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EquityTips
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Monday, February 10, 2014

TOP CORPORATE NEWS

·        DLF surges 6%, Aman resorts sale to reduce debt

Shares of DLF jumped 6 percent as the real estate developer sold Aman resorts to its original founder Adrian Zecha for USD 358 million. The sale will help the realty company to cut its debt.

·        Sun TV Network standalone Dec '13 sales at Rs 508.34 crore

Sun TV Network has a standalone sales turnover of Rs 508.34 crore and a net profit of Rs 185.79 crore for the quarter ended Dec '13. Other income for the quarter was Rs 14.85 crore. For the quarter ended Sep 2013 the standalone sales turnover was Rs 466.41 crore and net profit was Rs 169.16 crore, and other income Rs 37.80 crore.

·        Dena Bank Q3 net profit falls 67% to Rs. 67.8 cr

Dena Bank  net profit for the quarter ended December 31, 2013 fell by 67% to Rs. 67.8 crore from Rs. 206.4 crore as it made higher provisions on account of deteriorating credit quality.

·        CESC in advance talks to sell 400 MWs


CESC is in advance stages of discussion with two private sector utilities for selling 400 Mega Watt and is very close to finalize the sale. The company has already tied up 100 MWs with Tamil Nadu State Electricity Board.

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