Buzzing Stocks - Keynote Capitals (February-11-'11)

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Buzzing Stocks

·      Tata Motors has bagged an order to supply around 250 ‘Tata Prima’ trucks to LINFOX Logistics.

·      IOC puts `200bn public issue on hold due to unfavorable market condition & rising global crude prices.

·      CESC will invest `30bn in its 600MW thermal power projects at Haldia in West Bengal.

·      M&M to acquire 38% stake in micro irrigation company- EPC Industries Ltd through preferential issuance of equity shares for `0.4bn.

·      Port of Antwerp signed a MOU with Essar Shipping Ports & Logistics to enter into booming port business in India.

·      Bharat Electronics Ltd is looking at a possibility of collaborating with an overseas company to set up a manufacturing plant to produce seekers for missiles.

·      The Cabinet Committee on Economic Affairs has approved the follow-on public offer of Power Finance Corporation comprising of 15% fresh equity and 5% disinvestment of government holding.

·      Bank of India has raised US$750mn by issuing Reg-S international dual tranche bonds to support overseas operations.