Educomp Sells Eurokids Stake, PVR to Buy Cinemax

Mukesh Buch
08 Jan, 2013
New York City

Educomp agreed to sell its 50% stake in Eurokids International Limited. PVR purchased controlling stake in Cinemax. United Spirits said UK based Diageo plc postponed the purchase of 26% additional stake scheduled on January 7.

[R]6:00 PM Mumbai –Educomp agreed to sell its 50% stake in Eurokids International Limited. PVR purchased controlling stake in Cinemax. United Spirits said UK based Diageo plc postponed the purchase of 26% additional stake scheduled on January 7.[/R]

The Sensex Index gained 51.10 to close at 19,742.52 The CNX Nifty added 13.30 to close at 6,001.70.

Gainers & Losers

Bank of Maharashtra slid 0.1% to Rs 64.10 after the board of directors is scheduled to meet on January 10 to approve public offering to raise as much as Rs 200 crore.

EPC Industrie Limited surged 10% to Rs 152.90 and trading volume jumped to 48,76,000 shares.

Educomp Solutions Limited climbed 3.2% to Rs 149.85 after the educational services provider agreed to sell its 50% stake in Eurokids International Limited.

GMR Infrastructure, Ltd. declined 2.2% to Rs 20.10 after it terminated contract with National Highways Authority of India.

GTL Infrastructure Limited decreased 1.7% to Rs 4 and the company converted foreign currency convertible bond at Rs 10 per equity share.

Indiabulls Financial Services Limited declined 3.4% to Rs 319.10 after the stock surged 23.71% in last seven trading sessions.

India Home Loan Ltd declined 7.8% to Rs 54.70 after the home lender alloted 40,50,000 convertible warrants at Rs 45 per share to promoter and other key investors.

PVR Limited soared 10.4% to Rs 308.10 film exhibitor purchased controlling stake in Cinemax India in block deal.

Petronet LNG Limited gained 0.4% to Rs 166.35 after the gas producer leased out 2.25 million tons per annum capacity at its Dahej terminal in Gujarat to GSPC.

Swelect Energy Systems Limited fell 0.3% to Rs 144.50 and the power supply company agreed to invest in HHV Solar Technologies Private Limited.

United Spirits Limited slipped 1.4% to Rs 1,886 after the UK based Diageo plc''s postponed 26% additional stake purchase that was scheduled to take place on January 7.

Unitech Limited surged 6% to Rs 37.90 and the real estate developer led the gainers in the Bombay Stock Exchange’s ''A'' group.