Jaiprakash Associates has propose to sell 27.86 million equity shares of the company via offer-for-sale (OFS) on January 24.
Bharti Airtel,Idea Cellular and Reliance Communications are up 3-5% on the National Stock Exchange.
Q3 net profit up 76% year-on-year at Rs 32.57 crore on back of 40% rise in net sales at Rs 226 crore.
Consolidated EBIDTA or operating margins were at 11%, up 430% sequentially over the previous quarter.
Q3 net profit at Rs 311 crore against loss of Rs 83 crore in a year ago quarter.
On January 22, 2013 Sarang Rakesh Wadhawan sold 3.68 million shares of the company at price of Rs 113.97 on the NSE.
JLR's sales that account for a majority of Tata Motors' profits, have slowed significantly over the past quarter.
The Ministry of Petroleum and Natural Gas proposed to double the price of gas to $8-8.5 per mmBtu sometime this calendar year.
Citigroup Global Markets Mauritius and Sarang Wadhawan sold equity shares worth of Rs 92 crore in past two days.
Jaiprakash Associates proposed to sell 27.9 million shares to institutional investors with an option to increase it by another 70.6 million.
Q3 consolidated net profit declined 43% year-on-year to Rs 105 crore due to higher financial charges.
The directive comes in the wake of wide variation in air fares on the same route
The order inflow grew 14% year-on-year at Rs 19,545 crore during October-December quarter (Q3).
The country's only listed microfinance industry (MFI) has earned profit after seven consecutive quarters of losses on account of rise in advances.
Q3FY13 EBITDA margin is likely to be better due to weak 3QFY12 base.
The company has signed a definitive share purchase agreement to acquire promoters' stake up to a maximum of 56.28% in Liberty Phosphate at Rs 241 a share.
The company said that it has launched Desloratadine ODT (Orally Disintegrating Tablets) in the US market on January 24, 2013.
A combined 3.44 million shares have changed hands on the counter so far against an average 2.2 million shares in past two weeks.
A foreign brokerage has put an outperform rating on the stock.
Q3 net profit more than doubled to Rs 501 crore against Rs 206 crore in a year ago quarter due to higher sales.