BUZZING STOCK - Keynote Capitals (March 9-11)

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Buzzing Stocks

·      Hero Investments Private Ltd has agreed to buy Honda Motors 26% stake in Hero Honda for around US$851mn.

·      SEBI has sent a show-cause notice to RIL in a matter related to conversion of non-convertible debentures into equity shares by various promoter-entities.

·      TCS will adopt a differential pricing strategy in different regions and for different sectors for its recently launched iON, a cloud-based business solution for the small and medium business.

·      JSW Steel will be raising Rs10bn from an export credit agency and US$280mn ECB to fund its 2.3-million tonne cold-rolling mill to be set up at its flagship Vijayanagar (Bellary) steel factory.

·      Adani Group is exploring the possibility of acquiring coal assets in Russia and South Africa and plans to buy two more capsize cargo vessels to boost its coal imports.

·      M&M has entered into a global strategic collaboration with US networking equipment major Cisco.

·      Jubilant Lifesciences is setting up a manufacturing plant for Symtet with a capacity of 24,000 tonnes p.a. and another one for chlorinated pyridine derivatives at its Bharuch SEZ.