Keynote Capitals (June-10-'11) Buzzing Stocks ·

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Buzzing Stocks

·      Credit rating agency, Icra, reduced Reliance Communications' long-term rating to LAA from LAA plus for its Rs 28,116Cr long-term debt and its Rs5,000Cr NCD programme.

·      Reliance Communications to launch undersea cable system, can expect to spend Rs650Cr.

·      Sezal Glass has sold its float glass business along with its Gujarat-based manufacturing unit to Saint-Gobain Glass India for a consideration of Rs686Cr.

·      Gujarat NRE Coke board approves raising $60mn via FCCBs.

·      CESC picks up 4.8% in Resource Generations, an Australian Listed Mining Entity for $10mn.

·      JSPL’s Chhattisgarh unit comes under Ministry of environment & forests scanner.

·      Unity Infra plans to raise Rs150Cr by selling some part of its stake in one of its projects.

·      GAIL may spend $2bn on acquisitions including shale gas assets in US, Aus to meet fuel demand in India.