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STOCKS IN FOCUS
SKS Microfinance has said its Rs 400-crore Qualified Institutional Placement (QIP) issue, opened on Monday, was oversubscribed.
China’s Citic Telecom, listed on the Hong Kong Stock Exchange, is in talks with Reliance Communications to buy into undersea cable assets of the Anil Ambani-led company, spreading over 65,000 kilometres, the Financial Times reported on Thursday, citing unnamed sources.
Reliance Industries plans to raise up to Rs 10,000 crore in debt this financial year to part fund its $26 billion investment plan.
Suven Life Sciences announced a near four-fold jump in net profit at Rs 32.40 crore for the fourth quarter ended March 31, 2014.
The 24 per cent stake sale in the Multi Commodity Exchange (MCX), put up by anchor investor Financial Technologies (FTIL), which wishes to divest, is likely to take place soon.
Ashok Leyland posted a net profit of Rs 363.39 crore for the quarter ended March 31, 2014 as compared to Rs 150.03 crore.
Sundaram Finance Ltd sold its entire stake in Credit Information Bureau (India) Ltd (CIBIL) to US-based TransUnion International, Inc.
