Weekly Equity Research Report By Ways2Capital 23 Feb 2015

INDORE, India - Feb. 25, 2015 - PRLog -- NSE WEEKLY NEWS UPDATE

✍ SpiceJet shares soar 17% on CCI nod for capital infusion plan

Shares of SpiceJet surged more than 17 per cent in morning trade today after fair trade watchdog CCI approved original promoter Ajay Singh's plan to acquire controlling stake in the carrier. Under the revival plan, Singh would infuse Rs 1,500 crore into the carrier after acquiring over 58 per cent stake from outgoing promoters, Marans. The scrip, listed on the BSE, jumped 17.79 per cent to Rs 23.50. It had opened at Rs 22.80 and touched an intra-day high of Rs 23.50.

✍Munjals to sell 3.5% in Hero MotoCorp

The promoters of Hero MotoCorp, India's largest twowheeler company, are set to raise about Rs 2,000 crore by selling 7 million equity shares, or 3.5% stake, in the flagship entity of their estimated $5 billion (about Rs 31,000 crore) Hero Group in a block deal on Wednesday, a move aimed at raising money for investments in defence and infrastructure. Two people familiar with the matter told ET that as per the term sheet of the offer, the Delhi-based Munjal family offered shares in an indicative price band of Rs 2,664 to Rs 2,720 a piece for the deal that was reportedly been arranged by Kotak Mahindra Capital.

✍Sebi slaps Rs 18 lakh fine on 8 companies

Market regulator Sebi has slapped a total fine of Rs 18 lakh on eight companies for failing to obtain registration with its online complaint system as well as not resolving pending investor grievances within the required timeline.The Securities and Exchange Board of India (Sebi) through separate orders imposed penalty of Rs 4 lakh each on Asian Alloys and Mideast (India) Ltd and Rs 3 lakh fine each on Western Foods and B P Alloys.It imposed a fine of Rs 1 lakh each on four companies -- Nijjer Agro Foods, Harpartap Steels, Arihant Threads and R S Petro Chemicals.


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