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Monday, December 23, 2013

TOP FIVE CORPORATE NEWS



GMR Infrastructure plans to sell 40% stake in Istanbul airport-

GMR Infrastructure is planning to sell its entire 40% stake in Istanbul’s Sabiha Gokcen International Airport for Euro 225 million (Rs 1,900 crore) to Malaysia Airport Holdings Berhad (MAHB).

Tata Housing  buys  land in Bangalore for Rs120 crore-

Tata Housing, India’s fastest growing Real Estate Development Company entered into an agreement with Alstom T&D India to buy its manufacturing unit spread across 20 acres in Bangalore for 120 crores.

UltraTech Cement hardens on CCA nod for acquisition of cement unit in Gujarat-

UltraTech Cement is trading higher after the Competition Commission of India (CCI) has approved the company’s proposal to acquire two plants of Jaypee Cement Corporation in Gujarat.

HCC wins Rs 1,597cr contract for Uttarakhand hydro project-

Hindustan Construction Company (HCC) has won an Rs 1,597-crore contract from THDC India for construction of a hydro power project in Chamoli in Uttarakhand.

HDFC MF acquires Morgan Stanley schemes in India-

HDFC Mutual Fund has acquired its smaller rival Morgan Stanley Mutual Fund in India running a total of eight schemes. The average combined assets under management of the eight schemes for quarter ended September 30, 2013 was Rs. 3290 crores.

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