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Markets:
Mid-caps make sense
Mumbai: The Sensex ended the day with a gain of
about 0.11 per cent closing at 5192.08. The S&P CNX
Nifty closed at 1631.75 up 3.30 points.
Market Gainers
Sono Koyo Steering, Saint Gobain, FCI OEN Connectors,
Forbes Gokak, Kochi Refineries, Apollo Hospitals, Chennai
Petroleum, Reliance Industries, Mangalore Refinery, Gujarat
Gas, Petronet LNG, GAIL, Mahavir Spinning, Century Textiles,
Garden Silk, Raymond, Bombay Dyeing, Tata Metalliks, Vesuvius
India, Maharashtra Seamless, Welspun Gujarat, Rolta India,
Aptech, Punjab National Bank, Corporation Bank, ING Vysya
Bank, Today's Writing, Texmaco, Biocon
Market Losers
State Bank of India, Blue Dart
Market Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
269.25 |
-0.15 |
| Bajaj
Auto |
932.65 |
+2.20 |
| Bharti
Televentures |
139.85 |
+3.90 |
| BHEL |
551.90 |
-5.85 |
| Cipla |
238.05 |
-2.85 |
| Dr.
Reddys Laboratories |
704.70 |
-3.65 |
| Grasim
Industries |
1,117.80 |
-1.25 |
| Gujarat
Ambuja |
324.25 |
+0.35 |
| HDFC |
556.45 |
+1.40 |
| HDFC
Bank |
367.40 |
-3.50 |
| Hero
Honda Motors |
442.50 |
-7.05 |
| Hindalco
Industries Limited |
1,178.75 |
-1.05 |
| Hindustan
Petroleum Corp |
315.00 |
+0.45 |
| HLL |
112.00 |
+0.05 |
| ICICI
Bank |
269.45 |
-1.55 |
| Infosys
Technologies |
1,574.90 |
-0.45 |
| ITC |
1,046.90 |
+5.80 |
| Larsen
& Toubro Limited |
792.80 |
0.00 |
| Maruti
Udyog |
381.80 |
+0.30 |
| MTNL |
122.95 |
0.00 |
| ONGC |
713.90 |
-3.50 |
| Ranbaxy
Labs |
958.05 |
-8.40 |
| Reliance
Energy |
653.10 |
-6.15 |
| Reliance
Industries |
475.55 |
+8.45 |
| Satyam
Computer Services |
339.55 |
+1.20 |
| State
Bank Of India |
442.85 |
-2.45 |
| Tata
Motors |
390.50 |
+1.75 |
| Tata
Power |
259.60 |
-1.75 |
| TISCO |
251.90 |
+2.15 |
| Wipro |
578.50 |
-1.45 |
| Zee
Telefilms |
152.65 |
-2.20 |
Others
Others
SRF Ltd up 5.77 per cent at Rs.48.60
ING Vysya Bank up 6.31 per cent at Rs.290.75
VST Tillers and Tractors up 8.91 per cent at Rs.61.75
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SEBI
okays open offer exemption to L&T employees foundation
Mumbai: The Securities and Exchange Board of India
has granted Larsen & Toubro Employees Welfare Foundation
exemption from making an open offer for L&T shares,
of which the foundation proposes to purchase another 0.77
per cent from AV Birla group company - Samruddhi Swastik
Trading and Investment Company.
After this acquisition, the Foundation, which currently
holds 14.95 per cent of the paid-up equity capital of
L&T, would hold a stake of 15.72 per cent in the company.
In ordinary circumstances, this would have required the
acquirer to make an open offer.
But the Foundation has got exemption on the grounds that
it has been established for promoting the welfare activities
of the employees of L&T and at the same time to preserve
the professional management model of the target company,
according to SEBI's announcement on its Web site on Tuesday.
The
announcement also noted that the acquirer (the Foundation)
does not intend to trade in the shares of the target company
in the open market and further, that there is no intention
on its part to acquire the control of the management of
the target company. The Foundation will not sponsor directorships
on the board of the company either.
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