Stocks to watch: Axis Bank, Tata Steel, TPC, Shree Renuka Sugars, DLF,Godrej Consumers,IOL Chemicals

Axis Bank has received bids from six suitors for its private equity arm, a sign that negotiations for a management buyout of the business have failed. IL&FS Investment Managers, Aditya Birla Private Equity, Shapoorji Pallonji group and US-based Darby Private Equity are among those that have shown interest in buying Axis Private Equity,

After Posco and ArcelorMittal, it’s now Tata Steel that is keen on forming a JV with Steel Authority of India to set up a steel plant. This is in addition to SAIL’s plans to set up a JV with Korean steel major Posco.

TPC has said it would honour the state’s request to supply 200mw to Reliance Infra at the regulated price of RS 4.40 per unit till June 30, 2010.

Shree Renuka Sugars (SRS) is renegotiating the price of its proposed Rs 1,530-crore acquisition of Brazilian sugar and ethanol maker Equipav amidst differences over the amount of debt on the company’s book.

The country’s top real estate company DLF confirmed on Monday that it had decided to sell its stake in ultra-luxury hotel group Aman Resorts as part of its planned exit from the hospitality business, but a sale will exclude Aman’s New Delhi property.

Godrej Consumer Products Monday announced the acquisition of Indonesia-based PT. Megasari Makmur Group and its distribution company in Indonesia. Megasari Group manufactures and distributes a range of household products, including household insecticides, wet tissues and air fresheners.

IOL Chemicals has announced its definitive plans to set up a new manufacturing plant to produce about 150 TPA of Proton Pump Inhibitors. The company expects a turnover of Rs 60 crore from this initiative. The company also plans to raise $5 million by issuing zero coupon FCCBs.