Monday 18 August 2014

Stock in news

RIL, Essar Oil Ltd

     Mukesh Ambani-led Reliance Industries and Ruias' Essar Oil are all set to restart their petro-retail operations as diesel prices are likely to be de-regulated by Diwali.

JSW Steel Ltd

     Sajjan Jindal-led JSW Steel has entered into a definitive agreement with Welspun Enterprise (WEL), to acquire the entire equity shares held by the latter in Welspun Maxsteel (WMSL) for an enterprise value of Rs 1,000 corore plus net current assets as of August 31.

AB Group stocks

     Adity Birla Group continues to feel the reverberations of the controversial FIR registered in October 2013 over the allotment of a mine in Odisha to Hindalco the group's mining arm, in 2006.

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