Eros and Zee TV in Content Partnership, Just Dial to Raise Capital

Mukesh Buch
20 Aug, 2014
New York City

Ashok Leyland sold residential properties in Chennai and raised Rs 210 crore. Cadila Healthcare received the final approval from the U.S. drug regulator for anti-viral drug. Eros acquired worldwide rights of Zee TV premier content. Moser Baer net loss widened.

[R]6:00 PM Mumbai – Ashok Leyland sold residential properties in Chennai and raised Rs 210 crore. Cadila Healthcare received the final approval from the U.S. drug regulator for anti-viral drug. Eros acquired worldwide rights of Zee TV premier content. Moser Baer net loss widened.[/R]

The Sensex Index slipped 106.38 or 0.4% to close at 26,314.29 The CNX Nifty fell 22.20 to 7,875.30.

Gainers & Losers

Ashok Leyland Ltd slipped 1.8% to Rs 37.10 after the company sold one of its residential properties in Chennai and raised Rs 210 crore.

Cadila Healthcare Ltd increased 1.2% to Rs 1,206 after the company received the final approval from the U.S. drug regulator for anti-viral drug Acyclovir tablets.

Eros International Media Limited surged 8.7% to Rs 247.05 after the company acquired worldwide rights of Zee TV premier content.

Just Dial Ltd jumped 2.3% to Rs 1,775.50 after the company''s board approved foreign institutional investor shareholder limit to 75% from 49%.

The board also approved acquisition of Just Dial Inc. from Just Dial Global Private Limited.

Karur Vysya Bank Limited gained 0.7% to Rs 473 and the bank plans to raise up to Rs 1,000 crore or $165 million from institutional investors.

Moser Baer India Limited climbed 4.9% to Rs 8.38 after net loss in the first-quarter doubled to Rs 189.20 crore from Rs 98.50 crore and revenue declined 21.9% to Rs 270.67 crore.