Buzzing Stocks - Keynote Capitals (April-6-'11)

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Buzzing Stocks

·      L&T Metro Rail Hyderabad, the SPV of L&T, announced the financial closure of the `163.8bn Hyderabad metro rail project.

·      Government approval to the $9.6bn Cairn-Vedanta deal, expected on Wednesday, will be subject to Vedanta passing the home ministry’s security scanner.

·      Sesa Goa has got the approval from SEBI to make an open offer to buy an additional 20% stake from shareholders as per Indian takeover regulations.

·      DLF has decided to develop its `10bn Infopark project spread over 54 acres in the Bhubaneshwar in phases.

·      Satyam Computer and PWC agreed to pay a combined US$17.5mn to settle investigations into an accounting fraud.

·      Voltas has increased its stake to 60% in Lalvol, a JV between the voltas and Oman-based Lalbuksh Contracting and Trading Establishment.

·      Jyothy Labs has emerged the sole bidder for acquiring a majority stake in Henkel India from its German parent.