Yesterday Natco Pharma has raised Rs 67.5 crore via QIP. They issued 3 million shares at Rs 225 per share, reports CNBC-TV18.
Sun Pharma promoter Dilip Shanghvi has bought 3.7% stake in Natco Pharma. He acquired 10.45 lakh shares in 2 block deals this week. In an exclsuive interview to CNBC-TV18 the company said, "Dilip Shanghvi's stake buy in Natco is at a personal level. The stake buy is not a matter of concern. There is no dialogue with Dilip Sanghvi yet." The QIP issue was oversubscribed. The issue pricing was as per SEBI determined formula. The QIP funds will be used for capex." On Thu, Dec 8, 2011 at 11:24 AM, kuku manmohan <[email protected]>wrote: > Lok Sabha adjourned till noon:opposition demands resignation of HM. > ..lungi, > > > On Thu, Dec 8, 2011 at 11:07 AM, RAJESH DESAI <[email protected]>wrote: > >> *Coal India down over 3% * >> >> Coal India is down almost 3% at Rs.315.40, close to its intra day low at >> Rs.314.55. >> >> The stock is down after the company announced on its own accord that it >> is willing to lend Rs.15,000 crore to the Govt, provided it is paid an >> interest to tide over the current divestment crisis. The company stated >> that it would be having cash reserves of about Rs60,000 crore by March >> 2012 and was willing to spare Rs15,000 crore for the government. This has >> not gone down too well with the market as naturally, it means parting with >> its own reserves and one does not know whether the Govt will be willing to >> pay interest though it now knows that Coal India surely has Rs.15,000 crore >> to spare. >> >> On Thu, Dec 8, 2011 at 11:06 AM, RAJESH DESAI <[email protected]>wrote: >> >>> *Moser Baer up over 4% * >>> >>> Moser Baer which had hit a new 52-week low at Rs.18.15 is today at >>> Rs.19, up 4.38%. Volumes are almost at 3.5 lakh shares traded as against >>> around 1.77 lakh shares traded over past two weeks. Market cap stands at >>> Rs.320 crore. >>> >>> The stock is up on news that its renewable energy vertical, Moser >>> Baer Clean Energy is investing $1 billion (Rs 5,100 crore)for setting up >>> solar projects with accumulative capacity of 300 megawatt in the country >>> and abroad in the next nine months. Half of the total projects would be set >>> up in Gujarat, Orissa, West Bengal and Rajasthan in India, while the other >>> half in countries like Germany, Italy and the UK. >>> >>> On Thu, Dec 8, 2011 at 10:16 AM, RAJESH DESAI <[email protected]>wrote: >>> >>>> The Sensex is likely to rule between 13,200 and 14,400 points and the >>>> rupee may touch Rs 54-55 by June next, Credit Suisse India has said in a >>>> report. "We remain bearish on the overall market, with downside risks to >>>> both multiples as well as earnings. The Sensex is likely to fall in the >>>> range between 13,200 and 14,400 points and the rupee may touch Rs 54-55 by >>>> June 2012," Credit Suisse India equity strategy head Neelkanth Mishra told >>>> reporters. >>>> >>>> The market is not trading at its face value and possibility of >>>> downtrend is most likely, he said while releasing the Credit Suisse India >>>> 2012 Outlook report here. The trend is already clear, he said and pointed >>>> out that "Q2 was the first quarter in two years to see a YoY decline in >>>> profits for companies in the Nifty. >>>> >>>> More worrying is that this happened despite a 20% annual sales growth, >>>> thus indicating continuing margin depletion, which is already at a >>>> three-year low. "We fear that a potential slowdown could impact sales and >>>> could put further pressure on operating profit growth due to negative >>>> operating leverage," the report said. >>>> >>>> The rupee has been one of the weakest currencies globally in 2011 and >>>> the weakest in Asia, falling 17% since August alone. Credit Suisse believes >>>> the rupee would continue to be weaker. Mishra pointed out that the rupee is >>>> likely to continue to weaken over the next three-to-six months, putting >>>> more pressure on inflation, delaying rate cuts and hurting foreign- >>>> investor returns. >>>> >>>> "We expect the rupee to touch Rs 54-55 by June next, but it is unlikely >>>> to touch Rs 60," Mishra said, adding only debt flows can potentially >>>> support the rupee. >>>> >>>> >>>> On Thu, Dec 8, 2011 at 10:03 AM, kuku manmohan >>>> <[email protected]>wrote: >>>> >>>>> Gujarat Fluorochemicals rose after the company entered into a joint >>>>> venture agreement with Gujarat Mineral Development Corporation and >>>>> Navin Fluorine International to undertake a Fluorspar Beneficiation >>>>> Project. >>>>> >>>>> >>>>> On Thu, Dec 8, 2011 at 10:01 AM, RAJESH DESAI <[email protected]>wrote: >>>>> >>>>>> *UTV Software spurts as Govt clears buyout by Walt Disney* >>>>>> >>>>>> >>>>>> A release published after market hours on Wednesday, 7 December 2011 >>>>>> showed the Cabinet Committee on Economic Affairs (CCEA) has approved the >>>>>> proposal of Walt Disney Company (Southeast Asia) Pte, Singapore for >>>>>> increasing its stake in UTV Software Communications pursuant to the >>>>>> Foreign >>>>>> Investment Promotion Board recommendation in its meeting held on 15 >>>>>> November 2011. This approval is expected to result in foreign direct >>>>>> investment inflows amounting to Rs 8250 crore, the CCEA release >>>>>> said. >>>>>> >>>>>> Foreign promoter Walt Disney Company plans acquire 100% stake in UTV >>>>>> Software Communications and delist the latter's shares from the >>>>>> Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). >>>>>> Walt Disney Company held 50.28% stake in UTV Software Communications >>>>>> while >>>>>> 19.75% is held by other promoters--Rohinton Screwvala, Unilazer Exports >>>>>> and >>>>>> Management Consultants, Unilazer (Hong Kong) and Zarine Mehta. The total >>>>>> promoter holding in UTV Software Communications is 70.04% as at end >>>>>> September 2011. The delisting proposal has been approved by UTV Software >>>>>> Communications' board of directors at a board meeting held on 25 July >>>>>> 2011. >>>>>> >>>>>> UTV Software said the acquisition of shares from the public >>>>>> shareholders may be made at a price not exceeding Rs 1,000 per share and >>>>>> the delisting will be carried out in accordance with Sebi delisting >>>>>> norms. >>>>>> >>>>>> >>>>>> -- >>>>>> CA. Rajesh Desai >>>>>> >>>>>> >>>>> >>>>> >>>>> -- >>>>> Manmohan Tandan >>>>> >>>>> >>>> >>>> >>>> -- >>>> CA. Rajesh Desai >>>> >>>> >>> >>> >>> -- >>> CA. Rajesh Desai >>> >>> >> >> >> -- >> CA. Rajesh Desai >> >> > > > -- > Manmohan Tandan > > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. 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