Wipro in focus on Nifty inclusion

Wipro will be included in 50-unit CNX Nifty index today, 27 September 2013. The IT major replaces Reliance Infrastructure in Nifty.

Coal India shares may see action on reports that the Department of Divestment and Coal Ministry are likely to meet today, 27 September 2013 to decide on the Coal India divestment.

Omaxe has fixed Rs 135 as the floor price of offer for sale (OFS) of shares by promoters of the company. Omaxe's promoters will sell over 1.52 crore shares today, 27 September 2013, through stock exchanges to dilute their stake in order to meet market regulator Sebi's norms on minimum public shareholding. Omaxe's promoter companies Constellation Capital, Kautilya Monetary Services and S A Finvest will sell up to 75 lakh, 12.5 lakh and 65 lakh equity shares of the realty firm through OFS route. Total shares offered through OFS stand at 1.52 crore equity shares, representing 8.79% of the total paid-up equity share capital of the company as on date. The OFS will commence today, 27 September 2013 at 9:15 IST and close at 15:30 IST.

IL&FS Transportation Networks' committee of directors on Thursday, 26 September 2013 approved the allotment of 20 crore unrated, unlisted fully paid up cumulative redeemable preference shares of Rs 10 each at a premium of Rs 10 per share aggregating to Rs 400 crore on a private placement basis.

The Reserve Bank of India on Thursday, 26 September 2013 said the foreign institutional investors (FIIs) investment in Multi Commodity Exchange has reached the trigger limit under portfolio investment scheme and purchase of further equity shares of company will require its approval.

Balrampur Chini Mills said that the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) has sanctioned merger of Khalilabad Sugar Mills (KSMPL) with Balrampur Chini Mills (BCML) under the modified draft rehabilitation scheme. The certified copy of the Order of Hon'ble BIFR has been filed with Registrar of Companies (RoC) both West Bengal and U.P. on Thursday, 26 September 2013. After filing of the said Order with RoC, KSMPL merger with BCML. The said scheme comes into operation from the appointed date i.e. 1 April 2012.

Wanbury said the company's manufacturing facilities at Patalganga and Tanaku have been classified as acceptable by the Department of Health & Human Services, Public Health Service, Food and Drug Administration, USA (USFDA).

SREI Infrastructure Finance allotted 10.26 lakh NCDs to 7507 valid applicants, aggregating to Rs 102.64 crore on 26 September 2013.

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