Stocks to watch: TTML, Dalmia Cement, Punj Lloyd, BEML, MSK Projects
After a slew of bad news, which has made Tata Teleservices (Maharashtra) one of the worst-performing telecom stocks, company’s beleaguered shareholders finally have something to cheer about.
By ET Bureau |
MUMBAI: After a slew of bad news, which has made Tata Teleservices (Maharashtra) (TTML) one of the worst-performing telecom stocks, the company’s beleaguered shareholders finally have something to cheer about. TTML is selling 100% stake in its passive infrastructure subsidiary 21st Century Infra Infra Tele to Tata-Quippo for an enterprise value of Rs 1,318 crore.
Dalmia Cement Bharat has approved demerger of its cement and power business into a separate company Dalmia Bharat Enterprises (DBEL). The new entity will get listed on the stock exchange by the end of this year.
Punj Lloyd has secured a letter of award for Engineering, Procurement and Construction of NGI (Mixed Case) Project in UAE from Abu Dhabi Gas Industries for a value of $ 40 million.
Steel pipemaker Welspun Gujarat Stahl Rohren said on Friday its unit will make an open offer to acquire a 75 per cent stake in construction firm MSK Projects, marking its foray into infrastructure. Welspun Infratech will acquire the stake through a combination of share purchases from founders, associates, investors, preferential allotment and open offer.
Apollo Hospitals plans to open 11 hospitals which would add around 2,000 beds to the existing 8,800 beds, say reports.
BEML has bagged Rs 632 crores order for supply of 788 BEML Tatra Vehicles to Indian Army.
Wintac Ltd has decided to issue further 22,75,000 equity shares on rights basis to the existing shareholders, subject to necessary approvals, in the ratio of one share for every two shares held at a price of Rs 30 per share aggregating to Rs. 682.50 lakhs.
Dalmia Cement Bharat has approved demerger of its cement and power business into a separate company Dalmia Bharat Enterprises (DBEL). The new entity will get listed on the stock exchange by the end of this year.
Punj Lloyd has secured a letter of award for Engineering, Procurement and Construction of NGI (Mixed Case) Project in UAE from Abu Dhabi Gas Industries for a value of $ 40 million.
Steel pipemaker Welspun Gujarat Stahl Rohren said on Friday its unit will make an open offer to acquire a 75 per cent stake in construction firm MSK Projects, marking its foray into infrastructure. Welspun Infratech will acquire the stake through a combination of share purchases from founders, associates, investors, preferential allotment and open offer.
Apollo Hospitals plans to open 11 hospitals which would add around 2,000 beds to the existing 8,800 beds, say reports.
BEML has bagged Rs 632 crores order for supply of 788 BEML Tatra Vehicles to Indian Army.
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Wintac Ltd has decided to issue further 22,75,000 equity shares on rights basis to the existing shareholders, subject to necessary approvals, in the ratio of one share for every two shares held at a price of Rs 30 per share aggregating to Rs. 682.50 lakhs.
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