Stocks to watch: Fortis Healthcare, GTL Infra, M&M, Eicher Motors, Bajaj Auto

MUMBAI: The owners of Fortis Healthcare, Malvinder and Shivinder Singh, have redeemed about 3.9 crore shares pledged with financial institutions representing about 10% of the total equity of the company.

GTL Infrastructure may give new shares worth as much as $3 billion, more than triple its market value, to Reliance Communications (RCOM) shareholders in exchange for the company’s mobile-phone towers

Mahindra & Mahindra, the diversified business group, plans to set up a 250-acre special economic zone (SEZ) catering to the aerospace sector near the Bangalore International Airport. According to a state government official, the M&M group has shown interest in setting up the SEZ which is going to be built under a public private partnership (PPP) model.

Eicher Motors joint venture firm, VE Commercial Vehicles has raised vehicle prices marginally from July 2010, to offset rising input costs and inflation.

Bajaj Auto has scrapped its plan for low-cost car venture.