Stocks to watch: Reliance Capital, Fortis Healthcare, M&M, Essar Oil, Reliance Industries, Indraprastha Gas

Reliance Capital Ltd will acquire an 18% interest in Bloomberg UTV, a partnership between global business information company Bloomberg LP and the founders of UTV. Post buy, Bloomberg will own 15% in Bloomberg UTV and the balance 67% will be controlled by the UTV founders.

Singapore’s securities regulator has asked India’s Fortis Healthcare to announce whether it plans to counter Malaysian sovereign fund Khazanah’s bid for hospital chain Parkway Holdings by July 30 in shareholders’ interest.

Mahindra & Mahindra has been sued by its American distributor for the delay in launching the Scorpio. In a lawsuit filed before the Atlanta District Court, Global Vehicles has alleged that M&M missed deadlines to launch the Scorpio twice and has asked the US court to prevent M&M from selling its vehicles through any other dealer or distributor.

Essar Oil has raised $115 million of the proposed $300 million through the issue of bonds to promoter company Essar Energy Holdings.

Reliance Industries plans to build at least one power plant in the country marking the oil company’s entry into commercial electricity generation. The Mumbai-based refiner and energy explorer is considering bidding for a 4,000-megawatt coal-fired plant in eastern India that may cost as much as Rs 16,000 crore ($3.4 billion).

Indraprastha Gas has raised retail prices of Compressed Natural Gas by Rs 5.6 per kilogram from midnight on Wednesday.