Buzzing Stocks - Keynote Capitals (March-30-'11)

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Buzzing Stocks

·      International Paper to acquire 53.5% stake in AP Paper Mills for $257mn and additional 21.5% through open offer for $104mn.

·      Lanco Infra has raised debt of `5500Cr from PFC to finance its 1320 mw power generation unit in Chhattisgarh.

·      PE firm L Capital likely to pick up a minority stake in Gitanjali Gems for around $100-125mn.

·      BPCL may not diversify into petro-chemicals & power as the company is unable to raise the required funds.

·      Mcnally Bharat bags an order of `115Cr from Neyveli Lignite for construction related work.

·      Piramal Healthcare eyeing acquisitions in contract manufacturing of medicines in USA & Europe.

·      GAIL to borrow `2240Cr from overseas market in the year starting April 1 to take benefits of the lower interest rates in financing projects.

·      Ministry to give a go ahead to RIL to offload its 30% stake to BP creating a largest FDI of `32,184Cr.