FREE STOCKS ALERT: 12.10.2012

[rupeedesk]

* AMURTANJAN HEALTH CARE: Shareholders have approved a five-for-one stock split.

* APOLLO TYRES: Is in the process of acquiring New York Stock Exchange listed tyre maker Cooper Tire & Rubber Co for $600 mln-$800 mln.

* ATLANTA : Promoter invokes 554,874 Atlanta shares pledged with IFCI Factors.

* ATUL: Has shut down its Valsad unit after the Gujarat Pollution Control Board sent a notice directing the company to take remedial measures.

* BHARAT PETROLEUM: Will complete expansion projects costing more than $3 bln at two refineries by 2015.

* COAL INDIA: Has decided to pay 26% Diwali bonus to its nearly 360,000 workers.

* DLF: Allahabad High Court has asked the central government to respond within three weeks on a petition seeking probe into allegations made by Arvind Kejriwal against Robert Vadra and the company. The company paid nearly two-times the market value for a plot of land it bought from Robert Vadra's company Skylight Hospitality in 2008-09, real estate analysts and property brokers have said.

- The company has denied this charge. CORPORATION BANK says did not give Vadra company, Skylight Hospitality, an overdraft of 79.4 mln rupees, which is stated in the latter's balance sheet. Skylight used the money to buy a Manesar property, which it later sold to DLF.

* FRESENIUS KABI ONCOLOGYL: Promoter Fresenius Kabi Singapore has set the floor price for the sale of up to 14.24 mln shares at 80 rupees per share.

* GAIL ( INDIA ): Will pay PETRONET LNG around 9 bln rupees as an interest free advance to be invested in capacity expansion at the latter's Dahej terminal in Gujarat to 15 mtpa from 10 mtpa. The company will make use of a part of the added capacity.

* GREAT OFFSHORE: Has approved a six-month extension for the $40 mln, 7.25% unsecured foreign currency convertible bonds maturing this month.

* HCL TECHNOLOGIES: Has raised foreign institutional investment limit in equity shares and convertible debentures to 30% of its paid up capital.

* HINDUSTHAN NATIONAL GLASS & INDUSTRIES: Has started commercial production at Naidupeta unit of the company from Sep 28.

* ICICI BANK: Has launched a festival home loan plan, which would be open until Dec 31.

* IVRCL: HSBC Global Investments Funds has sold 793,925 shares, or 0.26% stake, of the company in the open market on Oct 3.

* JB CHEMICALS AND PHARMACEUTICALS: Johnson and Johnson has laid a claim on part of the proceeds from the sale of the Indian company's Russia-CIS over-the- counter products business.

* JSW STEEL: May take legal recourse against the government's recent decision to cancel the allotment of a coal block to the company.

* JUBILANT FOODWORKS: Sees its same-store sales growth in 2012-13 (Apr-Mar) at 18% as compared with 30% a year ago.

* MAHINDRA & MAHINDRA: Has received more than 5,000 bookings for its sub-4-mtr sport utility vehicle Quanto since its launch on Sep 20.

* MAGMA FINCORP: Insurance arm of the company Magma HDI General Insurance has launched operations and aims to collect premiums worth 1 bln rupees in 2012-13.

* PIDILITE INDUSTRIES: Has allotted 390,134 shares on foreign currency convertible bond conversion.

* RELIANCE INDUSTRIES: The oil ministry has rejected the company's request for revising price of gas from its Andhra offshore field before the due date of Apr 1, 2014, as such a move would push up the government's subsidy burden.

* SIYARAM SILK MILLS: Is planning to spend 300-500 mln rupees on expanding its existing manufacturing facilities by September.

* SKS MICROFINANCE: Deutsche Securities Mauritius has lowered it stake in the company to 4.16% from 8.78%.

* SOUTHERN PETROCHEMICALS INDUSTRIES: Has allotted 14.91 warrants on preferential basis.

* SREI INFRASTRUCTURE FINANCE: BNP Paribas and the company have invested close to 2 bln rupees in their joint venture company, SREI Equipment Finance.

* SUZLON ENERGY: Domestic banks will restructure the company's debt worth 140 bln rupees.

* TITAN INDUSTRIES: Expects sales from its Tanishq brand of jewellery stores to rise 25-30% year on year in Oct-Dec.

* UNION BANK OF INDIA : Has launched an online application facility for retail loans to help customers apply for home, vehicle, and education loans.

* UNITED BREWERIES (HOLDINGS): Platinum Investment Management has sold 996,648 mln shares, or around 1.5%, of the company at 131.95 rupees each through block deals.

* VST INDUSTRIES: ITC has sold 225,000 shares, or 1.45% stake, of the company for an average price of 1,749.54 a share through a bulk deal.

By RUPEE DESK

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