Monday 21 September 2015

STOCK UPDATES

ADLABS ENTERTAINMENT: Is looking to set up theme parks in Delhi and
Hyderabad. (ET)

* ARSS INFRASTRUCTURE PROJECTS: Has got a 1.48-bln-rupee order from the
Odisha government for the expansion and widening of some sections of National
Highway-326 and State Highway-4 into two lanes. (Cogencis)

* ASIAN PAINTS: Plans to set up a paints manufacturing unit in Mysore in
Karnataka with an investment of about 23 bln rupees. (Cogencis)

* AUROBINDO PHARMA: Has got approval from the US Food and Drug Administration
for gemfibrozil tablets, a generic version of Pfizer's cholesterol lowering
drug Lopid. (Cogencis)

* BAJAJ HINDUSTAN: The company's Lalitpur Power Generation Co has commissioned
first out of the three 660 MW capacity units of its thermal power plant in
Mirchwara, Uttar Pradesh. (FE)

* BANK OF MAHARASHTRA: Is keen to expand its business in northern India,
Executive Director R.K. Gupta said. (BL, Sat)

* DELTA CORP: Route One Fund has sold 3.28% stake in the company through an
open market transaction. (PTI)

* HOTEL LEELAVENTURE: Has signed an agreement to sell its Goa hotel to
Malaysia's MetTube for 7.25 bln rupees. (BL)

* IDFC: The Reserve Bank of India has approved the company to make additional
provisioning of up to 25 bln rupees in Jul-Sep against stressed assets. The
company said the additional provision will result in a one-time loss in
Jul-Sep. (Cogencis)

* MAHINDRA HOLIDAYS & RESORTS INDIA: Is planning to cut down the debt of
recently acquired Finland-based company, Holiday Club Resorts Oy through asset
divestment. (ET)

* MARUTI SUZUKI INDIA: Is expecting that its parent, Suzuki Motor Corp will
soon get much-delayed clearance from the Gujarat government for its upcoming
plant. (PTI)
    Has approached the Inland Waterways Authority of India to explore
opportunity to access eastern markets through Varanasi-Haldia route. (BL)

* MMTC: Bharti Enterprises' Vice-Chairman Akhil Gupta is in talks to buy 5%
stake in Indian Commodity Exchange from the company. (ET, Sat)

* NAGARJUNA OIL REFINERY: Lenders are seeking compensation from the company's
prospective investor, Netoil Singapore under the debt recast plan. (BL)

* NATIONAL BUILDING CONSTRUCTION CORP: Has got a 1.97-bln-rupee order from
the Ministry of Textiles to construct a trade facilitation centre and crafts
museum at Varanasi in Uttar Pradesh. (Cogencis)

* POWER MECH PROJECTS: Has got a 1.67-bln-rupee contract from Jaypee Group's
Prayagraj Power Generation Co to operate and maintain services of a thermal
power plant at Bara in Uttar Pradesh. (Cogencis)

* RURAL ELECTRIFICATION CORP: Is planning to raise funds through issuance of
bonds maturing in five years, and has invited bids from merchant bankers on
Sep 21. (Cogencis)

* SUN PHARMACEUTICAL INDUSTRIES: Has sold two central nervous system
divisions, which were a part of erstwhile Ranbaxy Laboratories, to STRIDES
ARCOLAB for 1.65 bln rupees. (Cogencis)

* VIJAYA BANK: Has reduced interest rates on some bulk deposits by
25 basis points effective Sep 19. (Cogencis)

* TATA STEEL: Has sold 37.88 mln shares of TATA MOTORS to the holding company
Tata Sons at 330 rupees a piece, raising 12.5 bln rupees. (Cogencis)
    Has raised more than 41 bln rupees through sale of non-core assets so far.
(PTI)

* TD POWER SYSTEMS: Has received an order from a European company to supply
multiple 10 MW generators for a power plant in Germany. (Cogencis)

* TORRENT POWER: The government has allocated natural gas to three stranded
power plants of the company for six months starting Oct 1 following the
recent auctions. (Cogencis)

* YES BANK: Has reduced interest rates on some term deposits by 25 basis
points effective Sep 18. (Cogencis)

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