United Breweries – Share prices hit record highs of INR 657 on news of an amalgamation with Scottish and New Castle report. The stock continues on its upward trend started from yesterday where it rose 9 percent.
The stock is trading up 20 points or 3.28 percent at INR 649.30 on the BSE
Jaiprakash Associates – Co. saw its stock price tank 8 percent on news of the co. launching a FCCB issue of USD 150 m for repayment of existing securities. The 5.75 percent coupon note due 2017 was set at a conversion price of INR 77.50 a share.
Stock price down at INR 64.65, or 8.23 percent on the BSE.