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Monday, September 29, 2014

Equity Tips
Strides Arcolab finds Investor for greenfield Biotech project
Strides Arcolab has entered into an agreement with GMS Holding whereby GMS will invest USD 29.10 mn for a 25.1% stake in Stelis Biopharma Pvt Ltd, the biotech arm of Strides, to fund its Greenfield project.

Oil India investS Rs1,200 crore to revamp pump stations in Assam
Oil India is investing Rs1200crore to revamp the pump stations of pipelines for carrying crude to refineries in Assam.

Polaris fixes October 10 for demerger
Polaris fixes October 10th as record date for demerger of Product business, positive development will unlock the shareholder value upon the subsequent listing of product listing on bourses.

Idea Cellular allots equity shares
Idea Cellular has announced that the ESOS Compensation Committee has vide its circular resolutions dated September 27, 2014 allotted 118,393 Equity Shares of Rs10 each to the Option Grantees, pursuant to the exercise of Stock Options granted under the Company's Employee Stock Option Scheme, 2006.

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