Fortis (6.7% Up)
Shares of Fortis Healthcare Ltd rose 6.7%, while those of Wockhardt Ltd were up 9% on Monday. Fortis said it will pay around Rs900 crore to buy 10 hospitals from Wockhardt Hospitals Ltd. The deal, set to be completed in December, will add 1,902 beds to Fortis network.
Oscar (17% Up)
The Oscar Investments Ltd stock rose 20% on the Bombay Stock Exchange on talks that the firm could be involved in funding the Fortis Healthcare Ltd deal to buy 10 hospitals of Wockhardt Hospitals Ltd. The firm, along with Fortis, had earlier bought a 53% stake in Malar Hospitals.
Madhucon Projects (20% Up)
Shares of Madhucon Projects Ltd soared 20% on Monday on market rumours that the firm has initiated the process of filing the draft red herring prospectus (DRHP) for its holding firm Madhucon Infra Ltd. The company is looking to raise around Rs500 crore by diluting 15-20% equity.
Selan (17% Up)
Shares of Selan Exploration Technology Ltd, a firm engaged in the production of oil and natural gas, ended the day at Rs269.05, up 20%, on the National Stock Exchange on Monday. Its chairman Rohit Kapur had said production in FY10 would be slightly lower.
Carol Info (13.5% Up)
Shares of Carol Info Services Ltd jumped 13.5% on the National Stock Exchange on reports that Fortis Healthcare Ltd would buy 10 hospitals from Wockhardt Hospitals Ltd. Carol Info holds nearly 9% stake in Wockhardt Hospitals.
Indiabulls (17% Up)
Shares of Indiabulls Real Estate Ltd gained 7.65% on the Bombay Stock Exchange. CNBC-TV18 reported that Indiabulls Power (a subsidiary of Indiabulls Real Estate) is beginning its pre-IPO (initial public offer) road shows from Monday.
Suven Life (17% Up)
Shares of Suven Life Sciences Ltd soared 17% on the National Stock Exchange on Monday. The Indian drugmaker said four global pharmaceutical companies have shown interest in out-licensing deals for its SUVN-502, which is being developed to treat Alzheimer’s disease.
Marg (17% Up)
Shares of Marg Ltd, an infrastructure development company, gained 5% on the Bombay Stock Exchange on Monday. CNBC-TV18 reported that the company is planning to unlock value in its 100% subsidiary Karaikal Port, the valuation of which is estimated at around Rs800 crore.