Ashoka in $150 M Deal, PNB Wins Metlife India Stake Approval

Mukesh Buch
07 Jan, 2013
New York City

Havells India revised trademark license agreement with its promoter. Indraprastha Gas raised cooking gas price in Delhi area. Marico split its Kaya unit as Marico Kaya Enterprises Ltd. Mahanagar Telephone Nigam delisted from New York Stock Exchange.

[R]6:00 PM Mumbai – Havells India revised trademark license agreement with its promoter. Indraprastha Gas raised cooking gas price in Delhi area. Marico split its Kaya unit as Marico Kaya Enterprises Ltd. Mahanagar Telephone Nigam delisted from New York Stock Exchange.[/R]

The Sensex Index increased 19.30 to close at 19,784.08 The CNX Nifty gained 6.65 to close at 6,016.15. For the week, the Sensex climbed 1.7%.

Gainers & Losers

Ashoka Buildcon Limited jumped 2% to Rs 217.20 after its subsidiary received first tranche of investment of $150 million from Macquarie SBI Investment Fund and SBI Macquarie Investment Trust.

Gujarat State Fertilizers & Chemicals Limited climbed 2.8% to Rs 72.90 and trading volume climbed to 54,47,000 shares.

Havells India Limited increased 1.5% to Rs 646.50 and the power distribution equipment maker revised trademark license agreement from its promoter companies QRG Enterprises.

Indraprastha Gas Limited jumped 1.5% to Rs 256.50 after the gas distributor raised cooking gas price in Delhi and surroundings areas from January 4.

Marico Limited increased 1.4% to Rs 227.45 after the consumer products maker split its Kaya unit as Marico Kaya Enterprises Ltd.

Mahanagar Telephone Nigam Limited slid 0.5% to Rs 27.85 after telecommunication provider de-listed from New York Stock Exchange from December 31 and listed on Over-the-Counter QX International Market.

Punjab National Bank slipped 0.5% to Rs 904 after received regulatory approvals to acquire 30% stake in Metlife India Insurance.

Petronet LNG Limited jumped 2.2% to Rs 166.50 after the gas producer leased out 2.25 million tons per annum capacity at its Dahej terminal in Gujarat to GSPC.

Suzlon Energy Limited increased 1.9% to Rs 18.75 after its U.K based subsidiary won two new contracts to supply wind turbines.

TTK Prestige Limited jumped 1.7% to Rs 3,502 after the kitchen appliances maker received Japan Patent.

Veer Energy & Infrastructure Ltd. advanced 2.9% to Rs 17.95 after it received offer from Crown Impex (HK) Co. Ltd to acquire 24% stake at Rs. 25 a share.