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Buzzing Stocks
· Andhra Bank has decided to increase the Benchmark Prime Lending Rate (BMPLR) by 25 basis points from the existing 12.75% per annum to 13.00% per annum with effect from 13 December 2010.
· R Systems International has approved the acquisition of 100% shares of a U.K. Based Software Company engaged in telecom sector.
· Sun Pharma is looking at another buyout. This one is expected to be upwards of $300mn and would be in the US, the largest market for generic companies.
· Reliance Infrastructure (R-Infra) is in the process of consolidating its road projects assets, which involve an investment of `12,000Cr, into a holding company to pave way for a potential IPO or private equity investment in the entity in the future.
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