTD; BSE: 500878)
ISIN : INE482A01020
Exchange venue : Bombay Stock Exchange, National Stock Exchange of India
Market Cap : US$ 535.1mn / INR 33,057.7mn as of November 24, 2014
Distribution : Sales Only to Reg S / Rule 144A under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”)) pursuant to Section 4(a)(2) of the U.S. Securities Act - Qualified Institutional Buyers Only in the U.S.
JM Role : Book Running Lead Manager
Total Issue Size : Base size US$ 56.7mn / INR 3,500.0mn, upsizeable till US$ 64.7mn / INR 4,000.0mn (9.7%-11.1% of post-issue capital) (100% Primary)
Price Band : INR 890.00/share-INR 905.00/share (1.6%-3.2% discount to last closing price of INR 919.40 as of Nov 24,2014)
SEBI Floor Price : INR 930.53 per share (price band at 2.7%-4.4% discount to SEBI floor price)
Exchange Rate : USD 1 = INR 61.7798
Use of Proceeds : The Company intends to use the net proceeds for various expansion projects and for augmentation of long term working capital required for business growth
Lock-Up : 90 days lock-up
[8:22AM, 25/11/2014] M.S.CONSULTANTS📊: Mcloud rusell won service tax case at lower court and moody upgrae ioc rating
[8:23AM, 25/11/2014] M.S.CONSULTANTS📊: Cipla: Gets USFDA OK For Male Pattern Baldness Drug Finasteride
[8:23AM, 25/11/2014] M.S.CONSULTANTS📊: # ET NOW
USFDA : Aurobindo issues voluntary recall of Gabapentin capsule
USFDA : Aurobindo recall on Northstar label Gabapentin USP 300 mg
# Sebi directs foreign investors to comply with P-Note norms
http://goo.gl/Vs0Uz0
