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Buzzing Stocks
· Ashok Leyland has received an over `125Cr order from VRL Logistics to supply 600 vehicles, out of which 500 units of 3123 multi-axle vehicle and 100 units of 12-metre bus. The deliveries of which will start in a month.
· The Munjal family is set to acquire Honda Motors’ 26% stake in their joint venture Hero Honda Motors for around $1bn or half the current value of the stake in the stock market.
· RCom launched its 3G services in four circles making it the second private operator after Tata Teleservices to start the service this year.
· Aventis Pharma, the Indian arm of Sanofi Aventis, is exiting its joint venture Chiron Behring Vaccines by selling its 49% to the other partner Novartis. Novartis will buy the stake in the rabies vaccine venture for $22.4mn.
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