The Aditya Birla group-controlled Idea Cellular is reportedly set to acquire the 40.8% stake held by the Modis in Spice Communications for about Rs 2200 crore. RPG Life Sciences, Surat Textile Mills, Pacific Industries and Ocean Agro will re-list on stock exchanges today. These stocks will have no circuit filters today.
The Aditya Birla group is reportedly set to acquire 51% stake in Apollo Sindhoori Capital Investments, a broking arm promoted by Pratap Reddy, the chairman of the Apollo Hospitals group.
South-Indian based airline Paramount Airways has reportedly joined the race to acquire a stake in low-cost carrier SpiceJet.
The Rs 1800 crore Sanghi group, which includes Sanghi Industries in its fold, is reportedly heading towards an amicable partition between the four Sanghi brothers.
Pantaloon Retail (India) reportedly plans to launch its own line of chocolate products, following its decision to drop Cadbury Plc's products from its stores.
Moser Baer, on Monday (9 June 2008) inked a pact with the Tamil Nadu government for setting up a Rs 2,000 crore plant at Oragadam, to produce nano materials and photovoltaic products.
Autoline Industries, CCL Products, HOV Services, Indus Fila, Rohit Ferro Tech, Shah Alloys, Shree Ashtavinayak Cine Vision and SMS Pharma will be shifted to trade-to-trade (T2T) segment from 13 June 2008.
Andhra Bank turns ex-dividend for a dividend of Rs 2 each, Canara Bank turns ex-dividend for a dividend of Rs 8 each, GL Hotels turns ex-dividend for a dividend of Rs 1.50 each and Megasoft turns ex-dividend for a dividend of Rs 1.20 each.
ABG Shipyard, Asian Hotels, Evinix Accessories, Gujarat Industries Power, Gujarat Fluorochemicals, Nahar Industrial, National Aluminium Company, Sangam India and Zandu Pharma, among others will declare their March 2008 ended quarter results today
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