STOCKS ALERT (22.03.2013)


* 3M INDIA : Promoter 3M Co's offer for sale of 113,198 shares of the company got subscribed over two times at an indicative price of 3,654.33 rupee/share.

* AANJANEYA LIFECARE: Has allotted foreign currency convertible bonds worth $40 mln.

* CAIRN INDIA: Will start commercial sale of gas from its Rajasthan block to fertiliser firms in Gujarat from this month.

* COROMANDEL INTERNATIONAL: Has bought 85.11% stake in Liberty Urvarak.

* DS KULKARNI DEVELOPERS: Board has approved sale of 1.6 mln shares, of 2.55 mln held, in arm DSK Global Education and Research.

* EMMSONS INTERNATIONAL: Board has approved one-for-one bonus share issue.

* GAIL INDIA : Is likely to see its costs rocket in case output from Krishna Godavari basin's D-6 block falls further.

* GODAWARI POWER AND ISPAT: Has allotted 1 mln shares at 130 rupees each.

* GODREJ CONSUMER PRODUCTS: Its Indonesian arm has completed the sale of its non-core foods business

* GUJARAT SIDHEE CEMENT: Its revival plan has hit a roadblock as majority shareholders have charged that a revised plan by Board of Industrial and Financial Reconstruction favours promoter M.N. Mehta's family.

* HCL INFOSYSTEMS: HCL Corp has increased its stake in the company to 44.85% by acquiring additional 840,039 shares for 32.5 mln rupees.

* HERO MOTOCORP: Plans to spend 11 bln rupees as capital expenditure in 2013-14 (Apr-Mar) to build on its position as the market leader in the two-wheeler space.

* HINDUSTAN UNILEVER: Has told some analysts that it has cut prices of soaps, barring its Hamam brand, by 12-20% in Jan-Mar. The company's managers this year have got bonus payouts about three times the normal as the company met its internal targets and outperformed the market in a tough market.

* HOUSING DEVELOPMENT FINANCE CORP: Will raise at least 2.5 bln rupees through 15-month bonds, carrying a coupon rate of 9.09%.

* INDIAN OIL CORP: Sri Lankan government has taken back a part of the strategic oil storage depot from the company's subsidiary in the island nation; the company said the move is "purely commercial".

* MERCATOR: Singapore-based arm has inked a pact to pre-terminate charter for one vessel.

* STEEL AUTHORITY OF INDIA : The floor price for the offer for sale in the company has been fixed at 63 rupees per share.

* SHASUN PHARMACEUTICALS: Board has approved conversion of 1.5 mln warrants into shares of the Company.

* SHREE RENUKA SUGARS: Board has approved merger of wholly owned overseas subsidiary Renuka Commodities DMCC into the company.

* TILAKNAGAR INDUSTRIES: Income tax department officials in Mumbai have conducted a survey at the company's office last week to ensure the company made full disclosure of income.

* WIPRO: Has received approval from the Karnataka High Court for its proposed demerger of consumer durables business from core information technology
operations.