Anand Rathi - Daily Fundamental Snippets

House of Pearl Fashions Ltd has bagged orders for USD 7.5 Mn (Rs 30 Crs) from US Buyers, including JC Penney / H & M/ GAAP / KOHLS.

Autoline Industries Ltd and Stokota NV have entered into a MOU to execute a merger of the two Companies where in the Company will acquire a 51% stake in Stokota's Global Operations for a consideration of approximately INR 66.8 Cr in cash and equity.

HOV Services has acquired Lason Inc for $ 148 million.

GE Shipping has entered into an agreement to sell its investment held in Routes Travel.

Plethico Pharmaceuticals Ltd will raise $75 million from overseas markets.
Petron Engineering Construction Ltd has received LOI for orders worth Rs 4.82 crore.

Bharat Heavy Electricals Limited (BHEL) has bagged an Rs 144 crore order from Power Grid Corporation of India Limited (PowerGrid).

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Thanks Yash