Epic Update : Fortis Healthcare

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Epic Research
Raises USD 55 million via FCCB allotment
Actively considering selling stake in Vietnam operations
Received offer for company stake in Vietnam’s Fortis Hoan.
 
Epic Update : Jet Airways

Jet Airways shares down 11 percent (CMP Rs 403.70, 52-week high at Rs 688 on April 25th 2013, 52-week low at Rs 320 on 27th July 2012)
Stock falls ahead of decision on Etihad deal
Finance Ministry%u2019s will be meeting today on Rs 2000 crore Jet-Etihad deal - Jet Airways plans to sell 24 percent stake to Abu Dhabi-based Etihad for about Rs 2,058 crore
Last week, Jet Airways chief executive Nikos Kardassis resigned
Stock has lost 18 percent this month and 28 percent since the start of the year.
 
Epic Update : MMTC

MMTC offer for sale (OFS) on June 13
Govt to sell 9.3 percent stake
Base price to be announced post 3.30 pm today
Govt expects Rs 250-300 crore through the sale
Government holds 99.33 percent stake in MMTC
MMTC OFS base price to be nowhere close to current market price.
 
Epic Update : TV18 Broadcast

TV18 Broadcast, India%u2019s premier news and entertainment network, has launched %u2018News18 India%u2019, a 24hr television news channel is designed to give global audiences a window into the world%u2019s largest democracy. News18 India will be distributed in the UK and other International markets by IndiaCast, a strategic joint venture between TV18 and Viacom18 and one of India%u2019s largest multi platform content aggregators.
 
Epic Update : Bajaj Auto

Seeing forex gains on exports due to weak rupee
No plans to pass on forex gains to consumers
Cannot change prices only on forex fluctuations
Bajaj Auto had cut prices in export markets in April, 2013
 
Epic Update : Tata Steel

Gets 5-year contract to supply aerospace steel to Safran grp
Initial value of contract is over %u00A3 9 m per year
Safran group%u2019s contract value may rise over 5-year period.
 
Epic Update : Videocon Industries

Videocon set to bring in foreign bank for banking foray
Company to divest part stake in banking foray to banking partner
Videocon will hold majority stake in banking foray
Separate subsidiary to be launched for banking foray
Investment in banking foray to be made by Videocon Industries.
 
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