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NEWS UPDATES

Seamec
-Technip to divest majority stake in Seamec
-Technip says to sell anything between 51-75 percent of its stake in Seamec
-HAL Offshore to buy Technip’s majority stake in Seamec at Rs 97 a share (CMP Rs 99.50)

Muthoot Finance
-IPP issue to open & close on April 25
-IPP is Institutional Placement Programme
-Floor price for IPP issue set at Rs 155 -Rs 165
-IPP of 2.53 crore shares via book-building route

GlaxoSmithKline Consumer Healthcare  says
-GSK Plc, Novartis JV to exclude company
-GSK Plc to continue to hold interest in company

Supreme Court
-To resume hearing plea against Reliance Industries (RIL) on KG-D6 today

Wonderla Holiday IPO
-Subsribed 98 percent on 2nd day of the issue
-Receives bids for 1.2 crore shares (offer is 1.23 crore)

Goa government sources say mining in state likely to restart in January 2015
FIPB may meet to consider HDFC Bank ‘s proposal for an increase in FII limits
Edelweiss Financial : Board meets today for buy back of shares
 MCX will place PwC’s audit report before audit committee at today’s meet
Shasun Pharma board to meet today to mull share allotment on preferential basis to promoters
Zenith Infotech : Bombay High Court had extended stay on Zenith Infotech winding up case till today
Cimmco open offer by  Titagarh Wagons at Rs 15.5/share
OnMobile Global voluntary open offer starts on April 25, closes on May 9
IMDB,  JSW Energy lead race to acquire  Lanco Udupi plant (deal size around USD 1.1 billion)
L&T Finance Holdings eyes stake in YES Bank
United Spirits (by Diageo) open offer at Rs 3030/share opens on June 11, closes on June 24
Suzuki will have to infuse double equity in Gujarat Plan after affecting changes to the structure

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