STOCK NEWS 03 SEP 2010
Ashok Leyland reported a 56.35% jump in sales at
7,480 units in August 2010 over August 2009.
Mahindra Satyam has won a multi-million dollar
technology services deal from a large
health insurer.
Cipla turns ex-dividend today, 3 September 2010, for the payment of special
interim dividend of 80 paise per share for the year ending March 2011 (FY
2011).
Nakoda plans to invest Rs 32.92
crore to set up a wind power project in Madhya Pradesh. The firm is setting up
a plant in Jethana district with a total capcity of 5.25 megawatt (MW). This
will raise its wind power capacity from 6.75 MW to 12 MW, the company said.
Nakoda will enter into a power purchase agreement with Madhya Pradesh
Electricity Board to supply around 11.2 million units per year at the rate of
Rs 4.35 per unit for 13 years.
Apollo Hospitals Enterprise reportedly plans to invest Rs 1800 crore to set
up 11 hospitals in the country over the next two years.
Asian Hotels (West) has acquired
16.38% stake in Inovoa Hotels and Resorts. Asian Hotels plans to acquire an
additional 34.11% in Inovoa during the current fiscal following which the
latter would become its subsidiary, it said.
GVK Power and Infrastructure reportedly plans to raise funds for its
airports business by December 2010 via stake sale to private equity (PE)
firms.
Transwarranty Finance's board will meet on 6 September 2010 to evaluate its
subsidiary -- Vertex Securities' plan for entering into natural resources
business.
