STOCKS IN NEWS
Budget session of
Parliament start today
Shriram Transport
Finance block deal
-Book launched late last night
-TPG to sell stake via block deal today
-TPG to sell stake via Newbridge India Investments
-Base size USD 300 million, option to upsize
-Price band Rs 715-755/share
-TPG to have 45 days lock in post today’s block deal
Alert: TPG holds 20 percent stake in Shriram Transport
Finance
Alert: TPG's arm New Bridge India Investments holds 20.28
percent stake in Shriram Transport
Cabinet meet today
-To consider payment to 6 loss making PSUs including HMT
-May also discuss the proposal for merger of Bharat Heavy
Plate & Vessel with BHEL (board has approved the same)
January telecom data
-India adds 4.03 lakh users as against 6.62 million loss
(MoM)
- Bharti Airtel
adds 2.29 million users versus 1.70 million loss (MoM)
- Idea Cellular
adds 2.45 million users as against 1.97 lakh loss (MoM)
Insurance Regulatory
and Development Authority (IRDA) imposes fine of Rs 50 lakh on SKS Microfinance
IRDA says
-SKS Microfinance collected over 100 percent higher premium
from clients
-SKS Microfinance to remit penalty within 15 days
Jaiprakash Power
Ventures raises Rs 950 crore via QIP
Maruti’s Manesar
& Gurgaon plants to be shut today, declares holiday: Sources
ONGC in talks to
buy Videocon’s 10 percent stake in
Mozambique gas field
UP govt says no chance of Reliance Power’s Dadri project starting soon
Jubilant Life
Sciences to transfer 23.13 percent stake to subsidiaries via inter-se
Hindustan Zinc,
BALCO stake sale: Mines Ministry seeks Law Ministry's opinion on selling
government stakeVyapar
Industries open
offer at Rs 27.37/share
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