Keynote Capitals (June-20-'11) Buzzing Stocks

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Buzzing Stocks

·      IFLS is arranging $1.2bn for a Malaysian free trade zone project called the Tanjong Agas Supply and Marines Services near KualaLumpur.

·      Tata Motors secured an order for 10 hybrid buses from Spain.

·      The Apollo Hospitals Group will hive off its pharmacy business into a separate entity in the next 18 months.

·      Manappuram General Finance is planning a `7.5bn non-convertible debenture issue in July to meet its business requirements.

·      Tata Steel has decided to divest its entire 26.72% stake in Riversdale Mining for `50.11bn to Rio Tinto.

·      Adani Power hired three banks to help it borrow $500mn in a term loan.

·      Hero Honda Motors, the world’s largest two-wheeler company by volume, on Friday got shareholders approval to change its name to Hero Moto Corp.