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Thursday, June 5, 2014

Piramal Enterprises acquires 9.99% equity stake in Shriram City Union
Piramal Enterprises Ltd. announced that it has acquired 65,79,840 equity shares of Shriram City Union Finance Limited. The acquisition, by way of a preferential allotment of shares by Shriram City Union, was at a price of Rs. 1,200/- per equity share. The total consideration paid was Rs. 790 Cr.

Polaris Financial Technology inches up after winning an order
Polaris Financial Technology rose 0.7% after the company said that Sweden's central bank has chosen to implement Polaris' Intellect Quantum Collateral Management System.

Cement stocks firm up on price hike

Cement stocks have gained on reports that cement companies have gone ahead with a price hike in the range of 3-30% across various regions.

JSW Steel to import iron ore as international prices fall

JSW Steel Ltd will import 500,000 tonnes of iron ore by end-June or July, it's biggest monthly shipment as international ore prices fall and domestic supply remains suppressed.

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