STOCKS ALERT (14.09.2012)
rupeedesk
* Bayer Crop Science: Is buying at eight-storey office building in Thane from the Hiranadani Group to house its India headquarters and other offices.
* DECCAN CHRONICLE: Has rejected the sole bid received for buying Deccan Chargers cricket team, saying the bidder's payment terms were unacceptable.
* GRASIM INDUSTRIES: Has inked a pact with Japan's Omikenshi Co to develop new viscose staple fibre, or rayon, products and foray into new markets.
* ESSAR OIL: The Supreme Court has directed the company to pay sales tax dues of about 52 bln rupees to Gujarat government in eight quarterly instalments.
* FUTURE VENTURES: Has acquired the salon business of Star and Sitara Wellness for 100,000 rupees and committed to infuse 179.9 mln rupees.
* GEECEE VENTURES: Plans to launch realty project on 10,000-sq-mtr land at Navi Mumbai.
* GUJARAT MINERAL DEVELOPMENT CORP: Has floated tenders to sell its bauxite calcinations plant in the Kutch district.
* HINDUJA GLOBAL SOLUTIONS: Has entered into a pact with Deloitte Consulting LLP and Deloitte Consulting Extended Business Services LLP to acquire their healthcare revenue cycle outsourcing business in an all-cash deal.
* KSK ENERGY VENTURES: Allocation of coalfields to the company being reviewed for possible cancellation.
* LUPIN: Subsidiary Lupin Pharmaceuticals has received final approval from the US FDA to market generic of Forest Laboratories Inc's Lexapro tablets in 5 mg, 10 mg, and 20 mg strengths.
* MAWANA SUGARS: Will sell 49% stake in arm Siel Industrial for 1.35 bln rupees.
* ORISSA MINERAL DEVELOPMENT CO: The board has rejected the proposal to issue bonus shares.
* PIDILITE INDUSTRIES: Has foreign currency convertible bonds worth $33.1 mln outstanding as on date.
* RANBAXY LABORATORIES: Company's arm, Ranbaxy Malaysia Sdn Bhd, has received approval from the government there to set up a greenfield facility.
* STRIDES ARCOLAB: Company's arm has received US FDA's approval for its facility in Poland that makes injectables.
* TATA MOTORS: Newly-appointed Managing Director Karl Slym, who was supposed to take up the reigns of the company on Oct 1, has taken the post ahead of schedule.
* TITAN INDUSTRIES: Plans to sell 7 mln Sonata brand watches this year.
* VAKRANGEE SOFTWARES: Promoter Vakrangee Holdings' stake in the company has risen to 20.49% on purchase of shares from open market.
* WOCKHARDT: Expects to exit corporate debt restructuring by March.
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