Following stocks are likely to be in limelight today, November 18.
State-run IDBI Bank, which has raised USD 225 million foreign currency loan to fuel its business growth, is planning to mop up USD 1.5 billion through bond issue by early next year.
Tata Motors, India`s biggest automotive company by revenue, has so far raised Rs 2.64 billion through the revised fixed deposit scheme which it launched in August this year. The company is authorized to raise Rs 13 billion from the revised scheme.
Larsen and Toubro (L&T), the engineering and construction giant, is selling its petroleum dispensing pump (PDP) business to US company Gilbarco Veeder-Root. Sources said the deal would be valued around Rs 1.5 billion.
Hindalco Industries, a flagship company of the Aditya Birla group today announced that it has decided to issue further securities of the company for the amount not exceeding Rs 29 billion.
State-owned mining company NMDC and Steel Authority of India (SAIL) will jointly develop a limestone project at Arki in Himachal Pradesh with a three-million tonne per annum capacity.
Mahindra Satyam, the new brand identity of Satyam Computer has received legal notices from 37 companies claiming a refund of Rs 12.30 billion (equivalent to around USD 265 million at exchange rate of Rs 46.47 per US dollar), allegedly given as a temporary advance. Shares of the company declined Rs 2.2, or 2.06%, to settle at Rs 104.85**.
Bharti Airtel said that it has launched operations on an undersea cable network that would directly connect Singapore with the United States,
KSK Energy Ventures announced that it has issued and allotted 26,525,714 equity shares of face value Rs 10 each to to qualified institutional buyers (QIB) under qualified institutions placement (QIP). Shares of the company declined Rs 0.55, or 0.27%, to settle at Rs 204.30**.
**Closing share price as on Tuesday, Nov. 17, 2009.