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Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Tue, Jul 14 2009. 11 06 PM IST
Updated: Tue, Jul 14 2009. 11 06 PM IST
Aban Offshore (21.13% up)
The shares of Aban Offshore Ltd gained 21.13% after CNBC-TV18 reported that the company is working on financial restructuring with lenders. The firm’s $470 million (around Rs2,300 crore) debt matures in FY10.
SREI Infra (20.03% up)
The SREI Infrastructure Finance Ltd stock was up 20.03%, which has rebounded after losing 42% since the Budget. The stock has been under pressure on reports that the Registrar of Companies is investigating the firm’s association with Maytas Infra Ltd.
Adani Enterprises (10% up)
Shares of Adani Enterprses Ltd was up 10% on Tuesday after CNBC-TV18 reported that Adani Power Ltd has got clearance from the market regulator for its public issue. Adani Enterprises holds a 83% stake in Adani Power Ltd.
DLF (11.07% up)
Shares of DLF Ltd gained 11.07%. The firm’s executive director said it has sold around 2,500 housing units in April-June. The firm, however, said that demand for its realty projects were up by 15-20% during the period.
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First Published: Tue, Jul 14 2009. 11 06 PM IST
More Topics: CNBC-TV18 | Markets | Shares | DLF | Money Matters |