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Stocks to watch: Reliance Industries, Fortis Healthcare, Fame India, Everonn, Deepak Fertilisers

21 Jul 10 10:25 AM
Reliance has rejected the oil ministry's directive to sell gas from its Krishna Godavari basin field to new customers by reducing supply to existing ones. As many as 16 companies are waiting to sign GSPAs with RIL including state-run NTPC, Essar Oil, which wants the gas for its Vadinar refinery in Gujarat, Oil and Natural Gas Corporation's LPG units and a number of power plants.

Fortis Healthcare promoters have pledged an additional 3.3 crore shares with lenders to raise money to part fund the acquisition of Singapore's Parkway Holdings.

Anil Ambani group company Reliance MediaWorks said it along with two other group firms has purchased another 0.11 per cent stake in Fame India, hiking their combined stake in the multiplex chain to 15.88 per cent.

A deal between Nikhil Gandhi's SKIL Infrastructure and Chennai-based Everonn Education faced uncertainty on Tuesday because of differences over the rights to be enjoyed by the acquirer.

Deepak Fertilsers has raised Rs 50 Cr through issue of debentures to LIC. It allotted 500, 9.31% secured, redeemable and non-convertible debentures of Rs 1 million each. The funds will be used for its expansion and working capital needs.

Results today: Thermax, Abhishek Industries, Alstom Projects, NIIT, TVS Motor, Mastek, Orchid Chemical, KPIT Cummins, REC, Engineers India, Ingersoll Rand, Transport Corporation, Monsanto India, Pidilite