IFCI - stake sale again ?

Reliance Industries and Standard Chartered may reportedly be the surprise co-bidders for a strategic stake in lender IFCI. On Thursday (29 May 2008), IFCI revived its plan to get on board a strategic investor, after an earlier plan in December fell apart, the reports added.

Tata Teleservices Maharashtra (TTML) is reportedly in merger talks with Quippo Telecom Infrastructure, a Srei group company, for its tower arm Wireless Tata Telecom Infrastructure.

Hanung Toys and Textiles is reportedly close to acquiring a US home furnishing marketing company and may sign a preliminary agreement with the $20 million firm in the next two weeks.

Bombay Dyeing has reportedly sold off its dimethyl terephthalate (DMT) plant situated at Patalganga, Maharastra to a Gujarat-based trading company Laxmiraj for an undisclosed amount.

Reliance Power goes ex-bonus on a bonus of 3:5 today. New futures and options (F&O) contracts will be issued today. F&O lot size 500 shares, options strike prices between Rs 10-1230.

Tamil Nadu Newsprint & Papers reported a 26.1% rise in net profit to Rs 27.38 crore on a 10.9% increase in sales to Rs 250.22 crore in Q4 March 2008 over Q4 March 2007.

Aegis Logistics reported a 74.9% rise in net profit to Rs 12.03 crore on a 75.8% increase in sales to Rs 115.14 crore in Q4 March 2008 over Q4 March 2007.

Punj Lloyd, Dabur Pharma, Deepak Fertilizers, Evinix Accessories, Gujarat State Fertilizers, Indo Tech Transformers, LG Balakrishnan, Nagarjuna Construction, Nitin Spinners, Northgate Technologies, Sobha Developers, Sun Pharmaceuticals, Tata Tea, Welspun India, among others will declare their March 2008 ended results today.