Stocks in News

by khalid on 02/07/2010 · 0 comments

Bull Eye

Bull's Eye

Fortis Healthcare :- The company made a S$ 3.2 billion general offer to buy the remaining stake in Parkway Holdings at an offer price of S$ 3.80 a share in cash. The Fortis move is aimed at thwarting a bid by Khazanah Nasional Berhad, which offered S$3.78 a share for 313 million shares.
Impact on Bull : Positive

Reliance Comm. :- The company will acquire Digicable, the country’s largest cable TV service provider. The new entity, named ‘Reliance DigiCom’, will integrate Reliance Communication’s DTH, IPTV and retail broadband operations with Digicable. According to media reports, the deal would create an entity valued at an estimated US$1 billion and ADAG would hold about 60% stake in it.
Impact on Bull : Positive

Kesoram Industries :- The company has decided to invest Rs 1,125 crore on cement capacity expansion and additional power generation. The board approved setting up of a clinker plant of 1.71 MTPA capacity together with an 18 MW captive plant in Karnataka and 2.5 MTPA cement grinding plant at Sholapur in Maharashtra.
Impact on Bull : Positive

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